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There is an assumption that partners will share the responsibility, risks and rewards when they go into business together. Depending on the size of the company and the number of partners, the impact of a partner walking out can range from inconvenient to devastating....
Business owners draft partnership agreements, employment contracts and a host of other agreements and documents. Ideally, they initially were drafted using binding language that makes them enforceable. Over time, the relationships outlined in the contract may evolve,...
A business partnership is like a professional marriage. Two or more partners come together to launch a new business, and there is often a great sense of optimism. Over time, however, the relationship can become strained as partners disagree on the direction of the...
It is a fact of life that some businesses perform better than others. While it is good to be the top brand with the accompany fiscal success, less successful business owners may feel like they cannot get a break or the competition inexplicably always seems one step...
It’s an unfortunate fact of running a business that you will inevitably have disputes with your business partners. This is true whether you run a small start-up or a large company grossing millions of dollars a year. When these partnership disputes escalate to the...
Terminating someone's employment is often the most challenging part of a business owner or manager's job. Despite this challenge, many feel that they did it the right way and for legitimate reasons. So, they can feel blindsided when a former employee files a wrongful...
Entrepreneurs looking to start a business can take steps to mitigate the risks of problems in the future. These steps should include taking the time to review some of the more common mistakes so that you can help your business avoid falling victim to the same issues....
Diagnosing the cause of a business’s failure is relatively easy. There comes a point where the stakeholders can no longer afford to keep the doors open, but more than that, it's the result of simple human exhaustion. But there are many ways that it can get to this...
Individuals and institutions often turn to financial professionals to help grow and maintain investment portfolios. Under the best circumstances, these financial people successfully guide clients toward smart investments while also protecting assets against losses....
Sometimes, it may feel like being involved your business is like being involved in a family. You and your business partner may not always agree on everything, just as spouses or siblings don’t always agree. You may disagree about what direction your company should...