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Many small businesses or family-owned companies are organized as equal partnerships. This essentially gives each partner an equal share in the decision-making process. Any action taken by the organization must result from a consensus or a compromise reached by the...
Adverse possession is a legal term that refers to someone taking possession of land or a building that they do not have the legal title for. If this goes on long enough, they take adverse possession of the property, which means they legally own it. The trespasser can...
It is normal for even the most stable business to undergo personnel changes. This can even include the ownership as partners retire, pass away, pursue other interests, divorce, or file bankruptcy. Business owners or entrepreneurs can plan for these changes by...
No matter the size of the business or the scope of the mission statement, running an organization can often feel like a chaotic adventure. When a partnership comes to an end, however, it is not uncommon for business owners to feel frustrated and overwhelmed by the...
Candidate Joe Biden made many promises on the campaign trail. One that caught the ear of businesses was the promise to limit the use of non-compete agreements, particularly among low-income workers. Since this was usually regulated on a state-by-state basis, it was...
Owners have a long list of concerns, particularly in the current economic climate. While keeping the lights on (literally or metaphorically) and paying employees are at the top of the list, it is a mistake to ignore or not prioritize potential lawsuits regardless of...
It is common for employees to miss work because they are ill or injured. Usually, this involves some sick days or a workers' comp claim. However, there are also long-term health issues that make it more challenging to work. It can involve a standard shift or an...
The Harvard Business Review once said that 70%-90% of business acquisitions fail. There can be countless valid reasons for why the deals fall through, such as the buyer and the seller not seeing eye-to-eye on the price. However, it is often a matter of the seller not...
Design professionals create living spaces or workspaces that provide shelter, inspiration, community and serve the needs of the owner or occupant. It is a complex job that takes creativity, education and hard work, so they deserve to get paid for their work. While...
While business divorce is often the result of dramatic circumstances such as breach of fiduciary duty or illegal activities, it is not uncommon for a partnership to dissolve based on more common challenges. No matter the size of the organization or the scope of the...