When it comes to creating a business entity, most business owners opt to go with an LLC. However, every business has different needs, circumstances, and goals. An LLC may not necessarily be the best entity to go with for all business owners. Before deciding to form an LLC, it’s important to learn what the advantages…

I can tell you from experience – both my own experience and the experience of others with whom I have spoken over the years – get it in writing. Get it in writing – or wish you had. I was reminded recently of what too often happens when plans and arrangements and understandings are NOT…

Perhaps Kenny Rogers said it best, in his epic song “The Gambler.” “You got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run.” Every business owner wrestles with the age old question: When Is the best Time to Sell My Business? Obviously the answer to…

12 Ways to Cope with Debt and Keep Your Business Alive Be Honest Get in touch with creditors, customers, and vendors and let them know that you’re in financial distress. This one move could buy you time, or at least make all parties aware as the first step to a sustainable payoff plan. Customers who…

What is the definition of breach of contract? At its core, breach of contract means breaking the terms of a written or verbal agreement. Breach of contract sounds pretty straightforward. Either you do it or you don’t. What Is a Fundamental Breach of Contract? The most obvious type of breach of contract is a fundamental…

Starting and running a business can be challenging. Business owners have to manage employees, ensure excellent customer service, work on marketing, and more. Among all the chaos, business owners tend to neglect the legal aspects of their business, which ends up hurting them in the long run. Here are seven common business legal mistakes you…