When you establish an agreement with an independent contractor, the hope is that everything will go smoothly. It benefits all parties involved if the contractor is able to complete your project on time and according to the predetermined specifications. And the last...
All businesses look for ways to save money. This makes perfect sense as cost-effectiveness can lead to bigger profits. But there is a difference between finding sensible ways to limit expenses and placing yourself in financial jeopardy by trying to save a few dollars....
According to a survey conducted by The Alternative Board, family businesses are on the whole finding financial success. And most family business owners believe that they will continue to thrive and succeed. But this optimism about the present and the immediate future...
From marriages to business partnerships, nothing lasts forever and change is inevitable in all relationships. And just as a divorce can be expedited much easier if the couple signed a prenuptial agreement, so too can businesses do themselves a tremendous service by...
As any developer can tell you, bringing a successful commercial real estate project to fruition is all about problem-solving. Your first problem is finding a property that you want to build on. And then you have a whole host of other problems that involve financing,...
One of the main reasons for creating contractual agreements with business partners is to establish responsibilities and obligations. Ideally, so long as both parties deliver on their promises, all will go well. An effective business contract is one that covers all...
One of the most important things you can do as a business owner to protect your interests is have high-value employees sign noncompete agreements. The intent of having an employee commit to a noncompete agreement is to keep him or her from going to work for a direct...
Forming a partnership, be it limited or general, with another party can do a great deal to expand your business opportunities. But you need to examine every aspect of a potential partnership extremely carefully. And when it comes to formalizing your partnership, you...
The rewards reaped from owning and running a family business can make the endeavor more than worthwhile. But balancing the needs of the business with the desires of family members can be extremely challenging. There are many potential pitfalls that are unique to...
Commercial real estate projects are multi-faceted and extremely complex. And financing is typically the most important aspect of successfully bringing a project to fruition. After all, you won't be able to even break ground with the first shovel without there being...