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You’ve run a successful company for some time now and are always looking for ways to develop. Often, progress is associated with expansion, but this isn’t always the case. Sometimes, downsizing a business can actually make it more profitable. For instance, by...
When someone is trying to come up with a name for their new business, it’s best to find something unique. This helps the business stand out. It also lowers the odds of a dispute over intellectual property rights. That being said, maybe you have come up with an...
As you may be well aware, every business has its challenges. A challenge just means something to overcome, right? You could resolve some challenges by starting a business partnership -- but you need to be careful. Starting a new partnership also means introducing new...
Entering into a business partnership can be an exciting undertaking. With the right partner by your side, you can share ideas, pull resources and share risks and rewards that come with operating a business. Eventually, the right business partnership can help you...
When starting a business, it is important to consider the different types of business structures available. Two of the most popular options are partnerships and limited liability companies (LLCs). Both offer advantages and disadvantages, so it is essential to...
Family businesses and partnerships have been around for centuries and have proved successful models for many entrepreneurs. However, running a successful family business can be challenging as it involves navigating complex family dynamics and business decisions. Here...
Your business needs may have significantly evolved since you began operations, and you see the need to change its legal structure. Various reasons may be behind this, such as expansion or cooperation with new-found stakeholders. Either way, it is a crucial decision...
Being in a business partnership comes with many advantages, from having a higher borrowing capacity to supporting each other. However, several factors can lead to partnership disputes, affecting a company's intended growth. For this reason, this guide discusses three...
People get into business partnerships for a variety of reasons. But like everything else in life, business partnerships come to an end at some point. When one or more partners decide to vacate a partnership, the exit can be contentious or amicable. However, dissolving...
A will allows someone to designate beneficiaries of their estate in preparation for their passing. When they pass away, their heirs won’t benefit from the testator's estate immediately. Instead, the heirs will have to wait for probate to end before they see any of...