Buying a business is an exciting time for any entrepreneur.By purchasing an existing business, you can avoid many of the risks that come with starting a venture fresh from the ground up. The company you plan to acquire may already enjoy brand recognition, a solid customer base, or profitability. You can infuse a growing business […]
6 Key Factors to Consider When Forming a Successful Business Partnership
A proper partnership agreement makes your new venture real. But the success of your business partnership depends on several intangible key factors that you must consider from the outset. Sure, your partnership may look great on paper. But how well do you and your partners actually work together? Do your values align? Can you […]
8 Most Important Clauses to Include in a Partnership Agreement
Starting a partnership? Welcome to the beginning of an exciting new venture! You and your partners have ideas, dreams, and funding – and you’re ready to hit the ground running. The first steps you take to establish your partnership and create a partnership agreement are absolutely critical in helping you reach your vision. Whenever you […]
What Biden’s Non-Compete Executive Order Means for Businesses
Just this month, President Joe Biden signed a major executive order limiting the use of non-compete agreements. Executive Order 14036, “Promoting Competition in the American Economy,” encourages the FTC to crack down on the “unfair use” of such agreements. The executive order helps workers. But what about businesses that rely on non-competes to keep employees […]
Which Laws Apply to Remote Employees and Out of State Workers?
Since the COVID-19 pandemic, remote work has become an undeniable reality for much of the U.S. For over a year, millions of offices stood empty. Zoom and videoconferencing replaced in-person meetings. Even interviews became remote. The world of remote employment is the new frontier for many companies who previously maintained in-person workplaces – with pros […]
Top 5 Things Every Business Owner Should Know When Hiring Employees
For many medium-to-small-sized companies, managing the myriad of federal and state compliance regulations is a top challenge. With limited resources, keeping up with the many changes that continue to impact the current business landscape is a daunting task. Here are five things that every business owner needs to understand when hiring employees. 1.Federal and State […]
Can Employers Require Employees to Get the COVID-19 Vaccine?
Plus: Employee Vaccination Policy Template for EmployersBusinesses and offices are opening up now that vaccinations have become widely available across the United States. Still, the U.S. population is yet to reach herd immunity – and the risk of contracting or spreading COVID-19 remains. If you’re an employer, you want to make sure that your employees, […]
8 Steps to Establish Business Credit for Your Small Business
If you want your small business to succeed, a crucial step is to establish business credit. Good business credit will benefit your business in several ways, including: Obtaining more favorable payment terms from vendors. Enabling you to obtain better credit terms and interest rates from lenders. The following are eight steps you need to take […]
What’s the Main Difference Between the R and TM Symbols for Businesses?
The Difference Is Extremely Important Under the Law! If you live in the United States you’ve probably seen the TM (™) and R (®) symbols used in everything from advertisements to product packaging. But what do these symbols mean? And which one can you use for your own branding?Both TM and R protect your intellectual […]
The Difference Between Trademark vs. Copyright and Which One You Need
As a business owner, you know how critical it is to build up your brand’s reputation and market recognition. You work hard to cultivate an image that will appeal to your customers. So what happens if someone starts selling products or services under your brand name or logo? What if a competitor copies your product […]