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Opening a family business offers several benefits. You can leave your children and grandchildren a legacy and have something lasting for future generations. However, to do this, it is necessary to continue on a path of growth and success.  Unfortunately, disputes may...

Getting into a business partnership can be an exciting undertaking for any entrepreneur. If you get it right, a partnership can help the parties bring their resources and talents together, expand their production and market base and grow their bottom line.  But what...

If someone offers you a business partnership, you might hesitate because it seems like too big a commitment. Perhaps you cannot afford to invest as much as them. Or maybe you just can't dedicate the same amount of time. The good news is you may not need to, and it may...

Selling a business successfully requires adequate preparation and the ability to navigate the complex legal and financial aspects that come with the process. It is not uncommon for mistakes to happen along the way. And if they do, the repercussions can be...

Starting a successful business requires focus and follow-through. You also need to have a plan in place for what happens when you are ready to sell the business. Securing an offer will only be the first step in the process of leaving the company. The transition to a...

Now may be one of the best times to start a business as entrepreneurialism is skyrocketing. As entrepreneurship grows, so do the myths that stop people from starting their dream businesses.  There are too many myths about owning a business to cover in one post, but...

When starting a new business, you want to do all you can to minimize your financial liability if a problem should arise. One way to address this right from the start is by choosing the ideal legal entity (or structure) for your company. The limited liability company...

If you’re starting a business, you may be feeling overwhelmed. You might be frustrated. It may seem too complicated and you may feel stuck, trapped behind these things that you don’t know. First and foremost, you must understand that this is a common feeling for new...

You’ve been running a small business for a number of years now, and it's continuing to grow. You pride yourself on guaranteeing customer satisfaction. In fact, your brand depends on it. As your company expands, your methods may need to adapt. One thing you want to...