Partner misconduct, including inappropriate work relationships, theft, and lying, are all issues that have the potential to severely impact the overall wellbeing of your business. If such misconduct occurs, the best-case scenario would be to expend considerable amount of time and money trying to recoup lost funds and mend broken relationships. Worst case? Your company may face bankruptcy or dissolution and liquidation of the company.
Whether you have decided to purchase an investment property, are in the middle of a property ownership dispute, or have inherited a piece of property, understanding how quiet title actions work can help you resolve disputes that may occur.
Your business is your baby: You spend every waking minute trying to manage it and improve your products and services to meet your customers’ needs. There you are, doing the best you can, and you see a nasty comment come up on Google Reviews or Yelp calling out your business for poor performance. Even if what they’re saying isn’t true, it can still impact the way potential customers view your business.
While terminating an employee’s contract is never fun, it’s typically not too much of headache, so long as you have the proper safeguards in place. Non-compete agreements are a precaution many business owners put in place in order to protect their company from potential threats.
A buy-sell agreement is essential to your company’s long-term security, and it’s important to understand the basics of how these types of agreements function. A buy-sell agreement is a legal document that specifies what happens to a business in the event of unexpected occurrences, such as the death or departure of an owner or partner. Let’s say for instance the co-owner of a business doesn’t want to be involved with a company anymore or is ready to retire. If the company has a validly executed buy-sell agreement in place, the price and and other terms of a buyout will be outlined by a binding contract. Such terms should include when a co-owner can sell their company shares, who is allowed to buy the shares, and how much the buyer will pay. If the company doesn’t have a buy-sell agreement, all of these variables are potential areas of dispute, which can lead to expensive and time-consuming legal battles.
Contrary to what its name implies, a Mechanic’s Lien provides an avenue for contractors, subcontractors, suppliers, and others involved in the construction or trades businesses to collect outstanding invoices.
Whether it’s seed round, Series A or successive series, securing financing for a startup is an exciting, stressful and sometimes confusing process. In addition to questions involving which type of investors to seek and how much capital to raise, one of the primary decisions is what financing instrument best meets the needs of the business.