Partnership disputes can change the direction of a business -- and not usually in a good way. There are several things that you can do to reduce the chance that the dispute with the person you went into business with will lead to the dissolution of the company or your...
Failed payment promises may require escalated collection efforts
One of the most important things a business needs to survive and grow is its revenue. That's the money that actually supports the needs of the business. It isn't enough to just have enough billable accounts. Instead, the company has to actually receive the money that...
Divorcing? What will happen to the family business?
Individuals who own a family-based business might realize that they need to sell that company if they're going through a divorce. The decision to do this isn't one that's made lightly. It often comes when one spouse realizes that they don't have what they need to buy...
How can businesses protect themselves from debt?
No one goes into business thinking about debt, but it's a big part of how capital moves around. Many business owners remember going into debt just to make their dreams a possibility. So that can confuse issues when you are the one who is owed and you need to find ways...
Collections may be easier with prior planning
It's not easy when you are forced to put an account in collections. People who owe your business money may be valued clients and require hand-holding, while any effort put into recovering what you are owed is taken away from projects and operations.The process,...
Which business contract clauses come up the most?
Are business contracts complicated? Yes, almost all the time. This is why many successful business owners have attorneys dedicated to the task of writing and reading them. But it never hurts people who are subject to business contracts to understand the basic terms...
Breach of contracts don’t have to involve courtrooms
Writing contracts are a big part of business, and lawyers are often best involved on both sides of a deal so the text of an agreement is clear and stands up in court. One of the most important parts of the business environment involves the feeling of trust and faith...
Who can help with a business sale?
Your business may just be you, but you know that nothing can survive in a vacuum. Businesses need vendors, organizers, customers and a lot of other elements to be successful. In the same way, there are a lot of people who may be involved in a successful business sale....
It may be time to sell your business
Do you remember when you were a kid and you got tired of playing with a toy? You may not have even had enough interest to put it away. We're expected to learn focus and follow through on decisions as we mature, but sometimes it is time to stop playing. We just need to...
Businesses can find connections to new contracts
Some of the earliest business contracts in United States history were government contracts. North Carolina was making deals with private entities and business in the 17th century. Now, government contracts are a big part of commerce for the Tar Heel State and many of...