Buying a Business? Watch Out for These Red Flags

It can be much easier to buy a business than to build a brand new one. Most of the foundation and structure will already be in place and hopefully it is already profitable or can quickly be made profitable. However, buying a business can be tricky. If you’re not careful, you could find yourself sitting on a company that causes you nothing but trouble. It is essential that you do extensive due diligence before Read More

Five Ways to Sell Your Business for Top Dollar

You’ve put a lot of blood, sweat, and tears into your business, and when you sell it you expect your business to repay you for all your efforts by generating the kind of sales price that makes it all worthwhile. Unfortunately, many business owners are shocked to discover that their businesses are worth much less than they had been hoping, or even counting on. To get the kind of value out of your business that you Read More

Four Essential Elements of a Solid Partnership Agreement

New undertakings are always exciting, but few are as exciting as a new business. You have a great idea and you and your partner have been best friends since high school. What could go wrong? Unfortunately, even the best relationships sometimes fall apart in the face of the stresses created by running a business. Every business partnership needs a strong agreement to protect the business, and a good agreement can Read More

Protect Your Business: Four Tips for Stronger Business Contracts

There’s a saying in business litigation… “It’s not strictly about right and wrong, but rather what you can prove.” While it’s not reassuring, it is the truth, especially when it comes to protecting the best interests of your business. This is why written contracts are critical to various business relationships and operations. They are documents that prove the nature of the business relationship or situation should Read More