Partners who go into business with one another have certain responsibilities. Typically, partners negotiate in-depth agreements that clarify what obligations they have to one another. Partners also have a fiduciary duty to the business that they started together. It...
When starting a new business in Texas, one of the most important—and often overlooked—steps that entrepreneurs may need to take involves determining whether a venture will require permits or licenses. Many aspiring entrepreneurs understandably focus on forming a legal...
Starting a new business requires numerous resources. The entrepreneur starting the business must have a business plan. They may need to negotiate contracts with vendors or highly-specialized employees. They also frequently need facilities at which they can operate...
Businesses frequently negotiate contracts to help prevent conflict. The process of establishing clear expectations limits the likelihood of disputes arising later. Contracts with employees, landlords, service providers and suppliers can all be important for successful...
Many businesses find success by creating a business partnership. A partnership can benefit many businesses by sharing responsibility of work, developing diverse skills, accessing key resources and providing greater borrowing power. Many small businesses, start-ups and...
The last thing a responsible employer wants to learn is that their employees are enduring a hostile work environment. A hostile work environment can diminish morale and productivity among employees. Such allegations may also expose an organization to legal risks,...
Non-compete agreements have become more controversial in recent years. With an ever-increasing number of employers relying on these restrictive covenants when hiring workers, regulatory agencies and workers have begun to express concerns about the restrictions the...
Having enough workers on hand is crucial for the successful operation of most businesses. Companies need competent cashiers, effective salespeople, safety-minded manufacturing professionals and countless other workers to operate efficiently. Unfortunately, each new...
Regardless of the size of your business, it’s important to have contracts as the backbone of your operations. Well-crafted business contracts allow you to outline the relationships you want with employees, vendors and suppliers. However, it’s crucial to remember that...
Starting a business is a relatively complex process. First-time entrepreneurs often feel rather overwhelmed. Even those who have started a company before could potentially make mistakes that lead to organizational setbacks or personal liability. An aspiring...