The decisions that any business partner makes can affect their company and, therefore, the finances of their partner(s). Sometimes, each partner makes certain types of decisions. Other times, one partner may handle much of the day-to-day management of the company...
People often turn to wills and other estate planning documents for guidance after someone dies. Estate plans can talk about the distribution of someone's property and the care of their loved ones. Unfortunately, quite a few people die without any estate plan on...
Contractual agreements are the lifeblood of most businesses. A contract with a vendor ensures that a production facility has the raw materials it needs to efficiently produce the goods it distributes to consumers or other businesses. A contract with a service provider...
Becoming a parent irrevocably changes someone's life. They are now responsible for a child who has no ability to provide for themselves. Everything from the daily schedule for the family to the ability to get a good night's sleep will suddenly change. Parents who have...
Commercial real estate comes in many forms. Some investors only want multi-family rental units, while others want multi-unit retail and office facilities. Industrial space and even warehousing facilities are all potential real estate investments that can provide...
Establishing a successful and profitable business is an achievement in and of itself. Eventually, an entrepreneur may want to expand their operations. Growth is a very dangerous condition for a business. Expand too fast, and the company may end up insolvent. Manage...
Business is booming, and you’d like to expand your operations – but you want to take on a partner or two before you make any more changes. You’ve already talked to the other parties involved, and everybody is amenable to your plans. Now, you just need to get the...
Starting a business partnership means sharing the risk and work involved in developing a company. It also potentially means establishing a long-term professional relationship with your business partner. The actions that either of you chooses to take or fails to take...
Businesses need to be able to control their costs and ensure a steady supply of materials or equipment to operate efficiently. Contracts exist in no small part to create accountability for business agreements so that a company can control its expenses and depend on...
The average person only has to think about their family members and the impact they would like to have on the world around them when they create their estate plans. Business owners have a lot more to consider. After all, they have obligations to many people beyond...
