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...
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...
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...
