A business can face major changes when a partner decides to leave. The way the exit is handled can affect ownership, finances and the company's future. In Nevada, business agreements often guide the process, while state law may apply when no agreement exists....
Law Office of J. Robert Parke, LLC due 0610 [3627011] Traditional Blog Post Writing 18 A logo is essentially a visual representation of a brand. Consumers see the logo and immediately think of a specific company or product. Businesses use their trademarked...
No one envisions conflict when starting a business partnership. In the beginning, everything feels aligned, and it’s easy to assume things will remain the same indefinitely. Unfortunately, business relationships can change quickly once financial pressure, operational...
Succession planning involves identifying critical job functions and workers who may be capable of filling future leadership positions within a company. Often, the plan may include structured training to help potential successors gain the knowledge and skills they need...
As your business grows more reliant on digital tools, planning for the future of your digital assets becomes critical, especially when thinking about succession. Email accounts, websites, cloud storage, customer databases and online banking access are no longer...
Business owners have to consider the short-term and long-term needs of the company. One aspect of business ownership they may not have thought about yet is succession planning. Succession planning is a strategic plan that outlines how leadership and ownership of a...
When you are in business, you are always looking for ways to improve performance and customer satisfaction. One of the ways to achieve this is by getting into a business partnership, as this helps expand resources, share skills and responsibilities and increase the...
A partnership is one of several legal structures you can opt for as a business owner. Rather than facing all of the financial and legal burdens of the company on your own, you can share them. You can also share ideas and the responsibility of day-to-day tasks. ...
Many businesses close down. And you may find yourself considering it. Even though it can be emotional and challenging, it may be the best move for your business. Here are four reasons that may contribute to you closing your business: Personal reasons This is one of...
Have you ever seen two businesses that are clearly unrelated but that have similar names? There are situations in which this can be completely legal and not a violation of anyone’s intellectual property rights. After all, business names often are not trademarked or...