What Is a Co-Op Business Structure?
Having a great idea for a business is just the beginning. Actually setting up a business for success and working through all of the formalities required to get a business up and running can be an arduous process. It is, however, an important one. How you set up your business will have significant impacts...
What Role Do Stakeholders Play in a Company?
A stakeholder is considered to be any person who has an interest in a company. This means that the term “stakeholder” is actually quite general. Think about who could have an interest in a company. An employee, a supplier, a partner, and others could be considered stakeholders. Furthermore, a stakeholder could be an investor...
What Type of Business Entity Should I Form?
Starting a business will involve many decisions. Perhaps one of the most important decisions among them will be how you will structure your company. The legal structure of a business will impact its very foundation, all the way up. It will impact how much is paid in taxes. It will impact personal...
Does My Business Need a Separate Tax Identification Number?
There are many considerations when you make the big decision to set up a business. It may be difficult to even know where to begin. There are, however, certain logistics and formalities that will need to be observed in order for you to be able to successfully navigate these new waters and...
What to Look for in a Property Agreement
In business, you will likely deal with one or more different types of property agreements. You may lease space for your business. You may buy space for your business. In any case, it can be critically important that you both make sure that the necessary terms are included in the property agreement...
How to Start the New Year Right for Your Business
While it may have felt like 2021 would never arrive, here it is! The new year is upon us and it is the perfect time to really reflect on your business. Take the time and make a concerted effort to think about where you want your business to go and how you...
The Benefits of a Written Employment Contract
Having a written employment contract actually tends to be the exception rather than the rule. Without a written contract, the employee is considered to be “at-will.” When an employee is “at-will,” he or she may be terminated at any time for any legal reason. Many employers and employees may prefer this arrangement...
What Exactly Is Business Law?
Have you ever heard of “business law?” Have you ever wondered what it means? While business law may seem self-explanatory (it’s the law of business, right?), it is an extremely complex area of law that touches on several other areas of law. Here, we will go into more detail about what business...
How to Create a Solid Shareholders Agreement
It can feel like establishing a business means climbing a mountain of paperwork. It’s true. There is a lot of paperwork involved, but much of it, if not all, is very important to set your business up for success far into the future. A shareholder agreement, for instance, is paperwork that should...