There are many reasons to bring on a business partner when starting a company. You may find someone who has skills that you don’t possess, for example, and you realize that working together can make the business stronger. The two of you may even decide to share...
Year: 2022
What happens if a house doesn’t pass inspection?
There are certainly cases in which it is a surprise that a house does not pass inspection. This can also happen with commercial property. The seller believes that everything is in order, the buyer has walked through the property and didn’t see any problems and they...
Policies and procedures every business should have
Running a business can be difficult, but it is important to remember that you can do things to make it easier. One of those things is creating and implementing policies and procedures. Many business owners don't think about this until they are in the middle of a...
When your buyer backs out of a real estate deal
It's every seller's nightmare: they've found a buyer for their home, the contract is signed, and a closing date is set. But then the buyer gets cold feet and decides to back out of the deal. Does the seller have any recourse? The answer is, “It depends.” Consequences...
Do you owe your business’s debts?
Your business has to take on a certain amount of debt just to get off the ground. Say that you run a restaurant where you need to buy appliances and other such assets. You also have to rent a space, you may need to hire employees and buy inventory or products. It all...
What can throw off a real estate comp?
With real estate sales or purchases, comps are very important. These are comparable properties, and they help to define the value of another property. For instance, if you’re selling a three-bedroom home for $500,000 but the comps in the area show that three-bedroom...
Why do merger and acquisition transactions end up in litigation?
Merger and acquisition transactions are legally complex. Disputes among the parties involved can open a legal can of worms, and what’s more, they can occur at any stage of the process, even after everything has been finalized. As a buyer or seller in such a...
What does a cloud on title mean?
A title is a legal right to ownership of a property, including the right to sell. If there are doubts about the property's ownership or third-party claims, its title is said to have a cloud. As a result, it may be impossible to find buyers for your property since a...
Is your business partner right for you?
Starting a business is a big step when investing in your future, that’s why you want to take every right step along your journey. People often find that their journey can be eased by having a business partner by their side to provide unique skills and cut down on...
5 things property inspectors can miss
Everyone who's experienced in looking at real estate knows they’ll need an inspection. A perfect inspector will be able to tell you every flaw and danger on a property allowing you to reconsider your investment. But, inspectors are only human, and that could mean...