You come up with the perfect name for your new business. You know that it's going to help with your branding, it describes your mission very well and you get your business partner to sign off on it. Then you do a quick search to see if that business already exists,...
Year: 2022
Can you break your commercial lease if it’s a bad location?
When you first saw the commercial space, you thought it would be perfect for your business. You also thought the location would be pretty good and you'd get enough traffic to make it work. You signed a lease for three years, but you're only a year in, and you can...
Mistakes to avoid as a new business owner
Opening a business, hiring your first employees and making money is exciting. As a new business owner, you have a lot going on. Unfortunately, if you aren’t careful, you may make mistakes that cost you in the long run. If you want to give your business the best...
Commercial real estate transactions and the purchase agreement
Are you planning to purchase commercial real estate? If so, you know this is not only a significant investment but that it requires quite a bit of documentation to ensure everything is legal and finalized. Part of the required documentation is the purchase and sales...
Knowing when to pursue a business idea
You’ve been working for someone else for several years now. You’ve picked up valuable skills and gained experience, but you’ve always felt a yearning to form your own company. An idea has recently sprung to mind, and you’re sure this is your eureka moment. But how do...
Signs that a real estate agent is lying to you
If you’re in the process of acquiring a new property, then you’re most likely going to have to deal with a real estate agent at some point. These are licensed professionals who oversee the purchase and sale of real estate. The sums of money involved in real estate...
What if you build on the wrong lot?
You buy an empty lot for the construction of a residential home or a new business. Then you hire a construction company to do the job for you. You're busy and you often travel overseas for work, so you're not around to oversee the entire project. That's why you're so...
How can you offset the cost of starting a new business?
You have a great idea, and you know that it's going to work. The problem is just that you don't have the money on hand to start that business. How can you offset some of these costs so that you can still get your company off the ground and build it into the successful...
What should go into a partnership agreement?
One way to start a business, if you're not interested in running a sole proprietorship by yourself, is to start a partnership. You work with one other individual and you start the business as co-owners. When doing this, it is important to have a partnership agreement...
Why are contingencies crucial when buying real estate?
Before you purchase a home, you want to ensure it meets all the necessary criteria. You can do some of this in the search and viewing stage. For example, if you need a place with three bedrooms, you filter out those with only two. Yet not all criteria are so easily...