Business Law

Many people scoff at the idea of starting a business whose ultimate goal is not profit but social good. Nonprofit corporations have bylaws that mandate that they use any revenue they generate for specific purposes.  Some nonprofit organizations provide support to...

It feels fairly natural to choose a business partner who is similar to you. And, in some senses, this is what you want. You need someone who has the same goals and vision as you and someone who shares the same values. However, in a lot of ways, it's actually much...

Are you thinking about expanding your business operations into another state -- or maybe several other states? These days, that’s pretty normal, but you need to understand how foreign qualifications work. Pursuing growth opportunities across state lines It’s one thing...

All business organizations must choose the proper legal structure (or entity) before beginning their operations. For those new to the business world, this is a confusing concept. As such, they typically choose to incorporate without a full understanding of what it...

A limited liability corporation (LLC) can be a great way for new business owners to protect themselves. As the name implies, the formation of an LLC helps reduce how much personal liability someone has when starting a new business.  An LLC can shield them and their...

Many companies looking for specialized insight or training in a particular sector may hire consultants to aid them with a limited work product at a specific rate for a specified time. These individuals enter into consultant agreements to ensure that there isn't any...

Operating a business is a lucrative way to earn an income and secure your family’s future. Buying an existing business is often easier and less costly than starting a new operation entirely from scratch. However, not all companies can flourish in the current economic...

Mergers and acquisitions (M&As) are very much a part of doing business today. Companies with paired interests team up to be more competitive in their markets or to expand into new ones, and large companies are constantly looking for smaller ones to absorb for...

When you hear that a company is “going public,” it means that they are going to allow investors to buy shares. Up until that point, the business was privately owned. That doesn’t mean there weren’t investors, but they were private investors who were hand-picked. Now,...

Many small business owners determine that it is in their best interests to start an LLC, or a Limited Liability Company. These companies may consist of just a single person who was previously doing business under their own name, or they may have employees.  If you’re...