In an efficient business partnership, the partners complement each other’s strengths and compensate for each other’s weaknesses. Together, the partners are able to accomplish more than they could alone.
There are many perks to being a business owner, but you must always be vigilant for legal mistakes that could make your company vulnerable to lawsuits. A lawsuit against your small business has the potential to destroy not only the company but your personal finances as well.
When starting a business in Connecticut, one of the most overlooked issues is how to structure the business. The business entity that you choose will have a profound impact on your rights and responsibilities as a business owner.
If you are like many people, you see business ownership as a means of determining your own destiny and creating a legacy. A family business can be a great way to ensure that you get to work with your loved ones on business ideas that you feel passionate about.
If you are ready to become a business owner, one option you may be considering is buying a franchise. Purchasing a franchise location of an existing company is a great way to start your journey into business ownership.
A noncompete agreement, also called a “covenant not to compete,” is a contract that business owners often ask their employees to sign upon employment. Many people underestimate just how important this particular type of contract can be.
Although more and more companies are conducting business virtually these days, the location you choose for your business can have significant consequences. Your location has the potential to literally make or break your business.