Two different companies coming together into a single entity can mean different things. You may have heard about businesses merging or one company acquiring the other. If you are a business owner, you should know that mergers and acquisitions are not the same. Depending on how your business combines with a second company, you may...
Closing a business is unfortunately often as complex as opening one. Legal and financial implications exist, and it goes far beyond simply stopping production and putting a closed sign on the door. Dissolving a business is one good option for people. But what is it, and what does it do? Steps to dissolve a business...
Business owners are aware that litigation has a variety of downsides. Not only is litigation expensive, but it can also ruin valuable relationships. While dispute is an inevitability with business, litigation does not have to be. The most common varieties of alternative dispute resolution is mediation and arbitration. According to FindLaw, mediation is generally non-binding,...
If you are starting a business with someone else, or if you have decided to bring on a partner to your existing company, this is a big decision that can be a great move. Having a partner can be beneficial in many ways, such as sharing liabilities, dividing the workload and having a soundboard for...
As a business owner, one of your most important jobs is to grow your business connections. This is what keeps you going, what keeps the name of your business fresh in people’s minds and what brings old clients back again and again. As such, a disruption like a business dispute could potentially create big ripples...
Closing a North Dakota business typically has legal and financial implications. Putting up a closed sign and ceasing operations is only one side of the equation. If your company has fulfilled its purpose, you want to retire but have no buyer, or there is no need to stay open, dissolving it is a simple way...
Having business contracts is a fantastic way to clarify expectations and acknowledge responsibilities. Given the weight of many business-specific agreements, having details recorded in a formal legal document can protect your company against unfounded legal claims. While the process of developing a contract involves many steps, negotiation is perhaps the most important. Knowing how to...
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