A significant percentage of established companies allow other business owners to use their brand (name and idea). Franchising offers numerous benefits for start-ups, especially those entering highly competitive industries. However, disputes between the franchisor and...
California employers have had to keep up with a host of new laws in recent years that have limited the contractual restrictions they can place on their employees. For example, non-disclosure agreements (NDAs) can no longer be used to prevent employees from going...
Business partnerships are often formed with the best intentions, aiming to leverage each other’s strengths and achieve mutual success. However, there may come a time when a business partnership no longer serves its intended purpose. When faced with such a situation,...
When it comes to selling a business, owners should avoid several critical mistakes to maximize their chances of success. Selling a business is a complex process that requires careful planning, strategy and attention to detail. Here are some common mistakes to avoid....
Getting into a business with a like-minded person can be rewarding in a number of ways. It can also be a stressful experience, especially if one party is not living up to their end of the deal. A breach of business partnership responsibilities is not uncommon. When a...
A significant percentage of established businesses have partners, and the same continues to be seen in startups. This is because partnerships offer significant benefits. However, a time may come when a partnership is no longer working, in which case, one may choose...
People going into business together expect their partnership to last for years. However, most of them, about 70% in total, eventually break up. Many situations contribute to business partnership failures. Below are five common reasons for this phenomenon. 1. Constant...
If you are in a business partnership, assets covered by the partnership contract cannot and should never be taken without the approval of all the partners. Unfortunately, it is not uncommon for a partner to fail to live up to their fiduciary obligation to the...
As an entrepreneur, you’re always on the lookout for your next business venture. There are numerous options for you to choose from, and something you have been considering recently is a franchise. Getting involved in a franchise saves you from having to start...
You started a business that has done very well. You and your business partner each invested $100,000 in it to get it off the ground, but it’s now a multi-million dollar business. You’re happy with the success, and you want to see just how far you can take things. Your...