Forming a company by establishing a business partnership can be a clever decision. A successful partnership takes the pressure off of both of the people investing in the organization. Both partners bring resources and unique professional skills to the organization...
Business contracts help to establish clear arrangements for continuous organizational operations. Contracts ensure the timely delivery of raw materials or the availability of staffing through an agency. They can prevent certain kinds of misconduct, like the misuse of...
Choosing the right business structure is crucial for any entrepreneur, and a Limited Liability Company (LLC) is a popular option. An LLC blends elements of both sole proprietorship/partnership and corporate structures, offering distinct advantages. With that being...
Creating a partnership agreement is an essential step for any business venture. A partnership agreement outlines the terms and conditions governing the relationship between partners and ensures everyone is on the same page. However, not all partnership agreements are...
Starting and running a new business does not come without a fair share of risk. For example, you probably put your financial security at risk by placing your savings into your operations. Risk can serve as a gateway to future prosperity, but it remains wise to limit...
New business partners sometimes decide not to create a partnership agreement because they each feel like bringing up the whole idea may make the other person think that there is a lack of trust between them. They don’t want to start the company with that perception,...
As a business owner, something you don’t like to deal with is the collection of past-due debts. When customers don’t pay, it can put a strain on your own finances and may affect your business. If you want to collect, it’s important that you know the right laws and...
If you are looking to start a business in Wisconsin one of the key factors you should consider is location. One of the more obvious factors when choosing location depends on whom or what your business caters too. However, it’s also a great idea to look at the growth...
Starting a brand new business can be a risky venture, especially if you have never done it before. Did you know that 50% of small businesses fail within the first 5 years of operation? Thus, it’s important to do certain things to ensure that your business is a...
