In business, a partnership is an arrangement in which two or more people agree to share profit and losses. There are several types of partnerships, including general partnerships, limited partnerships, and limited liability partnerships. Each type of partnership has its own advantages and disadvantages. So, which type of partnership is right for your business? Here are…
Deciding from a list of business structures isn’t the most ideal first step in business, but it is a necessary one. This decision can have significant financial and tax implications for your business, so it’s important to choose wisely. The most common types of business entities are sole proprietorships, partnerships, limited liability companies (LLCs), and…
More and more, CEOs are turning to Fractional General Counsel for help with strategic business decisions. Utilizing, a business lawyer in this manner is often overlooked. After all, CEOs have plenty of other advisors, from financial experts to marketing gurus. And, it is also true that many business lawyers understand the law, but they do…
There are many reasons why businesses choose to merge or acquire other businesses. Some reasons include: Business owners must carefully consider all of these factors before deciding to merge or acquire another company. The decision can be a complex one, but oftentimes the benefits of merging or acquiring another business outweigh the risks. 8 Reasons…
As a business owner, it’s important to have a solid understanding of the various types of small business contracts that you may need to use in the course of running your business. It’s important to have quality contracts in place to protect your interests. But what does it cost to have a lawyer draft these…