Starting a business is a complex process where business relationships, partnerships, legal and tax issues must be taken into account. When two or more people enter into a business relationship, they each bring
Many business owners sign contracts without thinking twice. They order supplies, contract. They hire a subcontractor, contract. They lease a vehicle, contract. They provide a service, contract. They rent office space, contract. Contracts
A Limited Liability Company is an excellent and flexible way to structure a small business, but because everyone's business and personal situation is unique, it may or may not be the right structure
The Equal Employment Opportunity Commission (EEOC) announced last week that 11 of its 53 offices across the country will begin a pilot program called “ACT Digital” to digitally transmit Charges of Discrimination and related
May 4 - 8, 2015 is National Small Business Week. According to the U.S. Small Business Administration, Small Business Week has been recognized every year since 1963. This week “recognizes the critical contributions
1. What is a Limited Liability Company? A limited liability company or “LLC” is a business entity that is designed to offer co-owners of a business who make a proper filing with the
When buying or selling a business there are a number of issues to consider and ultimately resolve in order to ensure that both parties receive what they have bargained for and to make
If you are Men’s Wearhouse, Inc, the answer is a big fat NO! Earlier this week, rival company Jos. A. Bank Clothiers, Inc. offered Men’s Wearhouse $2.3 billion to buy them out. Men’s
One of the most important considerations in a Buy-Sell Agreement is the valuation method to determine the price at which a business owner may, or is required, to purchase the departing owner’s interest.
In my previous blog post entitled Protect Your Virginia Business with a Buy-Sell Agreement, I wrote in depth about the three essential terms of a buy-sell agreement. I coined the second element as
