Running a business can be complex and it requires looking to the future. Many business owners get caught up in the moment and don’t even think about an exit strategy. Nonetheless, an exit strategy from your business is important, as it offers stability for key...
Business Consulting & Advice
Business best practices for contracting with vendors
Running a business involves forming corporate relationships with numerous different entities. Many companies rely on vendors, who can supply the required components to ensure customer transactions run smoothly. Working with an external party involves a level of trust...
Avoiding the pitfalls of contract-to-hire situations in your business
As a business owner, you play an important role in the success of your company. However, you don’t act alone. The team around you contributes, and you’re always looking to get the best available talent. The roles in your organization vary. You have senior and...
How can you weather the storm as other businesses fail?
While running your own company can be very lucrative, it is by no means easy. Sadly, the number of corporate bankruptcies are currently at record levels. More than 230 companies declared bankruptcy between January and April 2023. There are no guarantees or risk-free...
Does my business need an employee handbook?
The success of your company likely depends on your employees. Ideally, you want to instill your core business ethics, objectives and rules into each worker. You can do this orally, but it is much better to have everything in writing. Why your business should have an...
What are the advantages to hiring a business lawyer for my company?
Running a business does not mean you have to do it all yourself. Often it is better and more efficient to bring in outside help. One area where this is especially true is the legal arena. As a business owner, you need to know about and comply with a wide range of...
What should I look for when hiring a business lawyer?
There are numerous factors to consider when running a business. As a business owner, it is not possible to do everything on your own and taking shortcuts will only cause problems down the road. Having an experienced business lawyer on your side is an important aspect...
Why and how should I protect my assets from risks?
While turning a profit is pivotal to the success of a company, this is not the only factor that needs to be considered. As a business owner, you want to make a distinction between your business and personal assets, so that you limit your personal risk if (when) there...
Why should I have a business succession plan?
Structure is key for most successful companies. Owners, directors, management and employees all play their own unique roles in hitting targets and objectives. Another fundamental aspect of a well-run company is stability. Staff, stakeholders and consumers need to have...
How will a corporate merger affect my business shareholders?
There are many directions a company can take to expand its operations. Often, two companies opt to combine into one legal entity, joining forces. This is commonly referred to as a merger. Done properly, a merger offers potential advantages through pooled resources and...