There are many different types of business structures that entrepreneurs in Nevada can choose to take advantage of when starting their own organizations. Each comes with unique benefits and drawbacks based on someone’s business model and the scope of the operations...
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Business Law
3 employment regulations that companies may accidentally violate
Especially when a company has employees, proactive adherence to state and federal business laws is generally crucial for a company's liability mitigation strategy and to its potential for success as a whole. Violations of employment laws might lead to not just...
The consequences of not having a business succession plan
Benjamin Franklin is credited with saying, “If you fail to plan, you are planning to fail”. That especially holds true for business owners. Unless you have a succession plan in place, you may be setting your company up to fail after you leave. Here is why it is...
A due diligence checklist when acquiring a business
Thinking of acquiring a business? Whether it’s a stock transaction, asset transaction or a merger, acquiring a business may be a great idea if you only do your homework. When you invest or merge with another business, you can benefit from the already established...
How can you prevent contract disputes or handle those that arise?
Signing contracts is just part of doing business. You need a written record of your agreements with other people, whether you just hired a new human resources specialist or made arrangements with a vendor that will supply you with rare produce for specialty desserts....
Don’t overlook these signs of a bad business partner
When you and your partner decided to work together, you had a similar vision for the future. You knew what you wanted from your company and had many ideas for how you would get there. For many partnerships, there can be tension in the relationship after the newness...
How do attorneys help small businesses?
The primary objective of someone operating a small business is often to keep costs as low as possible until the company starts generating a predictable amount of revenue. That may mean forgoing professional support which would be ideal but doesn't seem strictly...
Should your business contracts include an ADR clause?
Alternative Dispute Resolution, or ADR, is a way of resolving conflicts outside litigation. An ADR clause requires parties to use collaborative methods, including negotiation or mediation, before litigating a dispute, whether you have contracts with partners, vendors...
4 strategies that may help you avoid a business dispute
Business partners, ideally, complement each other with different strengths. However, sometimes, other types of differences emerge – perhaps in growth strategy or culture – potentially leading to partnership disputes. You do not want to start a business only to learn...
When a client pays late or not at all for business services
Serving your market means serving your clients. This is an essential part of any business. But what happens if those clients do not pay for your services on time or at all? Ideally, this should not happen, but it often does. By signing a contract with you, the client...