People form business partnerships with the hopes of achieving common goals and shared success. However, not all partnerships stand the test of time. According to the Harvard Business Review, 28 million people dissolved business partnerships in 2020. There are...
Business Litigation
3 reasons business partners may end up fighting in court
People who start a business together as partners generally share the same priorities. They want to develop a specific type of company and make it as profitable as possible. They will typically agree to a specific division of financial and practical responsibilities...
How can you avoid a business dispute with your partner?
Most people enter business partnerships with high hopes and ambitions. Unfortunately, collaborating with another person does not always go according to plan. Maintaining a healthy relationship with your business partner requires you to utilize various strategies to...
Shareholder motivations for taking legal action against a company
Shareholders who have invested in a business have a financial interest in seeing it succeed. Their chance of receiving dividends or making a profit when they resell their stock depends on the company's performance. In general, shareholders take steps that they believe...
When can you sue someone for fraudulent misrepresentation?
As a business owner, you rely on contracts with vendors, clients, employees, independent contractors, landlords and more. If someone violates the terms of a contract and causes harm to your business, you can sue them for breach of contract. They can do the same if you...
3 reasons to create a business partnership dissolution plan
Some business partnerships endure for decades. Other times, one partner decides to exit, or a dispute erupts in which partnership dissolution is the only remedy. Regardless of how large or successful a business is, ending a partnership works best if you already have a...
How to avoid disputes with your business partner
Business partnerships are successful when involved parties are on the same page and have the best interest of the business. Many entrepreneurs choose the partnership structure due to its numerous benefits. However, since you and your partner may be different, disputes...
Your options for non-paying clients
If you are lucky, your business will have many long-term, reliable clients. Unfortunately, not all clients will fit this description. When you have a client who refuses to pay, you have a few options. Learning the options you have can help you handle the situation....
Why might your business partner feel aggrieved?
Many business owners start their business small before building up a team. While every member of your team is important, if you have a business partner, this individual is likely pivotal to the success of your company. While you and your business partner may have...
Why do you need to keep the end in sight in a business dispute?
If you do business with enough people or companies, there will likely come a time when a dispute arises. Unfortunately, it is human nature that people will not always agree. That is why ensuring you have strong contracts in place with employees, vendors and more is...