A business partnership can be very useful. You and your partner can share the financial responsibilities, the liabilities, the recruitment process and other burdens associated with running your company. That being said, a business partnership can become burdensome if...
The business world is notoriously competitive and successful companies generally have unique products, services and skills that they can provide, as a result. In your company’s case, you may rely on unique methods, technologies, processes or recipes to maintain its...
Business decisions can sometimes be unpopular with stakeholders, especially if the decisions made are particularly risky or controversial. This can potentially lead to lawsuits against the company’s board of directors – even when the board has not violated any laws or...
The business world is notoriously competitive, with rivals constantly seeking to secure an advantage. Nonetheless, companies are legally prohibited from engaging in certain unfair practices that aim to cause harm to competitors. One example of such tactics is referred...
Shareholders are legal entities or individuals who have registered shares in either private or public corporations. Despite having a financial interest in a company, most shareholders generally have little to do with the day-to-day business operations. If the company...
The structure of corporations can be complex, particularly when the business is significant in scale. There may be several key shareholders who own a stake in the company. However, not all shareholders are necessarily involved in the day-to-day decision making of the...
As an entrepreneur, you're adept at balancing your budget and managing the financial health of your small business. But have you considered how macroeconomic issues, like the U.S. federal debt ceiling standoff, might impact your business? For those unfamiliar with the...
With advancing technology in recent decades, many business transactions are carried out online with the click of a button. This approach has the advantage of ensuring that transactions progress almost seamlessly. The downside is that parties to agreements may bypass...
A functional business has many moving parts. High-level management, supervisors and other staff all have unique roles to play. Monitoring multiple staff members, particularly if your business is sizable, can be tricky. A human resources (HR) department is something...
Having a business partner on your side who shares your vision and goals for your company can be extremely beneficial. You also need a business partner who you can trust, particularly with the company’s reputation and with money. Unfortunately, some business...
