When you work with a business partner, you should know how either of you may make your departure from the business. With a well-defined buy-sell agreement, you and your partner can arrange the details for how each of you may buy out the other partner’s interest and...
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Leveraging negotiation to improve your contracts
Contract negotiation is just the beginning of new relationships for your business. Employing the best strategies can help you leverage this opportunity to your benefit. Negotiation is a skill that requires critical thinking, communication and reasoning skills....
Can effective communication increase employee loyalty?
Your employees provide the heart and soul to your company's success. Even better, loyal employees share your vision for the future and find pride in contributing their skills and strengths to achieving company initiatives. Effective communication may foster feelings...
3 Reasons why someone may need a business law attorney
If you are starting a business and you have not considered the legalities or administrative tasks that you will need to cover, now is the time to begin. Without a doubt, these are major components of business management that you will need to dedicate an adequate...
Do you need to go straight to litigation?
As a business owner, it is in your best interest to handle disputes quickly and carefully. Many business owners make the mistake of believing this means avoiding disputes entirely. But if you make that your goal, you set yourself up for failure. Instead of focusing on...
An employment contract should benefit both you and your employee
As an employer, you want to provide an appropriate work environment for a new hire, but you also want to protect yourself and your company. To this end, an employment contract contains more specifics than an employment agreement and can better define the...
Who should succeed you as owner of your business?
Crafting a business succession plan gives your company a better chance of continuing on once you decide to step down or if for some unforeseen reason you cannot serve any longer as owner. Picking someone to take over for you will be a vital component of your...
Using communication to reduce your risks of contract disputes
Operating a business in Kentucky means the opportunity to interact with lots of other industry professionals. Preserving and strengthening business relationships is often supported through the use of a contract. Preventing contract disputes from undermining valuable...
Reverse mergers explained
A reverse merger happens when a private company that is usually smaller takes the steps necessary to acquire a company that has gone public. The use of the word "reverse" to describe these types of transactions refers to the fact that it is not as common to see a...
Why businesses structure themselves as LLCs
Individuals who decide to start their own business are faced with a multitude of decisions. In addition to having to decide what, exactly, the company is going to offer, entrepreneurs also have to decide what sort of structure they want to implement for their new...
