Starting a new business means taking total responsibility for an organization's development and future. It also means that the aspiring entrepreneur has to make some very challenging choices and engage in very thorough planning. Someone who is hoping to start a...
Year: 2023
3 of the most common reasons why workers sue their employers
Every new hire can significantly benefit an organization. The right salesperson could bring in a huge amount of revenue, while an executive might help with a rebranding effort that changes a company for the better. Unfortunately, workers are also potential sources of...
3 types of restrictive covenants that Utah employers utilize
Companies have to protect themselves from inappropriate conduct from others, as well as unfair competition. One of the ways they do so is through carefully-negotiated contracts. Employment contracts can help significantly reduce the liability that a company risks when...
What should be included in a partnership agreement?
When two aspiring business owners decide to work together, they can benefit from crafting a partnership agreement. It’s best to have a written contract to refer to in the future, which can help to avoid disputes and clarify key rights and responsibilities that can be...
How Chapter 11 bankruptcy helps struggling small businesses
When an entrepreneur starts a small business or someone takes over an existing company, they tend to invest quite a bit of their time and resources in the creation and development of the company. They may also take on certain risks, including personal responsibility...
How can organizations tackle challenging contract disputes?
Contract disputes often start small, possibly due to delays in product delivery. However, they can quickly spiral out of control. Attempting to resolve a contractual matter in civil court can result in additional lengthy delays during which the issue in question...
What happens to a commercial lease during business bankruptcy?
Businesses are under constant pressure to generate revenue. Only a few weeks of decreased sales might prevent an organization from meeting its financial responsibilities. Businesses have numerous recurring expenses they have to cover to continue operating. They have...
Potential reasons for a business bankruptcy
There are many reasons why businesses fail, and it can be a complex mix of factors that ultimately lead to their downfall. This doesn’t mean that the business owner has even made a mistake. Sometimes, factors that influence bankruptcy are completely out of their...
Top reasons that businesses face bankruptcy
When businesses face bankruptcy, people sometimes assume that it’s because the business owner must have made poor financial decisions. Maybe they invested too much of their money without any return. Perhaps they took out ill-advised business loans with high-interest...
3 ways to resolve a serious dispute between business partners
A business partnership is like any other relationship. One may start out strong and on a positive note before things slowly take a turn for the worse. One partner may stop putting in their full effort or may engage in misconduct that harms the business. There could...