Has it always been your dream to be a business owner? Have you spent years or decades working for yourself and only dreaming about starting your own company? If it’s finally time for you to start, you need to ask yourself some important questions first. Start here: Is...
Tips to reduce the risk of a construction defect claim
If you have been in the construction industry for a while, you will know that not every building turns out precisely as planned. While some variations are minor and could even add character, those paying for the work may view some as defects. If they are upset enough,...
Construction contracts provide valuable information
Individuals who hire a contractor want to ensure that the project they’re paying for is done properly. The contractor wants to ensure that they’re being compensated appropriately. A construction contract can help keep both sides of the matter protected. While these...
Business location still matters. Here’s why.
When starting a business in the modern era, some people say that the idea that location matters is outdated. They point out that many consumers find businesses online, so they don’t need to stumble upon them in real life, and that many online sales just involve...
What should you include in your employment contracts?
If you built your business from the ground up, chances are good that you only had a handful of employees at first. Many of them may have been part of your family or broader social network, which meant you felt comfortable relying on verbal contracts or using...
What are the riskiest business ventures?
They say that you should do what you love. But, if you’re thinking about starting a business, is that always wise advice? It may be, but there are downsides. One is stability. You have to consider how risky the type of business you want to start really is, and you...
Can your partner’s divorce affect your business? Yes
You and your business partner grew your Massachusetts company together. Now, your partner and spouse are divorcing. It’s a sad time, but the business shouldn’t be affected. Or will it? Unless you and your partner previously made written provisions to address a divorce...
How to find the right business partner
Your chances of success when starting a new business may hinge on who you pick as your business partner. You know that you want to bring someone else in, but you also know that a mistake at this stage could handicap the business from day one. How do you find the right...
Do you have a plan ready to pass on ownership of your business?
If you have invested significant amounts of your own time, money and mental energy in the creation of a business, you likely feel significant pride in your achievement. Some people even compare a company they built to their children. It's common for people to want to...
The benefits a company can receive from nondisclosure agreements
Employment contracts can help your company protect itself from the unethical behaviors of current and former staff members by placing specific limits and rules on what they do with information that they learn while working at your company. Nondisclosure agreements are...
