The decision to purchase an existing business rather than building up your own from scratch is a difficult one. It involves a considerable investment, and there are many things that could go wrong. Here are a few things for you to consider before you finalize the...
St. Louis Business Law And General Practice Attorneys
Maximizing The Power Of Partnerships™
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What’s the duty to mitigate damages in a contract breach?
When a breach of contract occurs, the non-breaching party has a duty to mitigate their losses, and that responsibility cannot be ignored. In other words, even though a party did nothing to cause the breach, they still have an obligation to try to minimize the fallout...
Why you need an employee handbook
Does your business have an employee handbook? Creating an employee handbook is one of things many forget to add on the "to-do" list when starting a company. While it might seem less important than spending your time acquiring clients or well-serving the ones you...
Four reasons to think carefully about your business structure
A great idea is key to any successful business, but there is more to success than just that great idea. Your choice of business structure can also affect the business trajectory, especially if your plans include long-term growth. Limited liability company,...
Regulations that kick in once your company reaches 50 employees
There’s a lot of work that goes into developing and guiding the growth of a company. Every stage of the process brings new challenges to overcome. If you are nearing the threshold of employing 50 or more people, there are a few federal laws and regulations that will...
Ideas for including your business in your estate plan
If you’re like most business owners, your ownership interest in your company is far and away one of the most valuable things you own. When you have multiple children or other beneficiaries, you may choose to leave them each a roughly equal portion of your estate,...
How should my business handle a contract dispute?
As a business owner, you manage many important duties to keep your business operating successfully. You face challenges in this effort and one common one is dealing with contract disputes – whether with a vendor, supplier or another business with which you have a...
Don’t end your business partnership without a dissolution agreement
For whatever reason, you and your partner have decided that it’s time to end your business partnership. You may be tempted to handle the dissolution informally to save time and money. Not so fast. There are some serious benefits for you and your partner achieved...
5 tips for buying a business
Many people dream of becoming an entrepreneur by starting their own business. Others see the alternative of buying an existing company to be a better approach. Given a track record to review, purchasing an existing company is typically a safer and faster route to...