There are many benefits to running your business with a partner. It allows you to share the startup costs and workload with someone else. It can also be a way for two individuals with different skill sets to come together. While this can help them succeed, it may also cause them to fail.
Statesville construction companies face many types of lawsuits
Construction companies often have contracts with various entities including homeowners, suppliers, engineers, subcontractors and architects. Strict liability or negligence, breach of warranty or contract and suits alleging fraud are just some of the many types of lawsuits filed against contractors.
When are oral wills allowed in North Carolina?
There are situations in which a person can have a legally binding will that's not written. Nuncupative (oral) wills are allowed here in North Carolina if a person's death is imminent. That's why they're sometimes also referred to as deathbed wills.
What's involved in placing a lien to collect a debt?
As a business owner, you know there are few things worse than being owed money by another company that won't pay you. When efforts to collect what is owed you fail, one option you may want to consider is a lien on that company's assets. If you're successful in obtaining that, you have the right as a lien holder to sell those assets to recoup your money. Let's discuss what the process involves.
Understand the importance of a shareholders agreement
Divorces can happen to any married couple, even those who seem like they have it all. The reality is that no one really knows if a marriage will break down, and even with work, sometimes, they fall apart.
Dancers sued over stealing trade secrets, marketing plans
A North Carolina court has determined that a case may continue against dance instructors who left one studio to work at another. According to the studio that hired them, they brought the foreign dance instructors into the country under temporary work visas because of having extraordinary ability in the arts and athletics. The lawsuit states that the owners of Happy Dance spent time and money securing the work visas for two of their instructors on the understanding that the two would work for the Fred Astaire dance study the owners run.
Leasing commercial spaces: Get a good contract
In most cases, people looking to open a business start by renting a facility. Why? It's easier to get a rental property. You don't need as much capital, and you can save the funds you have for the things you need to keep your business running smoothly.
Having a partnership has benefits and downsides: Make a contract
Business partnerships are a great idea for people who want to expand or work with others in their field. Your business partnership might be a great way to get another person onboard with your ideas. Maybe your partner has the marketing experience while you're a financial guru. Whatever the situation is, business partnerships have a chance to help you in many ways.
Marriages and small businesses end for the same reasons
You may not think of your jointly-owned small business as a marriage, but, in many ways, that's exactly what it is.
What are compensatory damages after a contract breach?
A breach of contract can be frustrating and expensive; for business owners, it can also have a ripple effect as it makes it impossible to fill orders, business is lost and the company's reputation suffers.
