A partnership is created when two or more individuals decide to form a business or enter an endeavor together. The partnership agreement is meant to clearly define the terms of the partnership, clarifying the responsibilities and benefits for each partner.
Throughout our lives, banks, lenders, landlords, insurance companies, stores, and often employers, gather information about our credit for one reason or another. Due to the abuses of reporting by various agencies (or simply human error), Congress, in 1970, passed the Fair Credit Reporting Act as part of the Consumer Credit Protection Act.
You’ve had a partner or employee for years who has learned every secret of your business. You find that they now wish to move on and work in another organization or develop another business of their own, or you’ve recently bought a business and you are now worried the former owner will set up shop down the block.… Read More »
Are your concerned about your business’ trade secrets or intellectual property? If so, you can take advantage of special agreements designed to prohibit the disclosure of companies’ most vital and sensitive information. The two types of labor forms most commonly used by businesses to protect their confidential information are Non-Disclosure Agreements and Confidentiality Agreements.
If you are preparing to open a stock corporation, you must complete and file Articles of Incorporation or a Certificate of Incorporation, depending on your state. These are the documents that once approved by your state, result in your business’ incorporation. Articles of Incorporation contain basic information and facts about your business that are required for registering your… Read More »
Regardless of what type of property or item you are about to sell or buy, you should insist that a Bill of Sale is used to finalize the transaction. A Bill of Sale Form that is compliant with your state’s laws is the only way both parties in a transaction can feel 100% secure about the terms of… Read More »
SMALL BUSINESS CAN CELEBRATE IRS RESTRUCTURING. With the recent passage of the IRS Restructuring and Reform Act of 1998, many new taxpayer rights provisions now allow businesses to function more smoothly despite IRS audit or collection efforts. The new law expands, clarifies, and fine-tunes many of the most significant small-business oriented provisions in the Taxpayer Relief Act of… Read More »
In our recent e-mail magazine (which can be viewed at www.visaserve.com) it was reported that Congress passed the Omnibus Appropriations Bill for Fiscal Year 2005. On December 8th, 2004, President Bush signed the consolidated spending package containing numerous business immigration-related measures. The most salient of the provisions of the Bill make significant changes to the present H-1B and… Read More »
The dot-coms’ demise has filled the news recently. Every day brings new reports of layoffs, CEO resignations and, inevitably, bankruptcies and liquidations. Those who never forgot that profits, a positive bottom line and a business plan really do matter may simply shrug, “Too bad!” Perhaps it’s as natural to dance on the hoods of repossessed Porsches of twenty-something… Read More »
Article written based on California Law As small business owners are well aware, we live in a time where anyone who feels that they have been wronged files a lawsuit. Now, more than ever, it is important that small businesses examine their options to determine the correct type of business entity in which to operate. Choosing the right… Read More »