Category Archives: Business Law

Why should you have a formal partnership dissolution agreement?

By | May 13, 2008

If you have a business partnership with one or more persons and someone wants to leave the partnership, a formal agreement is truly necessary to protect everyone involved. The technical term for this type of agreement is a dissolution, which is the change in the relationship of the partners caused by any partner ceasing to be associated with… Read More »

When is a limited liability partnership agreement necessary?

By | May 13, 2008

As with a general partnership, a limited liability partnership requires an agreement so that each partner’s role, protections and expectations are clearly defined. The limited liability partnership (LLP) has been an ever-growing form of business organization in recent years. It protects a partnership in much the same way as a limited liability corporation protects the business. It is… Read More »

When should a partnership agreement be created?

By | May 13, 2008

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.

How can I correct errors on my credit report?

By | May 13, 2008

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.

When is a covenant not to compete warranted?

By | May 13, 2008

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 »

Protect your Business with Non-Disclosure and Confidentiality Agreements

By | May 12, 2008

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.

Accessing Corporate Law Forms Online to Incorporate your Business

By | May 9, 2008

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 »

Top Five Reasons to Use a Bill of Sale

By | May 7, 2008

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 »

Restructured IRS Helps Businesses

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 »

President Bush Signs the Omnibus Appropriations Bill for Fiscal Year 2005

By | January 14, 2005

In our recent e-mail magazine (which can be viewed at 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 »