While inexpensive to set up, a general partnership, potentially saddles the partners with big personal liability. As your business grows, consider a business structure that limits liability for owners, such as a limited partnership, limited liability company or corporation. Pros and cons of a general partnership Here are some of the pros and cons to […]
As a small business owner, you face the risk of a lawsuit every day. It can cost money, time, your reputation and cause stress. Lawsuits can also put some companies out of business. It may not be possible to avoid every legal claim against your business, but it’s important to limit your risk of a […]
There are some cases where a party is legally excused from performing its contractual obligations. This can happen when a contract becomes impossible to perform due to unforeseen circumstances. Other times, contracts can be rescinded in cases of fraud or misrepresentation. If an issue has arisen that might affect your ability to fulfill your duties […]