As a sole owner, seeking out business partners is normal. It could contribute to your venture’s growth and expansion. However, most business partnerships could fail for varying reasons. Around 80% of partnerships fall apart, leading to damages that could be more...
In Texas, aspiring entrepreneurs must decide whether to start a business from the ground up or buy an existing one. Each path has its advantages and pitfalls, and understanding each option in more depth can help you better decide which suits your needs. By weighing...
With the ability to reach customers anywhere worldwide and operate 24/7, online businesses have disrupted traditional brick-and-mortar models. It has created new opportunities for entrepreneurs and consumers alike. Along with these new opportunities, new challenges in...
There are varying types of intellectual property (IP) that businesses need to protect. Sometimes, their owners could register them to formalize ownership, such as patents. However, some forms of IP do not require or allow registration, including trade secrets. By...
Small-business owners often work with suppliers or vendors to carry out projects and grow the company. But what if the supplier falls short of your expectations? Even a minor setback could disrupt daily operations and result in losses. Here are some steps you might...
Scaling a startup can be a daring move for most business owners. The process presents several uncertainties and inquiries, such as financing options and sourcing necessary funds. One viable option to consider may be expansion via mergers and acquisitions (M&As)....
An employee handbook is an essential tool for any Texas business, regardless of size or industry. It sets out the expectations and policies of the company; provides guidance to employees on key issues such as harassment, discrimination and safety; and helps to...
In starting any corporation, you must draft a formal set of rules and regulations that govern the company's day-to-day operations. Bylaws ensure the corporation adheres to a certain standard and that everyone knows their role in the company. A shareholders’ agreement...
Being the sole owner of a company can be incredibly challenging, and it will likely become more complex as your business grows. One way to address a growing company's demands is to bring in a partner as a co-owner. Such a strategy can affect your business in several...
Mediation provides an opportunity to settle business disputes without hiring a lawyer. During this process, the parties involved discuss the dispute and, with the help of a neutral mediator, work together to come up with a satisfactory solution. There are situations,...
