A joint venture and a partnership are each made when two or more parties want to join the same team. Their purposes vary from businesses wanting to attract more customers to wanting to increase profits. In addition to obvious similarities, there are numerous...
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Month: December 2022
The importance of due diligence in acquisitions in Texas
Whenever you invest in a property or a business, it's essential to do your due diligence. And if you're thinking of acquiring a business in Texas, study the company, look at its financials, and make sure the acquisition is a good fit for you or your organization. Here...
Is it better to start a business or buy an existing company?
Entrepreneurship is on the rise in America. According to the US Census Bureau, more than 4 million new businesses are started each year. In Texas alone, there are currently 3.1 million small businesses, and they employ more than 45% of the private workforce in the...
Do you need a trade partnership agreement?
Every new business project, partner, or venture requires an individual agreement. Contracts ensure that all parties have the same goals and understand their roles and responsibilities. An enforceable contract also protects the entities involved. A trading partner...
