Business Law

Earnest money is a great way to let a seller know your interest in a property. It is like a promise that you will buy. Putting down this money is not a requirement, but if it is a seller's market, then it can go a long way toward helping you get the home you want....

If you want to start a business, there is a good chance you are thinking about taking on a partner. Having a business partner can help with start-up costs, reduce individual liabilities and divide the work responsibilities. However, not every partnership is...

Both the federal government and Oregon have guidelines for determining the differences between a business and a hobby. The classification of your income-earning activity affects which tax form you should fill out and whether you can take certain deductions. Not for...

All debts have a timeline of when they're enforceable in Oregon. Creditors can use the courts to force payment during that period. The statute of limitations is different depending on which type of debt it is. Types of debt include an open-ended account, promissory...

Entrepreneurs in Oregon and around the country have traditionally formed corporations to limit their liability and protect their personal assets, but limited liability companies have become extremely popular in recent years. An LLC provides the same asset protection...

Contracts are signed every day in Oregon, and many of them include a right of rescission that can be used shortly after the contract is signed. Other contracts may be rescinded if there is sufficient evidence to prove that the agreement was invalid. What is...

Residents of Aloha and other nearby areas in Oregon may want to learn more about the settlement of a lawsuit that charged the former Cleveland Indians with trademark infringement. The new name for the Cleveland Indians is "Guardians," but a local roller derby team...

Business owners in Oregon sign all different types of contracts with other companies that they work with. Contracts are meant to establish the responsibilities of multiple parties and provide legal remedies if things go wrong. If one party in a contract decides that...

Each year in Oregon, many people start new businesses. Others choose to purchase existing businesses so that they can operate their own companies without having to start from scratch. However, purchasing an existing business requires multiple steps to prevent things...

Selling your Oregon small business can be an effective way to secure your financial future. However, there are many steps that you'll need to take before a transaction is finalized to ensure that you get a favorable deal. For instance, it is generally in your best...