It is impossible to remove risks when establishing a business partnership. In these situations, parties can use an agreement to formalize stakes and procedures while minimizing possible issues. Finalizing a partnership agreement can be lengthy, involving various...
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Business Law
The 3 potential risks of choosing the wrong business partner
Building a business is no small feat. Turning a small idea into a profitable enterprise takes time, effort, and determination. If you have reached the point where you need help to take your business to the next level, it might be time to consider finding a business...
Safeguarding your business against deceptive pricing allegations
Running a business requires a great deal of responsibility. Among the myriad considerations, ensuring fair and accurate pricing ranks high in maintaining a positive business reputation and compliance with the law. In Oregon, businesses are subject to consumer...
Spotting potential problems: red flags in a new business partner
Choosing a business partner is a decision that can significantly impact the success of a venture. This person will share in the triumphs and challenges that come with operating a business, and their actions and decisions can affect the business's direction. Therefore,...
What is a breach of contract?
When you want to buy a home or transact with another business for products and services, you may enter into a legal agreement or contract. Doing this protects your interests and sets out a framework for the terms and conditions of the arrangement. What happens when...
FAQs about business valuation
Whether you are getting your estate plan together or have thought about selling your Oregon business, the topic of business valuation has probably come up a time or two. If you are unsure where to start, here are some common questions about business valuation. What is...
How to handle issues with vendors
An issue with a vendor can easily turn into a bigger problem. You should take steps to handle the situation as soon as possible. The best course of action is to keep the lines of communication open as this is often enough to resolve any issues and prevent...
Pros and cons of having an LLC taxed as an S Corp
When you launch an Oregon business, you have options when it comes to how you incorporate it. Different business structures offer different benefits and drawbacks, and many people in your shoes find themselves wavering back and forth between establishing a limited...
3 ways an S corp is different from a C corp
S corporations are very similar to C corporations in terms of their setup and the protection they provide against personal liability for business debts. The main differences between the two are the tax advantages that an S corp offers, and even these are not as...
Should you set up your new firm as a limited liability company?
Perhaps you are ready to launch your new consulting firm and are contemplating different formats. If you want the most protection for your business, why not consider establishing it as a limited liability company (LLC)? Similar but different Many people consider the...