Winning Strategies, Proven Success
Partnership disputes can be very complicated and contentious. They sometimes lead to litigation between business partners, and they can have a long-term impact on the company itself. One way to avoid these disputes is to write a partnership agreement in advance. You...
Business bankruptcy can help a company reorganize or wind down in an orderly way, but the process requires full transparency. When financial records are incomplete or information is withheld, the risk of fraud allegations increases. The U.S. Trustee Program notes...
A sexual harassment claim from an employee can be a big problem when you run a company. Whether it involves you personally or is related to something that one of your employees is alleged to have done to a colleague, these cases have the potential to be highly...
Having an established personal relationship with someone might seem like a good reason to go into business together. You might imagine that starting something with a close friend is a much safer option than doing so with someone you don’t know well. While some friends...
The rules pertaining to collection efforts are substantially different depending on the nature of the debt at issue. Collection procedures are dramatically different in cases where the party in debt is a business rather than an individual. Frequently, collecting from...
A fiduciary duty is the highest level of legal obligation imposed by the law. Certain professionals have a fiduciary duty to their clients, such as attorneys. People involved in business operations may also have a fiduciary duty. Executives helping run businesses have...
Companies may conduct layoffs for a number of reasons. Mergers and acquisitions often create redundancies, making a staff reduction necessary. Layoffs are also common during business bankruptcy and restructuring efforts. Reducing the workforce at the company can help...
When many people hear that a business has declared bankruptcy, their assumption is that this is the end of the business. The bankruptcy filing is the last step, and the business is now going to close. The financial issues it was facing meant that it was no longer a...
Shareholders play an important role at any publicly-traded business. They purchase stock, often when the company needs capital, which gives them an interest in the company. They attend shareholder meetings where they discuss the future of the company. They may vote on...
Collecting a debt from another organization can be a challenge. In some cases, business leaders choose to file for bankruptcy to avoid financial responsibility. The automatic stay provided when an organization files for bankruptcy can prevent creditors from pursuing...