Winning Strategies, Proven Success
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...
Employment litigation can be initiated by workers making a claim against a business. Other times, employers may need to take legal action against current or former employees for conduct that violates an employment contract. For example, a worker who recently left...
Business litigation sometimes involves partners fighting about the future of the organization. Other times, employees might sue due to a violation of their wage rights. Occasionally, shareholders or other concerned parties may take legal action to address misconduct...
Shareholder disputes can be particularly disruptive in closely held corporations. This includes situations where ownership is limited to a small group of individuals and relationships often overlap between business and personal spheres. Unfortunately, internal...