Small businesses make a huge contribution to the U.S. economy. Nevertheless, starting a new business is risky. Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. [...]
An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests. Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the integrity and value of the non-transferring members’ membership interests. [...]
All successful businesses do their best to save money, improve efficiency, and increase profits when and wherever possible. This is especially necessary for small businesses on a tight budget. While there are numerous ways to save money, these eight cost-saving measures are among the easiest to implement: Bargain. Bargaining with [...]
A valid contract requires consideration. What is consideration? This video explores what is and what is not consideration.
I help you understand what is and what is not an offer when it comes to a contract.
One question I've been asked is, "How can I protect myself against difficult customers?" Click the button below to schedule a consultation! CONSULTATION Boilerplate Contracts Are Almost Worthless A client contacted me about a couple difficult clients they were having trouble with, she wanted to know if she [...]
One of the fundamental building blocks of a business is the contract. Almost everything in business is based on the contract. Ask any attorney and they can recite the basic elements of a contract: offer, acceptance, and consideration. It's too bad that's not all there is when it comes [...]