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Many business owners’ worst fear is losing their home or their money in a lawsuit. For this reason, they incorporate their businesses. If you're the owner of a corporation or other business entity, your personal assets are generally safe from legal action against the company because the entity is considered a separate legal person that will be liable for its own actions. A lot of things have to go wrong before your Read More

Relationships are critical in business, especially when it comes to your co-owners or partners. It is crucial to place your trust in people who will work hard, bring complementary skills to the table, and keep up with their responsibilities to your business—and it's equally important to have a contingency plan in case anything should happen to your partners. A buy-sell agreement is intended to clearly spell out your Read More

Business Licenses, when you have a booming business concept, a location in mind, and a plan of action all lined up. What's next? Before you start putting your vision in motion, you'll need to make sure your business can legally operate within your city and state. That means applying for the right licenses and permits. Check this quick guide for an overview of the licenses and permits you'll need to get started—and Read More

Can you keep a secret? When your company has confidential information that needs to stay in your company, there is a contract that you can use to keep the information under wraps. It's called a “Non-Disclosure Agreement,” and it's one of the best ways to protect your trade secrets. Non-Disclosure Agreements, “NDAs,” or “Confidentiality Agreements” are contracts that legally obligate the signing parties to protect Read More

An operating agreement is a document used to set the rules and structure for management, decision-making, dispute resolution, and dissolution of any corporate entity.[1] When do you need to use one? In some cases, you don't have a choice. Certain states legally require an operating agreement if your company has multiple owners. Florida does not, however, and because of the investment in cost and time it may be Read More