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Employment Contracts: Why They Are Important and How You Can Use Them to Protect Your Business.

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Contract Disputes, Contracts, Dispute Resolution, Employment Contract, Employment Law, Non-Compete Agreements, Non-Disclosure (NDA) & Confidentiality Agreements, Partnerships by Joseph TurnerLeave a Comment

Hiring new employees is a difficult process. You have to be sure they are properly suited for their position and have a personality and temperament which will suit the work environment you have spent time and effort putting together. This coupled with negotiating benefits, salary, and slotting in time for training in an already busy schedule can seem overwhelming and …

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Today Is a Good Day For a Business Succession Plan.

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Lawyer Succession, Partnerships by Kristy DonahueLeave a Comment

“Unexpected events can set you back or set you up. It’s all a matter of perspective.”  Mary Anne Radmacher Let’s face it. In today’s Coronavirus environment, we are all weighing the “What If’s?” in our heads. All the things as a business owner you thought you could put off until tomorrow need to be addressed… today. Having a business succession …

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Can You Simply Transfer Your Ownership in A Business to Someone Else?

In Business Transactions, Contracts, Partnerships by Carrie CookLeave a Comment

You have ownership in a business, but you don’t want to be involved in the business anymore.  Or, maybe you want to assign the distributions you receive from an LLC to payoff a debt.  Can’t you simply just transfer your ownership to someone else without having to go through a lengthy, legal process? Time to check your Operating Agreement As …

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The Family Business Succession Plan

In Break-ups & Partnership Disputes, Business Tips, Estate & Probate, Partnerships by Larry DonahueLeave a Comment

Family owned business can be tough; especially since family is forever and a business lasts as long as the front doors can stay open.  A family business can never be truly free of passion, so it is important to understand the importance of utilizing consultants from outside of the family in conjunction with a Trust and Estate planning team to …

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What To Do If Your Partner is Stealing From the Company

In Break-ups & Partnership Disputes, Partnership Dispute by Larry Donahue1 Comment

If you are a co-owner of a company, and you believe (or know) that your partner is stealing from the company, you have rights and you have options — even if you’re not “in charge” or own a minority interest. Actionable Claims When a Partner Steals There are a number of possible issues that come arise when a partner steals …

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Why You Need a Buy-Sell Agreement

In Business Tips, Partnerships by Larry DonahueLeave a Comment

Changes in small business ownership can be costly, and negatively impact the business. If you are in a small business partnership, you should establish a buy-sell agreement to pre-determine what will happen if one of the partners leaves the business. You may not anticipate that either of you will leave; however, death, divorce, changes in circumstance, a risky economy and …

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5 Tips: How to Dissolve a Partnership as Painlessly as Possible

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Larry DonahueLeave a Comment

Closing (called dissolving) a business partnership can be compared to a divorce, from a cost and emotional impact to the partners. Neither party expects the relationship to degenerate into contention, but it happens more often than you might think. Whether business circumstances change, or some dispute arises between the partners, when the business partnership cannot endure, it’s time to legally …

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Temporary Restraining Orders (TRO)

In Litigation & Lawsuits, Partnership Dispute by Larry DonahueLeave a Comment

A temporary restraining order (or “TRO”) is a court order that immediately controls or restricts the behavior of one or more parties, temporarily and usually in an emergency, until there’s time to actually have a hearing so the court can evaluate the evidence to determine whether the order should stay in place (usually called an injunction) or cancelled. In order …

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Same-Sex Marriage and Business Partnerships

In Partnership Dispute, Partnerships by Don KochersbergerLeave a Comment

Owning a business with one’s spouse is a common—albeit arguably stressful at times—occurrence. At BLSW, we know that managing legal matters as a partnership—both in marriage and in business—is always easier with a strong and skilled team on your side, and we’re happy to help answer questions that arise with understanding the collaboration of marriage and business. On December 19, …

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Business Break-Ups – Important Tips to Prepare Before the Problem Arises

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Don KochersbergerLeave a Comment

New business partners don’t typically think about anything going wrong down the road, however, business and personal disputes are often irreconcilable, and sometimes partners ultimately decide to break up the business. Ideally, businesses and business partners take the necessary steps to plan ahead for dissolution and alleviate much of the stress associated with typical business break-ups.