When a business is in its inception, the owners must decide the best form that it should take. Owners need to be very clear about what they are getting into by forming a corporation. Advantages The advantages to incorporation are many. Those starting the business technically are no longer owners, but shareholders. This means that…Read more
What Constitutes a Breach of Contract?
A contract is an agreement between two or more parties. In order for a contract to be legally enforceable, it must comprise: 1) an offer; 2) acceptance of the offer; and 3) valid consideration. In the business context, parties often enter contracts to buy and sell goods and supplies, for employment, to lease commercial space,…Read more