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Monthly Archives: August 2014

How Do I Plan a Business Succession?

Running a healthy small business is one of the best ways to set oneself up for retirement. An owner who has taken a business from inception to a thriving enterprise generally feels a great deal of pride and, in most cases, wants the business to remain viable after he ceases control and retires. However, business…
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On the Advantages and Disadvantages of Sole Proprietorships

One common structure for new businesses is the sole proprietorships. The sole proprietorship is the simplest form of doing business, and is an entity that is owned by one person. If your business will have more than one owner (other than your spouse), you will need to consider a partnership, corporation, or limited liability company.…
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Business-to-Business Disputes

External claims made against your business and claims you may bring against another entity are very much a reality of conducting business in today’s environment. Among the many issues that are a part of business litigation are: - breach of contract - non-payment for goods or services - defective or non-performing products - fraudulent business…
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Differences Between S and C Corporations

Differences Between S and C Corporations If you are planning to form a corporation, it is essential that you choose the right entity for your needs. Numerous options are available, and it is a good idea to consult with a business lawyer as you plan your business and set up the articles of incorporation. The…
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Breach of Fiduciary Duty and its Risks

A breach of fiduciary duty can bring considerable harm to a corporation. Fiduciaries have access to sensitive financial information of a company. They are expected to take their position seriously, and act with the utmost of integrity and good faith. However, they don’t always live up to such expectations. Obligation of Fiduciaries Fiduciaries are those…
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