As a business owner, your most important assets exist in the ties you make. This can be to customers and consumers, to contractors, and to business partners. The last thing you want is to sever these ties, but how do you handle disputes when they arise? While it can...
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Business Law
What kind of valuation method will be in your buy-sell agreement?
A buy-sell agreement will enable you to maintain ownership of your business and protect it from outside interference. Once you and your team decide on the kind of buy-sell agreement that is best, you must decide on the valuation mechanism to include. Formula agreement...
How can I better negotiate a business contract?
Working out a business contract can be a stressful time. A lot may be at stake, especially if you wish to partner with a client or another business on a major endeavor. Fortunately, it is possible to avoid mistakes that some entrepreneurs make when they negotiate a...
Key legal issues that nonprofit board members should be aware of
Serving on the board of a nonprofit organization is a significant personal commitment. Organizations often rely heavily on a board’s leadership and expertise. Directors need to play an active role in structural and financial oversight. In order to serve in their roles...
May estate plan documents include business succession details?
Some business owners may neglect to include their commercial enterprises when creating an estate plan. Without preparing for your company's future, an emergency may result in an inexperienced individual taking over. As reported by Kiplinger's Personal Finance, 70% of...
How important is succession planning for your business?
Thinking about the future of your business in North Dakota might come easy when you think about ways to increase revenue. However, it is equally as important to strategize your organization's leadership sustainability. Succession planning allows you to articulate your...