7 Tips for Buying Out a Business Partner
There are many reasons to buy out a business partner, including giving you complete control of the company. The steps for buying out a business partner include: 1) Determining the assets you’re buying, 2) Clear communication, 3) Hire an attorney and CPA, 4) Retain expert in business valuation, 5) Draft a partnership buyout agreement, 6) Determining buyout financing…
Business Partner Dispute Laws
Disputes between business partners are common. However, business partners’ dispute becomes a legal problem when sabotage, stealing, misappropriation, embezzlement, or violation of employment and business partnership laws.
What to do if someone breaks a verbal agreement?
If someone breaks a verbal agreement, the first thing to do is to determine if the verbal agreement is valid. If the agreement is valid, hire and lawyer and sue for money damages or specific performance.
9 Steps on How to Start a Business in California
To start a business in California, take these steps: 1) have a good business idea, 2) decide on a legal structure for the business, 3) choose a business name...
How to Register a Business Name in California
To register a business name in California, check if an existing business already uses the name. Then, register the business name with the California Secretary of State if the company is going to be an entity. Register the business's name with the city’s county recorder if the business is not an entity.
Is a Verbal Contract Enforceable in California?
A verbal contract is generally enforceable in California, with some exceptions. Two of several exceptions to enforcing oral contracts are contracts that involve real estate leases, buying or selling real estate.
7 Best Women Business Organizations
For women business owners, it is critical to develop connections with fellow professionals in order to create useful networks. There are plenty of associations that support women, and which can be very beneficial for small business owners looking for advice and fellowship.
5 Unsecured Business Credit Cards for Startups
What is an unsecured business credit card? An unsecured credit card does not require a personal guarantee from the business owner. Small business owners prefer an unsecured credit card.
SBA Requirements for Veteran-Owned Business Loan
Does the VA provide business loans to veterans? No, the VA does not offer a business loan. The SBA provides loans to veteran-owned businesses.
Does SBA 504 and SBA 7a require a down payment?
Yes, SBA loans require a down payment of at least 10% up to 30% depending on the strength of cash flow and the value of the collateral.