Most entrepreneurs have entered into a business partnership at one time or another, or at least entertained the idea. Sadly, despite the best of intentions on all sides, these arrangements often fail. Common pitfalls of entering into a partnership Some of the factors...
Those with large or long-lasting trusts may realize that an individual trustee is not the best solution for their needs. Instead, they may benefit from hiring a corporate trustee. There is a long list of reasons why people turn to businesses to manage a trust. The...
Running a business is full of constant challenges. However, there is a difference between a challenge that requires your blood, sweat and tears and legal trouble that comes suddenly and unexpectedly. Unfortunately, you put yourself in the line of fire when you start a...
As an investor, there is one thing you should watch out for. That thing is investment fraud. When you trust your money in the hands of a stockbroker or investment firm, you expect them to do what’s right for you. Stockbrokers and investment firms have regulations that...
Finding suppliers that offer quality products or materials at a price that still allows your company to profit often requires a lot of networking and research. When you do finally connect with a supplier, you will likely expect them to live up to their reputation....
If a supplier, service provider or employee violates their contract with your company, there could be financial consequences. The nature of the breach and the relationship with the person or business who did not fulfill their obligations to your company will impact...
Most successful businesses face competition. Even if you were at one point the only company in your specific business niche, your success may have inspired others to start their own companies and compete with you. Competition can be great for consumers, but it can be...
If you are a real estate entrepreneur, it is likely that a large part of your work and your livelihood depends on the services of real estate agents. You will need to cooperate with them when buying and selling homes, and you'll likely pay them a commission for the...
As a property owner, you need to actively protect your property and ensure that no one impinges on your rights. Being vigilant in this regard will help you to prevent a complex situation, since taking action as soon as a problem begins will most likely lead to an...
As a trustee, your job is to manage the assets in a trust and cooperate with beneficiaries when they make appropriate requests for trust assets. You may need to protect and maintain physical assets or make smart decisions about selling and investing financial assets...