Business Law Articles

Learn and discover the latest useful business law articles for practical information, DIY, and ideas from a network of leading business and corporate lawyers.

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What Does Due Diligence Mean in Business

The definition of due diligence is the exercise of reasonable care in examining a company’s financial statements, invoices, receipts, income, and bank statements and comparing competitors’ benchmarks.

Self Employed Jobs

What are the best self-employed jobs for new entrepreneurs? Freelancing is the best way to start working for yourself from home. This article provides a list of self employed jobs to start working from home. 

What Percentage of Businesses Fail?

An estimated 1 in 5 businesses in the U.S. fail within the first year, and nearly 50% fail within the first five years. (U.S Bureau of Labor Statistics)

What is a Loli?

Loli means a young girl, underage girl, or childlike female character, particularly in the lolicon genre. The term loli is often used in connection with males attracted to young girls that leans towards erotic characteristic. The loli subculture has its origin in Japanese anime and manga.

What Does a Trustee Do?

A trustee acts as a legal owner of the assets held within a trust and assumes fiduciary responsibility by managing the trust's assets for the trust's purpose.

Suing a business partner who stole money from a joint account and emptied the bank account.

A business partner who stole money from a bank account may be liable for embezzlement and ground to sue. You may sue a business partner for breach of fiduciary duty for stealing emptying a joint account.  

Removing Partner from LLC

The process of removing a partner from an LLC may be found in the partnership agreement, the LLC operating agreement, or the LLC Article of Organization. Alternatively, the withdrawing LLC member may give written notice of withdrawal.

Fiduciary Responsibility Definition

A fiduciary is an organization or person that acts on behalf of another person and has an obligation to put that person’s best interest first and above the fiduciary’s interest. A fiduciary owes the beneficiary a fiduciary duty, the highest standard of care in law and equity.

What Type of Business is a Partnership?

A business partnership is a business owned by two or more people. A business partnership is generally created by a formal agreement where two or more owners jointly operate and manage a company.

Grounds for suing a business partner

You can sue your business partner if the partner stole, sabotaged the business, took money without permission, abandoned, embezzled, committed fraud, or breached a fiduciary duty.

Partnership vs Joint Venture

Joint ventures are distinguishable from partnerships because joint ventures generally involve two or more companies combining their resources for a limited business scope and aim. A partnership comprises of two or more persons working together in business.

Why Do I Need a Business Headshot?

A quality business headshot can help give your best first impression to earn a client’s trust. A quality head demonstrates your professionalism.

Why Are Headshots Expensive?

What is expensive is relative. Some people find $100 for a headshot expensive, while large companies do not. Professional photographers invest in their trade for the ability to create excellent photographs by touching up the images.

Who Gets The Profit In A Partnership?

The business partners in the company get the profits according to their ownership percentage. If no document states the ownership percentage, the profits are divided equally among partners.

Is a Professional Headshot Worth It?

A professional corporate headshot can elevate first impressions and earn your client’s confidence. A professional headshot is absolutely worth it when the photographer is good and the price reasonable.

How Does Alibaba Work?

Alibaba is a Chinese company that is a wholesale marketplace similar to Amazon but for buyers looking to negotiate and buy at wholesale price directly from the manufacturers.

How to Remove Someone From a Business Partnership

First, consult with the partnership agreement to remove a partner from a business partnership. If the agreement is silent, then consider a buy-out. If a buyout is not possible, dissolve the business partnership.

Do you need a business license to sell on Amazon?

In many cities and states, including California, selling on Amazon requires obtaining a business license, TIN, licenses and certificates. A business license is also known as a business permit in many cities.

How Do You Enforce A Verbal Contract In Court?

The plaintiff must show evidence of the contract terms and conditions to enforce verbal contact. Courts enforce contracts when the agreement complies with the statute of fraud to be enforceable.  

Shareholder Dispute: What is it and shareholder’s rights [2023]

What is a shareholder dispute? A shareholders dispute is a disagreement between corporate shareholders about the corporation’s operation, finance, and management. When shareholders’ dispute is not resolved amicably, it may lead to litigation.

Where Can I Advertise my Business for Free?

Adding your business and website to the following free advertising websites is easy, fast, and free: Google My Business, Yelp, Bing, Fiverr, Etsy, Apple Maps, BBB, etc.,

What Are My Rights As a Business Partner?

Your rights as a business partner include shared decision-making, business operations, and management as a business partner unless these rights are waived. Business partners owe a fiduciary duty, a duty of loyalty and the duty of good faith to each other and the company.

How Do You Prove a Business Partner is Stealing?

To prove a business partner stealing or committing fraud, you must prove that your business partner knowingly misrepresented a fact as true, you reasonably relied on the lie, and you sustained damages from the lie.

What is a Business Headshot?

A business headshot is a photograph of a person to create a personal brand. A professional headshot is taken by a photographer of the subject’s upper body.

What to Do When You Think a Business Partner is Stealing

When a business partner is stealing, you can sue the partner for embezzlement. Embezzlement means the partner had a right to control the company’s money or asset and took the asset for personal use and benefits.

How Do You Deal With a Selfish Business Partner?

The best way to deal with a selfish partner is to give them the attention they crave but not struggle for power. Then, propose creative solutions to benefit the company and all partners.

What Rights Do The Partners Have As Owners?

In a general partnership, all partners have equal ownership rights, including share ownership of all business property, profits and losses, and the right to continue in the business.

What is it Called When You Steal Money from Your Own Business?

It is called embezzlement when someone steals from their own company or employer. Embezzlement occurs when the person stealing has control of the money or asset and takes the money for personal use. A person can steal from their own company when there are two or more owners.

What Happens When Someone Steals Money from a Company?

When a person steals from a company, the person may be charged with theft, embezzlement, misappropriation, or breach of fiduciary duty. A criminal charge may be initiated against an employee or a civil lawsuit started by the business owner or partner.

What Happens When Business Partners Disagree?

An unhappy business partner may determine if there was wrongdoing by the other partner and initiate a lawsuit to gain control of the company and negotiate a buy-out. Alternatively, the partner who initiated the lawsuit can seek a judicial dissolution of the business.
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