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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How To Prove a Verbal Agreement In Court

Yes, all contracts may be oral, except such as are specially required by statute to be in writing. Verbal agreements will hold up in court, with exceptions. To prove a verbal agreement, you must have either witnesses or written evidence such as text messages, receipts, emails, statements, invoices, etc.

What is MOQ wholesale meaning?

MOQ stands for Minimum Order Quantity and is the minimum number of items a supplier will accept for an order. For example, a supplier may require a MOQ of 1000 pencils, while another supplier may require a MOQ price of $10,000 on purchase orders for pencils.

13 Steps: How to Advertise my Business Locally

Many entrepreneurs and small business owners ask us: what are the best ways to advertise the business locally? In this article, we provide a list of 12 steps to take to get the word out about your business in the local area.

Is a Verbal Contract Enforceable in California?

Verbal contracts are enforceable in California, with few exceptions. One method of proving an oral contract is to look at party’s conduct, activities, and action taken after the verbal contract was made.

ADA Removal of Barriers Examples. Readily Achievable Examples

ADA removal of barriers examples include: Moving shelves, Installing ramps, Moving furniture, Repositioning telephones, Curb cuts for entrances and sidewalk...

7 Common Mistakes When Buying a Business

Mistakes When Buying a Business: 1. Committing to buy a business because of sunk costs. 2. Agreeing to terms to keep the seller happy. 3. Not having an incentive plans to retain talent...

Sarbane Oxley Act Primer

Under the Sarbanes-Oxley Act – a federal law – all publicly traded companies are mandated to complete financial disclosure and prevent accounting fraud.

What is YOY – Year Over Year?

YOY is a financial comparison used for comparing a year’s results against the previous. Using YOY is common when analyzing the performance of investments and companies. YOY comparison may be used to compare annual, quarterly, or monthly results.

What Are ETF, Exchange Traded Fund? Advantages and Disadvantages

An ETF is an exchange traded fund which is a cross between a mutual fund and a stock. It combines the stability of mutual funds with the ease of trading that stocks allow.

What Is a Joint Venture?

A joint venture is a business agreement between two or multiple parties to pool their resources in order to accomplish a task. The task may be a business activity or a new project. The resources might be time, money, staff, or intellectual property.

15 Best Free Business Advertising Sites

The top 15 advertising sites for marketers and small business owners. Plus, did we mention that these sites are free?

How to Start a Business with $1000

Many entrepreneurs seek out companies they can start while traveling or living in a destination. Luckily, this strategy is doable in today's business world, and individuals can start these unique companies for under $1000.

What Is a Business Lawyer and the Different Types of Business Law?

Business law and corporate law are broad and covers many different topics. However, business law is generally defined as the laws that govern commercial matters.

2022 Mileage Reimbursement Rate – $0.625/Mile

The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022.

10 Steps on How to Start a Coffee Truck Business

Over 65% of Americans drink coffee daily, and some entrepreneurs hope to cash in on this longtime trend. Starting a coffee truck business can be exciting for new small business owners.

10 Steps: for Starting an Online Business Checklist

E-commerce is supposed to increase by 20% by the end of 2023. This increase means that over 75% of small business owners will see a substantial profit. Starting an online business is a great opportunity, but entrepreneurs must have a plan.

11 Steps on How to Start a Small Restaurant

Starting a new restaurant can be time-consuming and even stressful. From defining a brand to deciding on a menu and finding a chef, there are various tasks to take care of. Follow these eleven steps on how to start a small restaurant.

7 Steps on How to Build Business Credit

The ability to build business credit is a helpful skill for entrepreneurs, allowing them to continually expand their companies. Let's unlock the secrets behind how to build business credit.

Cost of Debt Formula Meaning

The cost of debt describes the interest expense individuals pay on all the loans the company has taken out. The individual adds up the interest rate for each loan to figure out the business's cost for its debt.

Is Alibaba Legit? 5 Tips on Avoiding Scams on Alibaba

People searching Google will come across Alibaba and wonder if Alibaba is legit. Alibaba is one of the biggest e-commerce portals in China and across the globe.

7 Tips: How Do I Make My Company Known Locally?

Many entrepreneurs and small business owners want to make their companies more noticeable in local markets. In this article, we’ve put together 13 helpful suggestions for improving your business’s local visibility.

8 Steps on How to Start a Digital Marketing Agency

The field of digital marketing is growing, and many entrepreneurs want to start their agencies. Here, we will go over the concept of digital marketing and focus on the process of starting a digital marketing agency.

11 Fastest Growing Small Business Ideas

As 2022 proceeds, the year has already revealed some bright spots in specific business sectors and areas. Let's focus on those and remember that optimism is always the best policy.

5 Tips Checklist: How do I open a retail store?

Our checklist for new store owners will help entrepreneurs meet their goals and succeed.

What Are The 5 Characteristics of An Entrepreneur Mind?

Everyone has ideas, but entrepreneurs are tasked with building successful businesses. What are the characteristics of an entrepreneur’s mind?

6 Tips on What Are The Risks To Business Growth That Is Too Fast?

Rapid business growth can bring problems to light, but anticipating and preparing for these problems can help new business owners deal correctly with these complications.

12 Tips on How to Write a Modern Business Plan

Business plans are essential for businesses of all sizes across all industries. Although new business plans may deal with the realities of our modern age, the importance of a comprehensive plan for the new business owner has not changed.

6 Tips for Starting a Successful Business

New business ventures require an individual who is dedicated, possesses a strong work ethic, and has an exciting idea for a business that will stand the test of time.

What is Hands-On Leadership?

Many people think that hands-on leadership refers to the process of micromanagement. However, the true definition of hands-on leadership - hands on approach - does not include being overly bossy.

20 Passive Income Ideas With Little Money

The pandemic and other extenuating factors have made our economy difficult. In addition, rising inflation is causing everyone to take a second look at their paychecks and bank accounts. One way to stay afloat these days is through using passive income streams to generate extra cash.