Analysis • Advice • Advocacy
You may reach a point where you no longer want to stay in business with your partner. In some cases, the relationship may break down so badly that the company cannot function the way it once did. One owner may block decisions, cut off access to accounts or stop...
When you build a successful business, you do not expect the biggest risk to come from inside the ownership group. Yet in New Jersey, many profitable companies end up in court because the partnership deteriorates. A business divorce rarely starts with a lawsuit. It...
In many ways, a business partnership is similar to a marital relationship. People combine responsibilities and share risks. They also rely on one another for certain functions and mutually benefit from one another's success. Many people enter into business...
Businesses in the construction sector often hire independent professionals or small businesses for specialized services. Instead of offering a salaried position to a drywall finisher and a tile specialist, the company has a short list of qualified professionals or...
Many entrepreneurs may not realize that just because their partnership is forged with the best intentions does not mean it will stand the test of time. The truth is that even the most promising partnerships can be marked by disagreements, challenges or unexpected...
Sometimes, siblings decide to start a business together because they assume that their pre-existing relationship reduces some of the risk inherent in a new business enterprise. Other times, siblings might jointly inherit a business from the estate of a parent or...
The average business executes contracts with an assortment of different parties. It is necessary to sign a contract when hiring new workers, reaching agreements with vendors or hiring a contractor to provide services. Typically, organizations expect that the other...
Virtually every business partnership begins with a shared vision and the best intentions. Whether it's a creative venture, a technology startup or a small family business, partners often embark on their journey with optimism and trust. However, even the most...
Partnerships are – ideally – mutually beneficial business relationships in which the participants have the common goal of trying to build a business. These arrangements are usually formalized via a written agreement that’s followed throughout the life of the business....
Construction is a very competitive industry, and many smaller firms rely on word of mouth to connect with new clients. You likely do everything in your power to make your clients happy with the work that you provide. From competitive estimates to thorough post-work...