Operating a business in the modern world often means juggling dozens of tasks simultaneously. It is easy to lose track of your activities and make a mistake with employment matters. Unfortunately, errors that violate state and federal labor laws may pose severe...
Business Law
Avoid these common business succession mistakes
As a North Dakota business owner, it's essential to have a solid succession plan in place. Whether you plan to pass on your business in the next two years or the next 20, your succession plan should detail how the company will continue after you've left and ensure the...
3 tips for employers to avoid litigation
As an employer, you certainly do not want to be involved in litigation stemming from an interaction with an employee. This can be damaging to your company’s reputation. It can be costly and time-consuming. Additionally, you just want to make sure you’re treating your...
3 common risks that undermine the benefits of a merger
Business growth and development can be very challenging, and companies sometimes struggle to keep up with the increased demand for their products. Other times, they may have a hard time pivoting to meet changing consumer standards. A merger can be the perfect solution...
4 mistakes business owners make during formation
Starting a business can be complicated, as you have to make many critical decisions. Thus, it may help to learn more about business to make the right moves. Mistakes in the beginning can affect you for years. Not all startups become established companies, and this may...
Divorcing your business partner
In many cases, your divorce is not going to have anything to do with your business. You may simply own a business that you started by yourself, or with another business partner, and your spouse has no part of it. If you are worried about having to give up some of the...
Protecting your small business from unfair competition
As a small business owner, you know the risks involved in the corporate world. You’ve entered a market with some larger rivals who have much greater resources. However, where they can’t compete with you is in the quality of service and products you offer. In...
Can you use the same name as another business?
As an entrepreneur, the first thing you ever came up with was the name for your new business. It was an idea and an inspiration. It started this whole process and got you closer to your dream of being a business owner. However, right before you start officially taking...
What options do you have after a breach of a business contract?
Your contract is a binding agreement between you and another party. You paid them or delivered goods, so you expect them to fulfill their end of the agreement. Unfortunately, some people seemingly execute contracts with no intention of upholding them. Others let...
How a non-disclosure agreement can benefit your business
Operating your own business can be extremely rewarding, but it is by no means an easy process. You need to keep your workforce safe and happy, and you also want to ensure you are upholding all relevant legal rules and obligations. If your company relies on the use of...