How to Craft an Airtight Partnership Agreement A partnership, in the broad sense, is a business endeavor taken by two or more parties for profit. A partnership agreement, therefore, sets out the rights and duties for partners in business together; it outlines the “rules of the road” in much the same way that other contracts […]
Schedule the Next Meeting! At the end of your meeting, it is your responsibility to schedule what happens next. When you don’t, you end up either playing telephone tag or agonizing over when to call back because you’re concerned about being pushy. If you have determined that you can provide your prospect with an immediate […]
Vendor Warranties and the Art of Accountability At its heart, a contract is nothing more than a series of promises. While agreements to perform and compensate are hallmarks of a contract, other lesser-acknowledged promises, known as representations and warranties, set standards for performance and allocate risk. In this article, we will discuss the indispensable warranties […]
Money Management: Why it’s Essential For a business owner, hanging onto your money and managing it effectively can make or break staying in business, let alone turning a profit and growing. Even if you have an accountant, you still need to know how to manage your money. That means understanding the basics of bookkeeping, making […]
How Long is Long Enough? Timelines for Business Recordkeeping State and federal codes attempt to set guidelines for minimum retention periods of certain documents. Those documents which are the subject of recordkeeping requirements are often those that confirm compliance with other laws – taxes, hiring practices, and other regulatory matters; so it is in your […]
Getting a Business Loan Need money to expand with new equipment or into new locations? To pay suppliers, and market your products or services? If so, it might be time for a business loan. Getting the working capital you need with a loan you want at an affordable rate comes down to preparation. The most […]
Audit Thyself Whenever I go to court, I have the same stupid thought: is that judge wearing a real shirt and tie under that robe or is it a dickey? It’s sophomoric and immature but I can’t get rid of that image of Judge Harry Stone in Night Court wearing that half-shirt in those countless […]
Why Your Company Needs A Weapons Policy (Especially If You’re In Ohio) On March 21, 2017, a new law went into effect in Ohio expanding where a person licensed to carry a concealed weapon may bring their handgun. No longer may companies have policies prohibiting a handgun from being stored in a person’s private vehicle […]
What to Do When an Employee Gives Notice As an employer, one of the most challenging things to deal with is when an employee quits. It is an unpleasant fact that when you have employees, some of them – sometimes even the best of them – will give notice for any number of reasons. People’s […]
Business Lines of Credit: Better Manage the Ups and Downs of Cash Flow Cash flow can be a major challenge, which a business line of credit can help solve. A line of credit saves you from retrieving money from your personal accounts, using credit cards for funds, or approaching family and friends if you have […]
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