A business partnership is one of the most important professional relationships you may ever have. Unfortunately, many business partnerships go the way of romantic relationships and terminate in acrimonious, sometimes traumatic breakups. Just like people don’t go into a marriage expecting to get divorced, people don’t start a business partnership with the expectation that they […]

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Every professional needs to consider the risks of doing business, including facing claims about substandard services from clients. Insurance coverage is one of the most important means of mitigating professional liability. Skilled, licensed professionals often carry specialized insurance coverage. For example, real estate agents may carry errors and omissions coverage in case they accidentally make […]

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Property owners hire contractors with the expectation that they’ll take care of a project in a professional manner. Most projects are completed without any issues, but there are times when construction defects may plague the process and vision of interested parties. Determining what type of defect that’s present is often the first step in the […]

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Business owners and executives often have to make difficult choices about harm reduction and risk mitigation. They need to address likely risks for the organization while simultaneously keeping costs to operate the company low. Professionals often have to balance the likely need for certain types of insurance coverage with the cost of a policy. One […]

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Starting a partnership requires each owner to protect themselves while they simultaneously focus on the broader interests of the company. One way to do this is to have a comprehensive operating agreement in place for the business, ideally before it becomes operational. One of the primary concerns that should be addressed in a partnership operating […]

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Regulatory compliance is crucial to the success of any modern business. The failure to adhere to both state and federal regulations could lead to a loss of licensing or financial penalties. As a result, executives and business owners are often familiar with existing statutes that apply specifically to a particular industry. However, they also need […]

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If a business ever faces litigation, there could be reason to worry about significant financial consequences. Many people have heard the claim that approximately 90% of all civil lawsuits settle. Some researchers claim that the 90% figure is a gross exaggeration. Research does indicate that settlement rates vary between different court jurisdictions and even different […]

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Finding the right business partner is no easy task. You need to ensure that the people you work with share your core values and vision for the company.  You may have gotten yourself to this point and committed to an arrangement, only for things to turn sour at later date. The reality is that at […]

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