How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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Contract Law Basics for Every Entrepreneur

Entrepreneurs have a lot on their plate, and the one thing that can really get them in trouble is the legal aspects of business. When first starting a business, there’s a lot of hustle involved, which leads to the small business owner taking major risks.

Some of the most worrisome risks of all are contract-related.

Business partnership

You might agree to something orally, and if you don’t meet your end of the agreement, you might be in trouble as a result.

Let’s talk about some of the contract law basics every entrepreneur should know and understand.

What Constitutes a Contact?

There are written and oral contracts.…

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To Partner or Not Partner? That is the Question…

When someone starts a new business, one of the first decisions to make is whether or not to form a sole proprietorship or partnership. Partnerships alter the legal structure of the business, taxes and relationships in ways you must consider before you simply assume the best solution is dividing ownership of the business.

To partner or not partner? Shakespeare meme

There are pros and cons of bringing in others as partners instead of hiring them as employees or receiving loans instead of giving away equity.


It is easier to create a general partnership than form a corporation. The biggest risk this creates is personal liability. A corporation is a separate legal entity that has to have its own financial accounts and takes on the financial and legal liabilities of the company.…

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Combined Skills: The Benefits of Forming a Real Estate Investment Partnership

Forming a real estate investment partnership can have some excellent benefits. An investing partner can open new possibilities that may not have otherwise been available and can make it easier to build up a profitable property portfolio in a shorter time frame.

Real estate investment partnership

Of course, there are times when investing as a partnership won’t be viable. For example, buying a smaller project or a single family home might be more profitable going it alone.

However, when you start looking at larger investments or multiple simultaneous projects, having an investment partner at the ready can help build momentum. Here are some of the key benefits to forming a real estate investment partnership:

Play to Individual Strengths and Combined Skills

A good partner should bring something to each investment deal that you don’t have.…

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Better Together: Essentials for a Successful Business Partnership

Modern society glorifies individualism and the concept of self. Innovative platforms have enabled us to become self-taught in numerous fields, making education more accessible to people worldwide. The rise of feminism has liberated women from the singular, purely domesticated trajectory that once epitomized the gender; women, once expected to acquiesce to a life at home, are now encouraged to pursue their own interests. Mediums of expression, such as YouTube, Twitter and Instagram, spurned a trend of online divulgence that revolves around users’ eagerness to publicly display their personal lives.


This cultural shift, one that characterizes the new millennium, has trickled over to the world of business as well.…

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Everything You Need to Know About Business Partnerships (Especially With a Friend or Relative)

As if entrepreneurship wasn’t scary enough, we have this incomparably unknown and yet timeless institution of corporate America, from the smallest endeavor of the lemonade stand to a superior launch of a law firm — the business partnership. Of course, one would think that such a thing would be a lot easier to deal with than simply being a sole proprietorship as many entrepreneurs are. That’s not the case.

business partnership

You’re cooperating with another human being, basically. It’s a type of unincorporated business, subject to everything like taxes, certain regulations and even government inspections depending on the industry you’re in. There will always be conflicts of interest, disagreements and legal repercussions.…

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