When is it Time to Get a Business Divorce?

The term “business divorce” may seem inappropriate at first glance, but anyone who has been in conflict with a business partner knows how difficult that can become. A business divorce is used to dissolve or reorganize a business when a partner, member, or co-owner in a business wants to leave and less drastic measures are not available. And just like with a regular divorce, there are signs that a business divorce might be what you need to resolve your issues in your business: Continue reading “When is it Time to Get a Business Divorce?”

Five Things to Do When You Are Considering Bankruptcy

Due to the coronavirus pandemic, bankruptcies are up all across the United States. Individuals and businesses alike have struggled due to COVID-19, with many people losing their livelihoods due to the economic impact of the pandemic. If you are one of the people affected by this pandemic, you may have already considered bankruptcy. Before you file for protection, though, there are five things you should do: Continue reading “Five Things to Do When You Are Considering Bankruptcy”

Breaking Up a Business is Hard to Do

Business BreakupStarting your own business can be difficult and stressful, and running that business can be even more so. However, breaking up a business and wrapping up its affairs can be difficult in its own way, if you’re not appropriately prepared. However, how hard it is can depend on how your business is organized, and how many other people own the company you’re trying to break up. Continue reading “Breaking Up a Business is Hard to Do”