A strong business partnership can build empires — and a fractured one can bring them down. Just as choosing the wrong funding structure can derail a startup, entering into or managing a business partnership without legal safeguards is a risk few companies can afford....
dissolution
What is Dissolution in Business?
Making the decision to close a business can be a difficult one, and the steps that must be taken to do so are often complex. If a business owner determines the time has come to end operations, that business owner must go through the dissolution process. Whether...
What You Need to Know About Articles of Dissolution
If you're a business owner, there may come a time when you wish to close your company. While articles of incorporation are used to form a company, articles of dissolution are filed to end your Limited Liability Company or corporation and put the state on notice of...
Of Business and Divorce: NY Edition
So sick of saying goodbye again. -- Henry Rollins For the past two weeks, we’ve explored the tell-tale signs that a business is suffering and about to fail due to one or more partners’ shortcomings. If you’re a New Yorker and those signs reached a boiling...
Of Business and Divorce: Part II
Ever has it been that love knows not its own depth until the hour of separation. -- Kahlil Gibran Last Tuesday we discussed the signs and patterns that your partner is not living up to his or her end of the bargain. Here are a few more indicators of when a separation...
Of Business and Divorce
My own business always bores me to death; I prefer other people's -- Oscar Wilde Divorce transcends the world of the personal and often intrudes on the business world. The concept of business divorce is used in our field because the split from a business partner can...