Business Archives

6 important challenges your business must face

You may be starting a new business or looking to expand. You may be a sole proprietor or the CEO of a large corporation. All businesses, no matter what size they are, face challenges. You often hear a business owner say that employees represent the company's biggest asset. While that may be true, other elements are essential to the well-being of any company or organization. An experienced attorney can help with the legal matters that surface, so that your business stays on track for success. Here are six of the most important challenges your business must face.

Should I write a business plan?

You may think of a business plan as a tool to attract investors and raise capital. However, once you put the ideas you have down on paper-chiefly your business goals and how you intend to achieve them-you will be able to see the many parts of your new venture all at once. You will likely find intersections of interest that have more potential than you had imagined as well as some dead ends that may cause you to back up and go in a different direction.

Can you protect your business in a divorce?

Not only does a divorce typically cut across numerous emotions throughout the process, but the parties will often have to explore several legal areas as well. Depending on the personal circumstances, finances and duration of the marriage, individuals might have to address concerns such as tax implications, property division and business valuation.

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