Common Business Structures
March 25th, 2010 · 12:48 pm
→ Business Law
Sole Proprietorship
A sole proprietorship is a business owned by one individual.
Filings with the State. Aside from obtaining a Master Business License and any local permits, no special paperwork or filings with the state are necessary to establish your business legally so long as you use your own name as the name of your business. If [...]
What Every Business Owner Should Know About Contracts
March 1st, 2010 · 9:00 am
→ Business Law
1. The terms “agreement” and “contract” mean the same thing. A memo of understanding, accepted proposal and purchase order are all examples of contracts.
2. How a contract is formed. A contract is formed when there is an offer by one party which is accepted by another party and there is a mutual exchange of value [...]
