Corporations often undertake a unique characteristic as a business entity – perpetual duration. Unlike joint ventures or partnerships that evaporate once the desired goal is achieved, or when a partner departs from the partnership, a corporation has the potential to outlive all of it’s creators, which presents its own set of benefits and challenges.
What to do when Business Partners Disagree On The Business? Partnership disputes can be a stressful time full of uncertainty and emotion. “How did we get here?” “Our partnership started off so strong, why is this happening?” These are two questions that I often hear from clients when confronting the prospect of deadlock between partners or… Read more »
WHAT IS A TERM SHEET? A term sheet is the first material written document that passes between a potential buyer and a potential seller in a business transaction. It can range in length and format, although some conventions have developed over time governing what elements are important to include in the document. A term sheet is… Read more »
The Importance of Business Succession Planning? Business succession planning is one of the most important things the owner of any business can do. There are five compelling and universal reasons to plan for the succession of your business: (A) Taxes If the business owner has no plan for succession at the time of his or her… Read more »
District of Columbia Business Licensing requirements mandate that all businesses operating in DC are required to be registered or licensed by the Department of Consumer and Regulatory Affairs (DCRA).This department also issues permits and recognizes business ownership types. The Business and Professional Licensing Administration of the department is for obtaining business licenses and the Permit… Read more »
