Factors to Consider When Setting Up a New Enterprise One of the important considerations when starting a new business venture is the selection of legal form. Should you set up as a sole proprietorship, partnership, corporation, or limited liability … [Read more...]
Memorial Day 2021: Remember & Honor
The Requirements of a Valid Contract Offer
What Elements Must Be Present? When Is an Apparent Offer Not an Offer In an earlier blog, we looked at the requirements of a valid and enforceable contract, noting that the first thing that must be shown is the existence of a mutual agreement—an … [Read more...]
Are Oral Contracts Valid and Enforceable?
Does a Legal Agreement Need to Be in Writing? In an earlier blog, we discussed the basic requirements of a valid and enforceable contract: There must be an offer and an acceptance, known legally as an agreement. There must be consideration, … [Read more...]
Choosing the Right Legal Structure for Your Business
Factors to Consider | Your Options It takes courage and confidence to open your own business and take personal responsibility for your success or failure. Choosing the appropriate legal structure can provide you with a significant amount of … [Read more...]
What Are the Fundamental Requirements to Create a Contract?
What Constitutes a Valid Offer to Enter into a Contract? There's a common misperception that, in order to be binding, a contract must be in writing. In fact, many types of oral agreements are fully enforceable in a court of law, but that's a topic … [Read more...]
Are Oral Business Agreements Enforceable?
Can a Contract Be Voided Because It’s Not in Writing? In the business world, much is done conversationally. You may talk with vendors and suppliers on the phone, or stop by a customer’s place of business to discuss your products. What happens if you … [Read more...]
Is Your Business Contract Enforceable in Court?
The Requirements of a Valid Business Agreement When you own or operate a business, you enter agreements every day, with customers, vendors, suppliers, and others. You need to know that the contracts that govern your business dealings are enforceable … [Read more...]
Paying the Costs of a Bankruptcy Filing
What Are the Out-of-Pocket Costs? How Do You Pay Them? When you lose your job or have substantial uninsured medical expenses, and bankruptcy seems like the only way to get a fresh start, the last thing you want to think about is another expense. But … [Read more...]
Chapter 7 or Chapter 13?
How to Determine Which Type of Bankruptcy Petition to File If you’re like many Americans, struggling with the loss of employment as a result of the pandemic, you may be considering filing for bankruptcy. If you’ve never done so before, you may be … [Read more...]
