Confusion commonly arises between two similar business entities: partnerships and joint ventures. These two terms are often used interchangeably, but they can mean very different things.
Whether for the purchase of a business, equipment, or real estate, most contracts contain standard terms, often referred to as boilerplate. Even though the terms may be standard, there are often subtle differences in the wording that can have significant consequences down the road. More importantly, even though terms may be typical in a business or real estate contract, they may be contrary to your business' interests in a particular transaction.
With most of the requirements of the 2017 Equal Pay Act now in effect in Oregon, it is crucial to ensure your business complies with its requirements.
Companies often use outside sales representatives to sell their products or services. These sales representatives can be employees or independent contractors. They are paid on commission, which rewards them financially based on what they sell. Working on commission can be a great way to set one's own schedule while having financial reward tied to performance. Using outside sales representatives is a great model for businesses as well - a business can reach many clients face-to-face and create a more personalized relationship with the business's customer base.
Starting and growing a business is like having that extra child-it's a lot of work and you pour yourself into it; if you're lucky you create something that can thrive on its own without you. Just like letting go of the reins with your kids, opportunities present themselves to do that with your business.
Have you made the decision to end a business partnership? Your goal may be to get through the process as painlessly as possible.
There are countless reasons why a business owner may choose to end a business: Financial difficulties, time constraints, a desire to move on to a new business endeavor, and many more.
The Oregon legislature recently made several changes to the information businesses must provide to register and operate legally in the state.
What makes a good business partnership? A strong working relationship and trust are the foundation of any successful partnership. But a business' staying power needs more, especially clearly-defined roles, rights, and obligations of the partners.
It can be difficult to determine whether your business must pay an employee minimum wage and overtime. Generally, an employer must pay minimum wage and overtime to all "non-exempt" employees. What is an exempt employee, then?