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If you follow any type of financial news, you have probably heard the term “holding company” before. It often comes up, especially when discussing taxes or the assets of millionaires. But what exactly is a holding company?

Basics of a Holding Company

Traditional companies produce...

The Equal Employment Opportunity Commission is charged with ensuring that employees don’t face workplace discrimination. When an employee believes their rights have been violated, they can file an EEOC complaint.

This is a serious matter that no company can afford to take lightly. If your company receives an EEOC...

Your business’s trademark is one of the most important elements of your company’s brand name. Failing to protect your trademark means failing to protect your business’s reputation. The trademark registration process involves costs and effort, but these more than pay off in the long run. 

Before you decide whether...

Transferring ownership of a small business or franchise can be a complicated process. A business owner needs to consider how they wish to make the transfer and whether they want to transfer full or partial ownership. Even when you have a clear-cut idea of the type of transfer you’re seeking, the...

The terms of a business lease can seriously impact your business function and finances — for better or worse. Before you sign on the dotted line of a new business lease, take the time to review the terms with care. 

The terminology used in business leases can mean you’re...

If you sell your designs or other creations on online marketplaces, they’re at risk of being stolen unless you take measures to protect them. Every online vendor should be aware of how a DMCA letter can keep your intellectual property — and finances — protected. 

Successfully filing your LLC is a major step for a new business. However, it’s far from the last one. Once your LLC has been filed, there are several essential next steps that you shouldn’t delay getting started on. 

Knowing what comes after a successful LLC...

Partnership disputes are an inevitable part of any business structure that involves partners — and they can have wide-ranging outcomes. Most of the time, it’s in everyone’s best interests for partners to achieve a resolution and move on from the disagreement. 

You might think a partnership dispute isn’t...

When deciding to buy or sell a business, drafting a purchase and sale agreement (PSA Agreement) is essential. Here are some key points to include:

Purchase Price/Object: Will it be purchasing company assets or acquiring shares? Earnest Money and...

The most crucial aspect when buying a business is to ensure that the business does not have any underlying issues. If there are any problems, it is essential to make sure that the responsibility for those issues does not transfer to the new owner.

Once you find a business...