Just as your relationship with your business partners can seem like a professional marriage, the end of a business partnership can be something like a divorce. Some partnerships end with every jointly owned item prompting a near fight to the death, which resembles mutual destruction instead of a professional break. Other partnerships reflect mutual respect…

Signing a commercial lease is probably one of the most important things business owners do when they acquire or start a company. One main reason why the lease is so important is because they often come with a “right to relocate” clause, and business setup in Seattle and throughout the Northwest can become complicated when…

Some people just seem to be possessed of an entrepreneurial spirit, and everybody always seems to know someone with a great idea who turned it into a fortune practically overnight. Unfortunately, fast money and effortless business success are more myth than reality. It’s surprisingly easy to make mistakes when starting your own business, as the…

Most small business owners and entrepreneurs that we work with know that forming an LLC or other limited liability entity can shield business owners’ personal assets from the business’s debts and liabilities. However, far fewer know that how they operate their business might jeopardize this valuable aspect of the limited liability entity. Let’s take the…

We tend to associate with people we know and trust, which is why many new businesses start out as 50/50 partnerships between friends or family members. Despite the potential for differences of opinion, maintaining harmony in friend and family relationships even as business partners is possible with a little careful planning. Unless the owners agree…

Passion coupled with a great idea is the foundation of a successful business. Armed with the desire to succeed and a winning idea, a company’s founders must protect their venture from the beginning. First and foremost, this means making sure that the company is legally set up in a way to foster success. State law…