Starting a business with a friend can be an exciting venture, but it is a good idea to proceed with caution. According to a survey by the Small Business Administration, nearly 70% of businesses started with friends fail within the first few years. While partnerships...
Year: 2023
How to conduct a market analysis for commercial real estate
According to the National Association of Realtors, the commercial real estate market was weaker than the national average for the second quarter of 2021. The best prospects were in hotel and lodging properties. In the world of commercial real estate, conducting a...
Dealing with intellectual property theft in your business
With information flowing seamlessly across the web, protecting intellectual property becomes more challenging for businesses. Imagine spending countless hours developing a unique product or idea for your Mississippi business, only to find someone replicating it...
Mistakes to avoid when signing a commercial lease
When expanding or establishing a business, you may need to sign a commercial lease. Whether it is for an office, retail space or a manufacturing facility, a lease agreement outlines the terms and conditions of the property rental. However, the process of signing a...
Should I name co-executors to handle my estate?
The decision to name an executor for your estate may prove harder than you had imagined, perhaps because you have multiple children who may want the position. It may seem simple to name them as co-executors, but this is an option to take with great care. Co-executors...
What to do when you and your business partner cannot agree
According to the Small Business Association, there were over 265,000 small businesses in Mississippi in 2021; many of those businesses have partners and co-owners. Running a business with a partner can be both rewarding and challenging. The shared vision, combined...
Municipal zoning restrictions for commercial real estate
As you consider buying commercial real estate in Mississippi, you may find yourself facing a myriad of considerations. From property value to location, many factors influence your decision. Among the most often overlooked, elements are municipal zoning restrictions....
What you should know about contract disputes
A contract dispute can disrupt workflow, harm relationships and expose your organization to distrust. Avoiding disagreements requires a constant effort to communicate. A good contract is one that you continually work to improve. You should address any breaches of the...
Factors to consider when purchasing commercial real estate
Entering the world of commercial real estate can be an exciting and potentially profitable venture. Whether considering an office building, retail space or multi-family housing unit, commercial properties offer numerous opportunities for growth and return on...
Navigating a data breach: Essential steps for businesses
In today's digital age, businesses face a significant risk of experiencing data breaches. When a breach occurs, it is crucial to respond swiftly and effectively to minimize damage and protect sensitive information. There are essential steps that businesses must take...