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...
Year: 2023
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...
How risky is business litigation?
Like other entrepreneurs, you know exactly how to make money by selling a product or service to customers. Business-related legal matters are not exactly in your wheelhouse, though. For that reason, you devoted a significant amount of time, money and energy to...
When are owners personally liable for an LLC’s debts?
Going into business can be a gamble, as there are no guarantees of success. If your business venture fails, you might worry about losing your personal assets. That is, your venture's creditors might try to hold you personally liable for its debts. According to...
Is self-storage a smart commercial real estate investment?
Some types of Mississippi commercial real estate investment opportunities tend to be more profitable than others. Similarly, some types of commercial real estate opportunities carry less risk than others. While no type of commercial real estate investment is without...