Running a business in Mississippi comes with many challenges, and among these are the inevitable business disputes that can arise. Whether these disputes involve partners, employees, customers, or other businesses, handling them effectively is important to maintaining...
Business And Commercial Law
Strategies for writing effective contracts
Contracts serve as the foundation for agreements between parties. Business owners must focus on developing effective contracts. However, disputes and breaches of contract can arise, potentially leading to costly lawsuits. Well-designed contracts help protect you from...
Different ways to appraise commercial property
Buying a location for your business gives you greater control than if you just leased the property. Still, a land purchase comes with its own risks, such as overpaying for a piece of subpar real estate. This is why you should appraise the property before acquiring it....
Should successor companies worry about litigation?
If you have owned a business that failed, you might take the lessons learned from running the enterprise and create a second one from the ashes. However, should you own a successor company, be aware that launching one could present some potential litigation risks. A...
What are common types of business ownership disputes?
According to the U.S. Small Business Administration, about 270,534 small businesses operate in Mississippi. They are important to the smooth functioning of the state’s economy. Of course, conflicts can arise among business owners in Mississippi. Understanding the...
5 common causes of business contract disputes
Business contracts are the cornerstone of commercial transactions and relationships. They serve as legally binding agreements that outline the rights, obligations and expectations of all parties involved. However, business contract disputes can arise for various...
Tips for starting a business with a friend
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...
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...
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...
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...