Risks Associated with 50/50 Business Partnerships

Let’s talk about 50/50 partnerships. Structuring a business as a 50/50 partnership can have several advantages, such as shared decision-making power and equal distribution of profits and losses. However, there are also potential problems that partners may encounter with this structure.

By: Nicholas Vivian  Date: May 12, 2023

Why Should Financial Institutions Consider “Custom” Loan Documents?

Most financial lenders have a library of loan documents they can prepare in-house, and they are typically familiar and comfortable with those documents.Moreover, “form” loan documents usually integrate with the lender’s other systems, such as for loan administration, offering efficiency and reducing risk of data entry

By: Eric Sherburne  Date: January 26, 2023

Are You Ready to Pass on Your Business?

You have spent years creating a company. You have put in sweat, money, time and energy into building a legacy for your family and community. But now it’s time to hand over the reins. Are you ready? The Baby Boomer generation is in the process of retirin

August 24, 2022

What are the four types of business entities?

So you have made the decision to start your business and begin down the exciting path of entrepreneurship. You’ve determined your product or services, researched the market and developed your plan. Now, before you can take the next steps toward making your dream a reality you must determine how you will form your business entity…

By: Tom Loonan  Date: August 17, 2022

The Basic Legal Aspects of an Effective Business Plan

As we enter the final month of the year and excitement grows for the holiday season many people may not realize December also holds a special designation for business owners and aspiring entrepreneurs. It is National Write a Business Plan Month.

By: Tom Loonan  Date: November 30, 2021