Legal Issues to Consider When Selling a Business
https://www.youtube.com/watch?v=9V5cs3lS1t4 In Rhode Island, selling the major part of a business's assets is void against the state unless you first notify the tax administrator and request a letter of good standing. Build that step into your...
Legal Issues to Consider When Selling a Business Continue reading…Common Legal Issues Business Owners Face
https://www.youtube.com/watch?v=O607swvkFys Most legal problems that sink a business are the ones no one planned for. Working with counsel early, before you sign, hire, or sell, is the cheapest protection you can buy. You...
Common Legal Issues Business Owners Face Continue reading…Legal Steps to Take When Starting a Business
Choosing the right business structure and filing the correct paperwork now can protect your personal assets for the life of your business. https://www.youtube.com/watch?v=Cg9PvR_v6P8 Build Your Business on a Legal Foundation, Not Just...
Legal Steps to Take When Starting a Business Continue reading…Should You Hire An Attorney To Represent You Prior To Signing An APA When Buying A Business?
An asset purchase agreement defines every aspect of your acquisition. Signing without legal review exposes you to risks you may not even recognize. Yes, hiring an attorney before signing an asset purchase agreement is essential when buying a business. APAs contain complex provisions governing which...
Should You Hire An Attorney To Represent You Prior To Signing An APA When Buying A Business? Continue reading…Do I Need an Attorney for a Business Income Loss Claim?
When a business is forced to shut down because of property damage, owners often assume the insurance company will accurately calculate the loss and issue payment promptly. In reality, business income loss claims are some of the most highly disputed and underpaid claims in the insurance industry. These claims involve complex financial...
Do I Need an Attorney for a Business Income Loss Claim? Continue reading…Are Your Property Covered if it Suffers Riot Damage?
If your home or business in Rhode Island or the Boston, MA area is damaged during a riot or civil unrest, will your insurance policy cover the loss? The answer depends on the specific terms of your policy and any endorsements you’ve added. While most standard property insurance policies include coverage...
Are Your Property Covered if it Suffers Riot Damage? Continue reading…Understanding Business Interruption Insurance and Its Purpose
Unexpected disruptions can bring even the most successful businesses to a standstill. Natural disasters, fires, flooding, vandalism, or even widespread events like the COVID-19 pandemic can disrupt normal operations and lead to severe financial losses. That’s where business interruption insurance comes in—a critical form of coverage that many business owners overlook until...
Understanding Business Interruption Insurance and Its Purpose Continue reading…
What Documents and Licenses Do You Need to Start a Business?
Embarking on the journey of starting a business in Rhode Island is an exciting venture, but it requires careful planning and adherence to legal requirements. Understanding the necessary documents and licenses is crucial for a smooth launch and ongoing operations. Here are the documents and licenses you need to start a business...
What Documents and Licenses Do You Need to Start a Business? Continue reading…
Considerations When Naming Your Business
When starting a business, the name is everything. A business’s name conveys its purpose and its culture, can act as a marketing tool, and provide many other keys to success. The name offers a chance to stand out and broadcast your business. Most importantly, the business name allows potential customers to...
Considerations When Naming Your Business Continue reading…
Operating a Home-based Business
For many entrepreneurs, a home-based business is a necessity as the costs are simply too high to rent a separate office or area. Many small business owners find that working out of a home office allows them to maximize their time to develop and grow the business. Similarly, those with families...
Operating a Home-based Business Continue reading…
Force Majeure in Contracts
Force majeure is a legal term that many are familiar with, but few understand. In law, force majeure is often claimed as an excuse for breaching a contract following severe and unexpected events, such as a devastating hurricane. Due to the impacts of COVID-19, many businesses and investors...
Force Majeure in Contracts Continue reading…
Partnership Agreement Basics
Partnerships are a common business structure in the US because they do not require a formal agreement; rather, partnerships begin when two or more persons engage in a business enterprise for profit. Many partnerships start in this manner before drafting a clear partnership agreement to govern the enterprise. At PALUMBO LAW,...
Partnership Agreement Basics Continue reading…