What Are Trade Regulations?
Trade regulation laws are laws enacted by both federal and state governments to promote unrestrained competition amongst businesses. Trade regulations extend into many categories of law, such as anti-...
Business Law
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What are the Sherman Antitrust and Clayton Acts?
The Sherman Antitrust Act is a federal law prohibiting any contract, trust, or conspiracy in restraint of interstate or foreign trade. The Clayton Act regulates general practices that potentially may ...
What is a Refusal to Deal?
The definition of a refusal to deal or a concerted refusal to deal is an agreement between competing companies, or a company and an individual or business, to refuse to do business with another. A ref...
What are the most common business model examples?
Many entrepreneurs start small, hoping to hit the big time eventually. But sometimes they become so engrossed with the details that they start losing sight......
Trade Regulation & Antitrust Concerns for the Movie Industry
President Trump’s Justice Department has made it a goal to review and possibly revoke the Paramount Consent Decrees that have regulated how the movie industry......
Business Law
Business law encompasses legal matters at every level: federal, local, and state laws. Balancing these differences may require multiple business lawyers who specialize in different......
7 Reasons Why You Should Hire a Business Attorney
A business attorney can be a protective shield for your business if legal problems arise. Read this article to find out all the benefits of hiring a business attorney....
What is a Covenant Not To Compete?
A covenant not to compete, or a non-compete clause, is an agreement in which one party agrees not to work for the other party's direct competition in a specified area for a certain amount of time. Whi...
How Many Owners/Members Can an LLC Have?
A Limited Liability Company (LLC) is a corporation and partnership hybrid that allows owners the freedom of decision making of a partnership along with the liability protection of a corporation. Each ...
Misleading, Fraudulent or Incomplete Franchisor’s Disclosure Document
Under the business law statutes of the Federal Trade Commission (FTC), the owner of a franchise business is required to disclose certain information to a potential franchise buyer in the Franchise Dis...
Do You Need to Dissolve an LLC if You Move to a Different State?
You do not need to dissolve your LLC and create a new one in the state to which you move it. There is no obligation that a limited liability company be established or formed in a state in which it doe...
How To Dissolve an LLC After Your Partner Abandons the Company
Most states will allow a member of an LLC to seek a dissolution of an LLC if there are opposing interests between the members. However, if the members cannot work it out between themselves, the court ...
Do You Need a Lawyer to Form Your Corporation?
While it is possible to form a corporation without the help of a corporate lawyer, it is important to keep in mind that the steps involved can be complex and the legal ramifications of losing corporat...
What Are Seller’s Permits?
The requirements to register and obtain a sales tax permit or resale permit vary widely from state to state: in a majority of states, businesses dealing in tangible products for retail sale (or rental...
Managing an LLC
A limited liability company may be managed however you like. When you set up a limited liability company or LLC, you create an operating agreement that will determine the management structure of the c...
Steps You Can Take to Preserve Your LLC Status
You want to make sure you maintain the distinction between yourself and your business' not always easy in a small business' but it is an important distinction if you want to limit your personal liabil...
Dissolving a Partnership
If you are operating in a partnership, then you have a right to dissolve it under the Uniform Partnership Act, which has been adopted in or influenced by the partnership law of almost every state....
Each Partner’s Legal Responsibilities in a Partnership
When groups of individuals join together in business partnerships, each member of the partnership becomes bound by basic legal duties. A business partner's legal responsibilities to the other members ...
Steps Involved in Setting Up a Partnership
Setting up a business partnership is generally a straightforward process. Two types of business partnership exist: the general partnership and the limited liability partnership. Both types of partners...
Do You Need a Partnership Agreement?
When setting up either a general partnership or a limited liability partnership, drafting a partnership agreement is a must. While it is legally possible to create a business partnership without a par...
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