A business partnership can become like family, and you may feel your partner is more like a sibling. Even if you and your partner went through rough patches, the success of your South Carolina business is a testament to your compatibility and respect for one another. This is why the sudden loss of your partner may be a devastating blow to you, both personally and professionally.
There are several different types of legal protections available to small businesses. The specific protections you need depend largely upon the nature of your business and what property could be at stake. One of these protections is a copyright, which could offer your intellectual property a measure of protection against theft and illegal use.
The most successful way to run a race is to keep the goal in mind. This may be true of running a business as well. Knowing you have an end plan in place and working toward it may make your efforts more rewarding, especially if your goal is to pass on a thriving business to a well-prepared successor.
As a business owner, you know how important and beneficial it is to get a financial boost from time to time. In order to support local businesses and attract new businesses to the area, some parts of South Carolina offer various types of financial incentives.
There is no law that states you must enter into a formal relationship with every employee by having that individual sign a contract, but it could be a smart step toward protecting your business interests. By doing this, both you and your employee agree to fulfill the obligations outlined in the contract.
Protecting your property is about more than just setting up a security system and installing motion detectors. Protecting your interests should also extend to the property that you cannot see -- your intellectual property. When someone steals that invaluable type of asset, they could be taking your ideas, your competitive advantage and your livelihood.
Choosing an entity type for your new business demands careful consideration. Undoubtedly, your fellow entrepreneurs and others might share with you that a limited liability company gives you the best options. Well, it's true that LLCs offer many benefits, but they also come with limitations that could cause you to make a different choice.