They say that teamwork makes the dream work. In fact, many of America’s most successful small businesses were founded by teams of two, many with no partnership agreement in place when they were first formed. Some of these dynamic duos went on to lead the world’s most lucrative companies. However, not every casual business partnership will end with its...
Continue ReadingPartners can create a partnership easily—often with nothing more than a handshake or a plan written down on the back of a napkin. However, the trade-off for that ease is that partnerships can often be more difficult to end, especially when only one partner wants out. In many cases, when the economy or business circumstances change, entrepreneurs find themselves...
Continue ReadingAs your business relationships become more complex, it becomes increasingly important to understand what makes a contract legally binding in Wisconsin. This will help you better assess risk, manage your liabilities, and understand your rights and obligations. Contracts are legally enforceable promises. Laws concerning contract formation in Wisconsin are meant to facilitate commercial transactions and prevent underhanded dealing. Generally,...
Continue ReadingIf you’ve invested your hard-earned money in real estate, the last thing you want is for a legal claim to wipe out your investment and undo your hard work. Asset protection in real estate is a way to insulate your investment and personal finances from outside claims. For example, you can put the real estate in a limited liability...
Continue ReadingParties enter into a contract with the goal of everything going as planned. But unfortunately, things can happen that prevent people from performing the contract. When the unexpected happens, it’s essential to understand the legal remedies for breach of contract and to contact an attorney to protect your legal rights. Mallery s.c. has years of experience helping individuals and...
Continue ReadingIf you’re like most people, you went into business to stay in business. But not all companies last forever, and not all business relationships withstand the test of time. Sometimes, business partners agree to part ways and do so amicably. Other times, one partner tries to push the other partner out of business, creating legal headaches and complications. In...
Continue ReadingWith the hot housing market, people are buying and selling homes in Wisconsin at an increased rate. The current housing market brings real estate investors, new and seasoned, plenty of opportunities. Investing in real estate can provide you with long-term security and income, or it can lead to financial headaches. Fortunately, there are steps that you can take to...
Continue ReadingA business sale or business closure can be a sad event, a weight off of your shoulders, or a mixture of both. Regardless of how you feel about walking away from a venture you built, remember that it’s not as easy as just cutting off the lights and locking the doors for the last time. To make a clean...
Continue ReadingAs you probably already know, rarely do all variables align perfectly when you’re ready to sell your business. You’re likely going to have lingering obligations, even up to the day you hand over your keys to the new owner. Many of these loose ends come in the form of business contracts. So, What happens to the contracts when a...
Continue ReadingWith the sharp rise in remote work, commercial tenants may have a growing interest in abandoning the traditional office. But what happens if you walk away from a commercial lease depends on the circumstances. Chapter 704 of Wisconsin’s statutes governs commercial landlord and tenant matters. Tenants who walk away from a commercial lease may have to pay some or...
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