There are many ways for businesses to change and grow, including through mergers and acquisitions, which is why business owners should be familiar with the legal ramifications of growth options. Many business utilized these options last year, as there were some significant business deals and projects announced in the Baton Rouge area. Low natural gas prices have been fueling south Louisiana's industrial growth. A private equity firm formed in the wake of an acquisition by some of the acquired company's executives made a series of local deals possible. The private equity firm grew throughout the year with a series of acquisitions.
Given the importance of contracts to most business relationships, it is perhaps surprising that contracts may sometimes be entered into with little or no thought. It does not have to be that way, however. Carefully negotiated, drafted, reviewed and executed contracts can be essential to the success of a business.
Many individuals have thought about business ownership, but happiness and independence does not always require an expensive storefront. It may be as simple as working from home as a self-employed business owner or as an independent contractor. To get started off right, it can be helpful to understand the steps to take to get set up as an independent contractor or to being self-employed and running a business. There are a number of resources available to individuals starting a business, as appropriate guidance can always be helpful when starting a business.
Commercial real estate transactions are a common part of business growth. As an example, one need only look at a Baton Rouge non-profit planning to build an $18 million assisted living facility. To construct the building, the non-profit recently acquired 4.4 acres. The 68,000 square foot assisted living facility will have 90 units, 48 of which will be for assisted living and 42 for residents with Alzheimer's Disease and dementia.