Sometimes, it only takes a moment of serendipity -- a great idea for a new product, the recognition of a need in the community or an agreement between two professionals to combine their business efforts -- for a person in Baton Rouge to start a new business. However,...
U.S. Federal Reserve changes policy on bank mergers
Residents of Louisiana keeping track of the banking industry may have been surprised to hear that the U.S. Federal Reserve recently approved the acquisition of Suffolk Bancorp by People's United Financial, given that the resulting financial institution would have...
Are non-compete agreements enforceable in Louisiana?
One of the worst nightmares of small business owners in Louisiana is the decision of a key employee to quit and accept a job with a competitor. One solution to this problem is the non-compete agreement in which the employee agrees not to accept a job with a competitor...
Mergers and acquisitions: two different business dealings
Most people in Louisiana these days have heard of the terms "merger" and "acquisition" in connection to business dealings, although they may not know exactly what the difference between these terms is. While the terms "merger" and "acquisition" are often used...
What are the differences between corporations and partnerships?
One of the first decisions entrepreneurs have to make is what type of business to register as. The type of business structure selected has significant impact on the business and consequences for the future of the company, including tax implications, liability concerns...