Baton Rouge businesses that are looking to lease or purchase commercial real estate have a lot to consider. As they embark on this journey and consider sale or lease prices, management agreements, and construction, they may neglect to consider zoning laws and the important limitations they can place on the use of commercial real estate.
The basics of zoning laws
Thinking of starting a business? Consider working with a lawyer
Many Baton Rouge residents dream of one day being their own boss. Still, starting a business can be a daunting process. Raising capital to purchase or lease commercial real estate, buy supplies, and hire employees can be challenging enough, but other considerations, such as a business structure and the creation of a business plan, must also be taken into account.
Understanding business formation and business structure
Choosing a business structure may seem as basic as it gets when it comes to entrepreneurship. Yet, it is a decision that can have resounding consequences. This is why Louisianans need to be thoughtful in their decision-making process when it comes to this issue. Hopefully, this post will give them some things to consider before moving forward with creating a business.
Merger could create country's sixth largest bank
Recently on this blog we discussed the forecast of bank mergers and acquisitions right here in Baton Rouge. Experts suspect that smaller banks will continue to combine their forces to reduce costs and expand client bases. To see just how powerful a merger or acquisition can be, one need only look at the plan two regional banks have in mind that, if enacted, could make it one of the biggest banks in the country.
Corporate bylaws and the board of directors
As we have mentioned on this blog many times before, there are a considerable number of issues that must be considered before starting a business. A business structure must be chosen, critical positions must be filled, a business plan should be developed, and financing must be acquired. Yet, even once the doors of a business open, the ongoing management and direction of the business can be crucial, setting the stage for success or failure. This is why a business's board of directors are so important.
Uncle Earl's acquired by oyster bar owners
Businesses are bought and sold on a daily basis throughout Louisiana, including here in Baton Rouge. Those businesses that engage in these transactions need to do so with diligence, though, lest they be taken advantage of and lose out significantly.
