When two or more business owners get together to form a business relationship, they have a few options as to what type of relationship to enter into. The two most common business relationships are partnerships and joint ventures. So, what is the difference between a...
Ideally, you will have a good relationship with your Louisiana business partner. However, regardless of how well you get along with this person, there is a chance that conflicts will occur. Fortunately, there are steps that you can take now to prevent a minor...
People may have an idea for a new business in Louisiana or may have been working for a company for a long time and want to branch off and start their own business. This can be an exciting time, but business formation also takes a significant amount of planning before...
As a Louisiana business owner, it is almost inevitable that at one point or another, a dispute over some portion or operation of your business may arise. When this happens, it will quickly become evident how important it is for a business to be set-up properly from...
The steel plant operated by Bayou Steel BD Holdings, L.L.C. has been a fixture of the landscape in LaPlace since it was opened more than 40 years ago. In October 2019, the owners of the company filed a petition under Chapter 11 of the United States Bankruptcy Code...
Owners of small businesses in Baton Rouge may wish to sell their business or a portion of it for many different reasons. Perhaps the most common reason is retirement: the owner of the business has spent several decades building the enterprise and wants to retire....
When choosing a structure for your new business, one of the most important things to consider is liability. The amount of personal liability you take on will determine whether you will be held liable for damages that occur during the operation of your business or any...
When a customer or client does not pay for goods or services provided, it may create a domino effect of struggle. Nonpaying customers may be especially difficult for small and midsized businesses. While there is no foolproof method for ensuring every customer will pay...
The prospect of your business' first lawsuit can seem like a major life catastrophe. But many of the world’s most successful business people take a deep breath and refuse to let the legal distractions get in the way of their entrepreneurial spirit. Paying attention to...
Louisiana business owners who are interested in protection against liability may be interested in creating a limited liability company (LLC). One of the key benefits of having an LLC is that the owners of the business are not typically personally liable for the...