Selling a business can be a great next step for a Louisiana business owner. However, it can be a complicated process for anyone selling a business. Familiarity with the process of selling a business, and what to expect, can help along the path to a successful sale of a business. Having proper guidance before beginning the selling process can also help.
There are a number of different disputes that can occur as part of a contract and a number of different types of issues that can occur in the context of construction contracts. In general, a labor lien can be placed when a contractor, mechanic or other vendor wishes to ensure full payment for a contract for work on a customer's property. In circumstances when payment has not been received by the date noted on the invoice, the party can place a labor lien on the customer's property to ensure full payment of the contract.
The decision to dissolve a business, and the process of dissolving a business, can be different based on the type of business. Dissolution is always an important decision for any business that should be considered carefully. Sole proprietors can dissolve their businesses unilaterally, however, partnerships, LLCs and corporations require that the co-owners of the business agree to dissolve the company according to the articles of organization guidelines.
Many individuals and business owners are familiar with the concept of intellectual property. When they think about protecting intellectual property, however, they may think first of patents. But there are different types of intellectual property that are in need of protection that may not include inventions. For instance, names may need to be trademarked and written material may need to have a copyright. These matters can be critically important at any time during a business' life, from formation to sale.
Selling a business can be a big and important step and may be something that a business owner has worked long and hard for. It is important to have proper knowledge of how to sell a business and proper guidance when approaching the sale of a business.