When planning the finer details of your web store, rushing through your financial plan can lead to chaos. It’s important to be aware of how much money you need to spend, and only an extensive finance plan can provide the necessary security for the development of your web store....
If you’re planning to set up an online store, you have a lot to consider. Amongst other things, your checklist will include applying for a business license, developing a concept, and calculating your finances. But don’t despair! A host of webstore programs and optimization functions are on hand to help you succeed.
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
Are you planning on setting up a side business and want to know how to go about it? Starting your own side business while working full time is a great way to minimize your financial risk. Test the waters, but first make sure you are legally registered and that you are even allowed to work on the side. This article contains a step-by-step guide on how to make the process run without a hitch.
Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place: we share the company’s values. These values are formed on the basis of the company vision and mission statement. But what...
By definition, due diligence is pretty much risk assessment undertaken with great care. Anyone who buys a company, or has shares in a company or in real estate, should carry out due diligence procedures to protect themselves from unpleasant legal or financial consequences. Although this examination can sometimes be complex and expensive, failing to do so and paying the price later is usually more...
Company registration might not be required for every US business, but it’s important for public companies to file their documents with the Securities and Exchange Commission’s database, known as EDGAR. We introduce you to the electronic filing system and what to expect.
Commercial law provides for various regulations when it comes to liability issues in a general partnership. The company itself may enter into liabilities and have to assume responsibility for them independently. You can find out who is liable and how liability is regulated for the entry and withdrawal of partners or how to dissolve a general partnership in this article.
Crowdfunding sites allow artists and start-ups to collect donations for their projects. Instead of relying on large investors, you place your trust in a donations-based financing concept, which operates on small donations by lots of individuals. In return, you reward your backers with updates about your developing project, as well as sending them a small thank you gift in return – although this is...
Regulations around individuals’ capacity to contract look at who may act in legal transactions and who may not or only to a limited extent. In this way, persons unable to contract are to be protected from unknowingly damaging themselves or others. Whether a person has the capacity to contract depends on their age or mental health. But what is the capacity to contract, what changes at which age...
A limited partnership is an attractive business model for people looking to start a commercial sector enterprise. It enables shareholders to reap the successes of a business without having to participate in management. Under what circumstances can a limited partnership actually be formed? What should future shareholders bear in mind when setting up a limited partnership?
Starting a business can be challenging. In this category, prospective entrepreneurs will find everything from coming up with a sustainable idea and creating a strong business plan, to funding, legalities, and the key steps required to get a project off the ground.
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