Starting a business is a complicated process that requires a lot of planning, advice and work. The same is true of ending or dissolving an existing business entity. You don't just get to terminate your lease and move on with your life. You need to plan for the strategic dissolution of the company in order to avoid financial or legal consequences. What are some of the things that you need to do when the time comes to dissolve your business?

Doing business always comes with some degree of risk. You might have affordable supplies to manufacture a product now but will run into supply chain issues later. Demand for certain products or services can decrease substantially as trends change.It's even possible that personal issues, like health problems, lead to you going out of business to focus on yourself instead. If your company closes while it still carries debt, will you have to worry about creditors coming after your personal assets?

When you’re setting up a business partnership, there are plenty of things that people will tell you. They may tell you to be the minority owner, so you take on less risk, or they might tell you that you should find a partner with similar skills as yours.Don’t fall for these or other myths about partnerships. Here are three myths and the truths that you need to know.

When you and your business partner don’t agree on matters related to the company, finding a resolution is a priority. This isn’t always easy because each party might feel strongly about what needs to happen. Depending on the severity of the problem, the company might start to suffer greatly. For most company owners, taking stock of the situation and trying to work things out with as little impact to the business becomes the focus. There are three general categories of disputes that business partners might have. These include disagreements about intellectual property, money and methods of operation for the company…

When you take a job, you start making money immediately. Two weeks in, you’re going to get a paycheck, and those are instant earnings. Not so if you start a business. While the ceiling for earning is much higher -- maybe millions, if it all works out -- it can take time to start turning a profit. How long is it going to take? Many experts predict that it can take from two to three years…

You built your business from the ground up, starting with just an idea. Your grit and determination have paid off and your company is thriving. Just the same, something has changed and you no longer feel the same spark of enthusiasm every day when you get to work.Is it time to sell?

When you’re starting a business, one of the first steps is to choose the kind of business you want to have. That can be a little tricky, but by asking yourself a few questions, you’ll be closer to the answer…

Building a business is no easy feat. It can take years of hard work and dedication to secure stability and grow to a point where you feel comfortable. It request a deft hand when it comes to selecting a location, securing supply chains, marketing and advertising, providing customer service, and hiring talent. As challenging as that can be, merely establishing your business doesn’t mean that you can simply coast along. Instead, you have to diligently work to protect your business interests and, oftentimes, thereby protect your market share…

The world is an uncertain place, and good contracts seek to anticipate as many potential problems as possible -- including circumstances where it becomes exceptionally difficult, if not outright impossible, to fulfill your end of a bargain. Force majeure clauses and other clauses that address the impossibility or impracticality of one party’s performance can save the day when disaster strikes. Most importantly, they can give you a defense against a breach of contract claim by allowing you to cancel the contract when certain conditions are beyond your control…

Conventional wisdom says that location is one thing you need to pay careful attention to when starting your own business. You must have the right property to make the business thrive. It’s not all about your goods and services. A terrific business in the wrong location can still fail. Does this still matter today?