Accounts Receivable Collection: How to Not Chase Good Money after Bad
Running a successful business means being proactive when it comes to managing collecting accounts receivable. Approximately twenty-five percent of companies fail because of late payments and cash flow problems. Keeping an eye on your company’s cash flow is therefore...
Cease and Desist Letter Guide: Purpose, Timing, and FAQs
A cease and desist letter is an effective means of protecting one’s rights, avoiding potential legal action, preventing continued harm from being done, and serving as a warning to swiftly stop one's misconduct. This post offers guidance on when to use a cease and...
How to Sell Your Business in Kansas
Selling your Kansas-based business is a momentous occasion that calls for celebration -- and caution. Before you sell, it is important to evaluate your company and make strategic choices to work toward a smooth and successful transaction. Thoroughly understanding the...
How to Sell Your Business in Texas
Selling your Texas business is a significant milestone that requires careful planning, strategic decision-making, and a comprehensive understanding of the entire process. Below, we aim to provide valuable insights, essential steps, and practical advice to navigate the...
What To Do if Someone Sues My Kansas Business
Being served with a lawsuit can feel overwhelming and terrifying -- especially if it is your first time. Take a deep breath and understand that you are not alone. Many business owners have successfully navigated similar situations, with the proper support. The first...
How to Sell Your Business in Oklahoma
Selling your business in Oklahoma is a significant achievement that requires thoughtful planning, strategic decision-making, and a comprehensive understanding of the entire process. Below, we present a helpful guide that covers considerations, essential steps, and...
Selling Your Business? What to Expect in the Sales Process, Timeline and Legal Documentation
Selling a business is a significant milestone that requires careful planning, strategic decision-making, and a comprehensive understanding of the process. Whether you're an entrepreneur looking to cash in on your hard work or transitioning into a new phase of life,...
Are Verbal Agreements Binding in Kansas?
In Kansas, verbal agreements are generally enforceable, but that rule has some limitations and exceptions. Below, we explore the legal framework for verbal agreements in Kansas, the requirements for enforceability, which agreements must be in writing, and the...
The Importance of Having an Attorney Advise During the Formation of an LLC
A limited liability company (“LLC”) is the most popular statutory business entity in the United States. It is also the newest, with the first LLC statute enacted in Wyoming in 1977. Most other states did not catch on and establish their limited liability statutes...
