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August 2018 Archives

Buying out a partner? Don't make these mistakes

If you run a business, one of the things you might be interested in doing is buying out your partner. Maybe the partner isn't interested in continuing on, or you would prefer to take over as the sole owner. Either way, you'll need to look into buying out your partner.

Nonrecourse lending versus recourse loans: The difference

There is one major difference between nonrecourse and recourse loans that you should know before you decide to take one. The primary difference is that in a nonrecourse loan, the lender cannot seek assets other than the home or property in the case that you default.

3 tips for getting the right commercial property

Commercial real estate can give you a great option for investing in a stable financial future. You may choose to purchase a factory, shopping mall or other commercial property, all of which can then be rented or eventually sold for a profit.

Make sure you have a legal confidentiality agreement

Confidentiality is a way of life when you run a business. If your secrets get out, then other businesses could steal the things you've learned and created for yourself, giving them an edge over you and eventually putting you out of business. To avoid having this happen, it's a good idea to get a confidentiality agreement with anyone you hire. That agreement would hold them personally accountable if they gave away company secrets.