One of the most exciting and potentially rewarding ventures in someone's life is starting a business. If you are planning to do this, you might consider bringing on a partner. But what happens if you enter into a bad business partnership in Wisconsin? Fortunately,...
What happens to a business in bankruptcy?
When Wisconsin residents don't see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business...
Legal considerations for business formation
Starting a business is the dream for many Americans. Entrepreneurial spirit is strong in Wisconsin, where people start all kinds of companies. Most small business people put a lot of thought into the services and products they want to offer. But many don't put enough...
Saving the business when the marriage fails
Wisconsin spouses who are thinking about divorcing will need to negotiate a variety of things. One of the major issues will be dividing the marital assets. As a community property state, Wisconsin law states that marital assets must be divided 50/50. While this might...
What are common reasons for litigation among businesses?
Data compiled by the U.S. Chamber's Institute for Legal Reform shows that small businesses here in Wisconsin and elsewhere in the country spend as much as $100 billion annually on litigation. There are three primary reasons that companies end up getting sued. They're...
Advantages of a sole proprietorship
Are you thinking about starting a business? Will you be hiring any employees? If you will be the only person working with the business, operating as a sole proprietorship is your best option. There are a handful of advantages of running a business using this legal...
Tips for avoiding contract disputes
Taking charge of a business takes a lot of dedication and willpower. You will eventually run into problems with employees, vendors, contractors and customers. There's plenty of steps you can take to avoid many of the problems companies face. The first thing you need...
Possible layoffs announced as company looks for buyers
Many media companies are struggling as they try to pivot from print publications to online ones to appeal to readers' changing habits. F W Media is one of those struggling companies.Just a month after filing for Chapter 11 bankruptcy, F W has announced that if it's...
Common legal battles Wisconsin companies have to face
One of the reasons that business owners take out liability insurance is to protect themselves from financial ruin if they get sued. These policies don't cover every potential concern, though. Even if they were to do so, damages are capped. While the likelihood that a...
The 3 different types of bankruptcy that a business can file
Just like individuals swimming in debt may choose to file for bankruptcy as a way to alleviate their financial pressures, businesses often do the same. They may file for Chapter 7, 11 or 13 bankruptcy depending on how they're incorporated, the assets and debts they...
