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Business Organizations Archives

Independent contractor agreements protect each party's interests

Any time anyone enters into a business relationship with someone else, it can always be helpful for the two parties to draft a contract. It should define their relationship with one another, what services will be provided and for what amount of pay, as well as liabilities, that one or both may assume. Drafting such a contract can be beneficial for both parties involved.

A joint venture agreement is legally binding like other contracts

If you've ever seen one of the many different business investment shows on television, you've likely heard the terminology "core competency" used. It has to do with a company defining what they do well so that they can use it to their competitive advantage.

Tech startups are flocking to Utah to set up operations

A study published on June 11 by Crunchbase News shows Utah is fast stepping away from being known only as a hot spot for tourists hitting the slopes and would-be attendees of the Sundance Film festival. It's instead starting to be though of by business investors as the next hub for tech companies and other innovative companies.

The benefits of setting up an S versus a C corporation

Once you become committed to setting up a business, choosing between the many different incorporation options can be difficult to do. A standard C corporation and an S corporation each carry with them different advantages and disadvantages.

What are a company's bylaws and what should they include?

One of the first steps you should take after you form your corporation is to draft its bylaws. They serve the purpose of spelling out both the procedures and standards the corporation intends to uphold during its time in existence. It also dictates what activities the company will not engage in as well.

Why should I take out liability insurance for my Utah company?

Companies that have no more than 500 employees are considered to be a small business in the eyes of the Utah government officials. Interestingly, according to the Utah Small Business Association, 97 percent of all employers in the state are considered small business owners. While nearly 60,000 of those businesses have employees, more 183,000 are run by and employ a single person.

Setting up a joint venture via either agreement or incorporation

If you've come up with a business idea but feel that another company would be better suited to manufacture, market or distribute it, then you may decide that pursuing a joint venture is best. This type of business structure is often used by two companies who wish to collaborate on making a particular aspect of their business more efficient.