How should companies handle data privacy in business deals?
Business transactions increasingly involve sharing sensitive data. Following data privacy rules is important to avoid trouble. Businesses must follow state and federal laws to avoid legal and financial risk Know the laws Before entering a business deal, companies should check…
What makes a joint venture structure successful?
Joint ventures help businesses grow by combining resources, skills, and knowledge. However, structuring a successful joint venture requires careful planning and attention to detail. These key considerations ensure an effective partnership. Clearly define roles and responsibilities Clearly defining each party’s…
What does it mean to consolidate two businesses?
With the right business practices, running a company can be profitable. However, some Oklahoma entrepreneurs find they can reach greater economic heights by merging their enterprise with another company. Sometimes different business owners elect to consolidate their separate businesses. A…
Four reasons to establish a buy-sell agreement
A buy-sell agreement helps prevent future problems if there is a change of ownership at your business. Through this legal document, you establish a plan for what happens if an owner retires, moves on, becomes disabled or dies. Without a…
What are possible actions to take when buying a business?
Since companies vary in structure and size, there is no set way to purchase a business. Generally, it is important to craft an acquisition to the characteristics of the target company so that the purchase does not fail, while also…
SPACs offer the promise of high rewards with few risks
Oklahoma residents who follow business news may know that special purpose acquisition companies have become far more common in recent years. A SPAC is created to raise money through an initial public offering that is used to buy an existing…