Regulations around individuals’ capacity to contract look at who may act in legal transactions and who may not or only to a limited extent. In this way, persons unable to contract are to be protected from unknowingly damaging themselves or others. Whether a person has the capacity to contract depends on their age or mental health. But what is the capacity to contract, what changes at which age group, and what restrictions are there?]]>Wed, 21 May 2025 09:05:58 +0000
Nomen est omen: The name of a company should be well thought out. A good company name that accurately reflects the characteristics of the business, products, or services can be invaluable—especially if it is well-known and positively perceived within the target audience. However, to ensure exclusive rights to its use, you should protect your company name—such as by registering it as a trademark.]]>Wed, 21 May 2025 09:05:24 +0000
If several people or entities want to operate a commercial business together, their first step is finding a suitable legal form for their business. An interesting, common solution is a limited partnership. This is comprised of general partners, with unlimited liability, and limited partners, with limited liability. How is liability regulated among limited partners? What rights and obligations does a limited partner have?]]>Mon, 19 May 2025 08:05:00 +0000
The business structure determines how a company is run regarding its legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common types of business organizations in the U.S. and explain what you should bear in mind when choosing the legal entity that’s right for you.]]>Fri, 16 May 2025 13:05:42 +0000
You are probably familiar with your company’s shareholders. But what about its stakeholders? The success of your business depends on various stakeholder groups, not just employees or shareholders. External stakeholders such as suppliers, customers, the government, and the public have a significant impact. In this article, we give you a stakeholder definition as well as example of stakeholders.]]>Wed, 14 May 2025 09:05:55 +0000
Coming up with good ideas for your business name is no easy task. It requires a lot of creativity and patience. There are also a number of pitfalls to watch out for, like losing the connection with your company and unintended double meanings. But with a good amount of brainstorming and feedback from those around you, you can find a unique business name that works well for your company. Keep reading to find out more.]]>Tue, 27 Feb 2024 08:02:12 +0000
Before you start doing business, you should check to make sure your business name is available. Using a business name that already exists can lead to a number of problems. Choosing a unique name will help you to avoid legal issues like trademark infringement and boost your brand recognition. Keep reading to find out how you can check if your company’s name is already being used by another company.]]>Fri, 23 Feb 2024 10:02:54 +0000
An attractive brand that is recognizable is the basis for economic success. If you want to successfully pursue brand building, you should first define what values the brand stands for, what your target group is, which business goals are to be achieved and which marketing strategies you want to use for brand building. We explain everything you need to know about this topic.]]>Tue, 28 Nov 2023 11:11:23 +0000
Around the world in seven steps. If you plan on becoming a digital nomad, preparation is half the battle. Regardless of your status – whether you’re an employee or self-employed – there are a few formalities you should take care of such as insurance before you commit to a life on the road. Read on to find out how to become a digital nomad in 7 steps.]]>Tue, 12 Sep 2023 12:09:19 +0000
A few hours on the laptop in the morning, taking calls at the beach bar in the afternoon, and sight-seeing in the evening: Digital nomads live and work in a place of their choosing, often requiring little more than a stable Internet connection. If that sounds like the dream, read on to find out which jobs are suitable for a nomadic lifestyle and what its advantages and disadvantages are.]]>Tue, 12 Sep 2023 12:09:18 +0000