July 2016 Archives
Adidas recently developed a new type of shoe that has a "blade-like" attachment to the bottom of the shoe. This design is meant to give runners and walkers more spring in their step (both metaphorically and literally). The line of shoes are called Springblades, and their overall look and design was so enticing that Skechers simply couldn't help themselves -- again.
Often, when forming a new partnership in business, the excitement of a new business leads to partners putting off establishing the correct documentation to define the business relationship. As with many relationships, it can be tricky to know when to define things officially in a business partnership. However, the sooner that key responsibilities and outcomes are defined with well-crafted documents, the greater likelihood the partnership has of avoiding uncomfortable and costly problems that may arise down the road.
As most people are aware, businesses can either be public or private in nature. When a company goes public, they open up shares for sale that anyone can purchase. This can be very beneficial to a company's growth and bottom line, but it can also present problems. That's why some companies choose to utilize the "closely held corporation" approach to their company.