The basic law of contracts is quite simple...one party makes an offer to another, the second party accepts, and something of worth must be exchanged on each side. Sounds simple, right? Well, not always....Below are some of the most common contract nightmares.

What does it take to start a business? Folks who have been there know, it often doesn't take much, but starting things out the right way can make all the difference between success and failure. So, what does it take to start a business? What follows is very likely not an exhaustive list, but will hopefully prove helpful to anyone thinking of doing something new.

You should not start a business without consulting with professionals, and that includes a lawyer. I've seen too many folks try to DIY the start-up, and though they save money on the front end, they end up spending at least 10 times more on the back end to fix issues that could have been completely prevented. But professionals (especially lawyers) are expensive. So what to do? I've got an idea...

One of the first things new business owners do is decide what to name their new enterprise. Since there are a LOT of companies in the world, it’s likely that any name an owner chooses will be in use somewhere. That’s when things really get interesting.