If you have an employment contract, you should expect some form of financial or legal obligation by which all parties must abide. However, in some cases, an employer may terminate your employment or violate your contract in some way or another, and it is left up to you to stand up for your rights or simply allow the breach.
When a business idea runs its course or partners in a venture simply cannot agree on how to continue running a company, it is often time to close a business for good. However, many business owners do not realize that very much like marriage and divorce, creating a business is often much simpler and easier than dissolving it.
If you recently received a severance offer, your first instinct might be to take it and walk away without asking questions. On a certain level, this is a safe course of action — after all, you get to pursue some other position with some money in your pocket to ease the transition.
Starting a business is not as easy as putting up an "Open" sign in the door. It takes specific legal filings, state and federal registration, the creation of a partner or shareholder agreement, and possibly submitting an application for licenses and permits. Due to the complexities involved, it is important to seek legal advice before starting the process.