For the love of your business
For the love of your business
Every business owner makes the decision to assume some portion of risk when they operate their own business, but no one wants that potential risk to affect their personal wealth. Unfortunately, there are all too many business owners who neglect to implement the correct asset protection strategies to firmly separate business risk from personal wealth. […]
Read MoreHow to Properly Structure a Founder’s Agreement for Your New Venture We are a nation of entrepreneurs, but we are also living in a litigious society, so if you are starting a new venture and there are other founders involved, a founder’s agreement is essential to protecting your fledgling enterprise. Here are some tips on […]
Read MoreChances are if you are an entrepreneur, you have a little “issue” when it comes to controlling everything about your company — in other words, you find it hard to trust others when it comes to your “baby.” But unless you are an experienced business attorney, you probably don’t have the knowledge — and most […]
Read MoreWhether you are just starting a new business or have been running a business for years, there are four common legal mistakes that both novice and seasoned entrepreneurs make that can have a significant impact on the future viability of your company: Co-mingling of business and personal finances. You may have started your business as […]
Read MoreBusiness owners who take out loans for equipment, property or working capital need to understand how liens can affect their business in terms of the potential problems they can cause and what should be avoided. Lenders usually file liens on business loans; these liens are filed in succession and a lender always wants to be […]
Read MoreTwo recent U.S. Supreme Court decisions came down firmly on the side of businesses beleaguered by patent troll litigation, making it easier for those businesses to recoup legal fees for frivolous suits and establishing new review rules for the Federal Court of Appeals. In its unanimous decision in Octane Fitness, LLC v. Icon Health & […]
Read MoreSetting up your business as a corporation or a limited liability company (LLC) is a great way to go for most entrepreneurs, since incorporating protects personal assets from business liabilities, helps lower taxes and ensures the longevity of your business. However, as a recent article at Entrepreneur.com reminds us, there are six situations where a […]
Read MoreA recent Wall Street Journal survey on how small business owners are coping with the new healthcare law found that almost a third of those surveyed (29%) have been forced to make staff cuts. Unstable market conditions and economic pressures can force a business to dismiss or lay off employees, and employers should be aware […]
Read MoreThere are currently 13 states with laws governing an employer’s access to employees’ personal social media accounts, and 20 other states have similar legislation pending. According to recent research, 73% of American adult Internet users also use social media, so it is probably a good bet that most of your employees are on social media. […]
Read MoreWhen your company enters into a contract with another entity or person, both parties are expected to fulfill the contract terms. However, there are some situations where a contract can be found to be legally unenforceable because of these reasons: Lack of capacity – if one of the parties lacks the ability to understand what […]
Read MoreSmall businesses can ill afford litigation – not only because of the cost, but also for the time and attention lawsuits can divert from your business. Here are six tips to help you avoid one of the most prevalent sources of business litigation: employee lawsuits. Adhere to nonexempt status. If employees work more than 40 […]
Read More
