For the love of your business
For the love of your business
Beyond the products or services you offer, your company has intellectual property that needs to be rigorously protected. Too often, business owners and entrepreneurs neglect to put the proper safeguards in place, which can lead to big legal expenses down the road. Here are 6 costly IP mistakes you need to avoid to protect your […]
Read MoreConsider all the time you have spent or will spend building your business – and then consider how much energy you have spent on how to protect it or protect your family from it. Unfortunately, many small business owners don’t give much thought to asset protection until it’s too late – when a suit is […]
Read MoreInc. magazine recently wrote an article that made me realize many business people are flying blind about the legal parts of business. These are all places you could get in trouble, if you aren’t awake, aware and doing business with your eyes wide open. Personal assets are protected by the right business entity. Choosing a […]
Read MoreDisciplining and/or firing an employee is one of the most dreaded tasks for CEOs and small business owners. Sometimes the trauma of termination can be just as bad for the boss as it is for the employee. But in this litigious society, bosses need to take extra care when disciplining or firing an employee to […]
Read MoreAccording to the Wall Street Journal, litigation over noncompete agreements has risen 61%in the past decade – a number that may be low considering most cases are settled out of court and not reported. Long considered the standard for senior management employment contracts, noncompetes are becoming increasingly common at all levels of employment as a […]
Read MoreOne of the most common business disputes involves a breach of contract, where lawsuits are filed because one party believes another party has failed to deliver on the terms of a written –or sometimes oral – contract. If your business is ever involved in a breach of contract suit, you need to be aware of […]
Read MoreIt’s been said that into every life a little rain must fall, and for small business owners, that shower (or storm) can come in the form of a customer or client’s bankruptcy. Here are some tips on what you need to do to improve your odds of getting paid: Stop contact. Bankruptcy law prohibits creditors […]
Read MoreA new Small Business Administration rule implementing part of the Small Business Jobs Act of 2010 provides more protection for subcontractors in their dealings with primary contractors, according to a Washington Post report. The rule, which goes into effect in mid-August, requires a prime contractor to notify the contracting agency if it decides not to […]
Read MoreBeing the owner of a family business can complicate your personal estate planning, since no doubt much of the wealth you want to pass on to your heirs is tied up in the business. Being able to do so in a tax-advantaged way – and in a way that won’t cause a family feud – […]
Read MoreA recent post in the New York Times’ “You’re The Boss” column reflected on lessons learned from difficult company successions that were made that way because there was no plan in place to follow. Susan Parker owns Bari Jay, a bridesmaid dress company that she and her sister inherited from their father. Parker had never […]
Read MoreAs the U.S. population ages, so does its workforce. According to the U.S. Dept. of Labor, one-third of the American workforce will be over the age of 55 in just three years. As a small business owner, chances are you have plans to retire some day. If you are not planning to sell the business […]
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