Q: Is an Operating Agreement the Same As Bylaws? – Curious A: Dear Curious, Bylaws are internal documents that govern a corporation, and operating agreements break down an LLC’s operating procedures. Operating procedures in the corporate bylaws lay out specific rules for members executives, employees, and shareholders. They typically include contact information for the corporation, […]
Read MoreWhen you are just starting your business, it’s easy to lose sight of just how many potential risks your company faces. Yet a single catastrophic event, accident, or lawsuit can wipe out your company before it even has the chance to get off the ground. What’s more, as we’ve seen with the events of 2020, […]
Read MoreIn the first part of this series, we discussed different strategies entrepreneurs can use to protect their business and personal assets. Here, we’ll look at two final ways entrepreneurs can achieve asset protection. No matter what line of business you are in, the reality of being a successful entrepreneur is that you open yourself up […]
Read MoreNo matter what line of business you are in, the reality of being a successful entrepreneur is that you open yourself up to a number of unique risks—and the more successful you get, the more risks you face. Asset protection planning is intended to reduce or eliminate the risks of being in business by shielding […]
Read MoreGiven that intellectual property (IP) can make up a significant portion—sometimes up to 90%—of the total value of today’s companies, it’s essential that you do everything you can to protect these intangible assets. And one of the first IP elements you’ll want to protect are your company’s brand name and logo. To safeguard these brand […]
Read MoreAs businesses across the country continue to grapple with how to safely reopen during the COVID-19 pandemic, the Equal Employment Opportunity Commission (EEOC) recently advised employers that requiring mandatory antibody tests for employees before returning to work violates the Americans with Disabilities Act (ADA). The EEOC issued its new guidance on antibody tests on June […]
Read MoreQ:My Trademark Is Being Infringed Outside of the United States: What Should I Do? – Infringed On A:Dear Infringed On, Before you take any action, take a breath and ask yourself this question—how will this infringement actually affect your business? Taking on international infringement takes time, money, and energy. If the company does most of […]
Read MoreA couple of weeks ago, I covered making the choice to accept Emergency Injury Disaster Loan (EIDL) money, and got into some of the nuts and bolts of what that might mean for your business. If you’ve been offered EIDL money, you might still be on the fence about it. Maybe you’re scared that, if […]
Read MoreFirst of all, a quick reminder: July 15th is this year’s due date for federal taxes, pushed back from April 15th due to the upheavals caused by the coronavirus, so get in action now, if you are not already, to get your taxes prepared and filed. Today we’re talking about the importance of keeping meticulous […]
Read MoreCOVID 19 has complicated most things that have to do with business, and that includes the rules about granting sick leave to employees. You may already know about the Family Medical Leave Act (FMLA), but what you may not have heard is that on April 1st of this year, the federal government enacted another temporary […]
Read MoreYou may have opened your inbox in the last couple of weeks to discover an email from the Small Business Administration (SBA), finally offering you Economic Injury Disaster Loan (EIDL) money you applied for a couple of months ago. Many business owners just like you jumped at the opportunity to get money from the EIDL […]
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