When running a business, it’s practically inevitable to experience minor disputes of one kind or another. Whether it’s a customer who refuses to pay their bill, a vendor who doesn’t deliver the goods you’ve ordered, or a contractor who fails to meet the terms of their agreement, such conflicts are a simple fact of doing […]
Read MoreGetting your business off the ground can be challenging in many ways: long hours, tough decisions, and ruthless competition, to name just a few. But perhaps the most challenging aspect of launching a startup involves financing. Indeed, getting the cash flowing and keeping it flowing is the lifeblood of your operation. Without proper financing, sometimes […]
Read MoreQ: What is employment practices liability insurance, and do I need it? -Befuddled Boss Employment practices liability insurance (EPL) protects your business from lawsuits that originate over employment disputes, including suits brought by current employees, former employees, and even potential hires. EPL is one of several different types of businesses liability insurance, such as general […]
Read MoreYou’ve undoubtedly heard news stories about big companies like Target and Equifax having their computer networks breached and their customer data stolen. Depending on the nature and severity of the breach, these companies can face massive lawsuits, hefty fines, and see their reputations negatively impacted by the resulting media fallout. To guard against cyber threats, […]
Read MoreSetting up your business as a corporation or limited liability company (LLC) is a crucial way to protect your personal assets from debts and other liabilities incurred by your business. The ability of a corporate entity, such as an S Corp or LLC, to separate and safeguard your personal assets is often referred to as […]
Read MoreAs more and more businesses take advantage of the numerous benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classifications can get somewhat blurred. Understanding the difference between the two can be complex, but getting it right can be one of the most important business decisions you’ll ever make. […]
Read MoreChoosing a successor to take over your business doesn’t mean selecting someone who’s exactly like you or even someone you like. It’s about choosing someone who’s not only well-qualified for the role, but someone who also has the vision and skills to lead your company into the future. With so much riding on your decision, […]
Read MoreQ: With Trump’s new tax law in effect, do I still have to comply with Obamacare’s employer mandate? -Insurance Inquiry A: Dear Inquiry: While Trump’s Tax Cuts and Jobs Act (TCJA) did repeal the Affordable Care Act’s (ACA) individual mandate, the new law did NOT change the employer mandate. So if you were previously required […]
Read MoreGoing to court to settle a dispute is something most people want to avoid, especially business owners. Even if you end up winning your case, litigation is time consuming, costly, and almost never good for your brand. Yet, whether it’s with an employee, client, vendor, or some other entity, disputes are practically inevitable for all […]
Read MoreMention developing your corporate culture these days, and many people think of having a relaxed dress code, allowing your team to bring pets to work, or adding a ping pong table to the break room. But your company culture is much more than that. A strong corporate culture is integral to your business. It affects […]
Read MoreIt’s challenging enough to run a successful business without having to worry about getting sued. But in today’s highly litigious society, lawsuits are all-too-common, and you should take every necessary precaution to protect your company from unnecessary litigation. One of the worst aspects of lawsuits is that even if you win, you’re still on the […]
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