We know that building a thriving family business takes a lot of hard work, and to ensure the business continues to thrive, it takes foresight and planning. When business owners are preparing to transition the business to the next generation of leadership, it is critical to have a well-considered succession plan to guide them. To […]
Read MoreIt is a common misconception that oral contracts are not enforceable. It is true that certain agreements must be in writing to be enforceable. For example, the statute of frauds requires agreements involving real property, marriage, performance over multiple years and the sale of goods over $500 to be in writing. If an oral agreement […]
Read MoreMany business owners encounter cash flow problems at one time or another, primarily due to slow collection on past due invoices. However, the way you invoice can help you avoid late payments. Here are six tips to good billing practices: Identify each service or good being provided along with its cost. Be sure to include […]
Read MorePeople would probably be amazed at the opportunities that exist for starting a business. For a lot of business ventures, all that is really required is an entrepreneurial spirit and modest capital. Here are a few examples. Some Low Budget Options In today’s difficult job market, career counseling is a needed service. With a little […]
Read MoreIf all it took to make a new business successful was the desire to be your own boss, no business would ever fail. A new business includes lots of sacrifice, determination, hard work and a clear understanding of both your business and your ability to perform well as an entrepreneur. Before deciding if owning your […]
Read MoreBoomers are now the fastest growing segment of new entrepreneurs, according to the Kauffman Index of Entrepreneurial Activity. This is not really surprising since most boomers have the skills acquired from decades of work that are needed to start a business, and have a network in place to help them succeed. Here are some tips […]
Read MoreOn November 20, 2014, President Obama outlined his executive order on immigration, and the following day issued two Presidential Memoranda that laid out additional directives for the modernization of the U.S. visa system and integration of millions of undocumented immigrants into American society. Many of these changes will affect U.S. employers as well as foreign […]
Read MoreThe question of whether an employee’s LinkedIn contacts can be considered trade secrets belonging to a former employer is a question currently before a Central California district court. In Cellular Accessories For Less, Inc. v. Trinitas, LLC, defendant David Oakes was a sales account manager for Cellular Accessories for Less, Inc., a company that sells […]
Read MoreHoliday parties that had fallen victim to the economic recession are now back at many offices across the country, and are a wonderful way to show your appreciation for your employees and their hard work during the year. However, business owners are also wary of hosting parties that could leave them with a legal hangover. […]
Read MoreIf 2015 is the year you decide to strike out on your own and start your own business, there are some basic legal issues you need to take into consideration as part of your start-up planning. Here are our top 10 legal tips for entrepreneurs: Choose the right business structure. Most businesses start life as […]
Read MoreIf you are a small business owner, chances are that most of your personal net worth is tied up in your business. So even if selling your company is not on your radar anytime soon, there will come a day you will want to cash out and sell it at the best possible price. Even […]
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