Business Law

As a business owner, you will want to take steps to protect yourself against unfair competition. This may be a concern when employees leave your company, since they may go to work for a competitor or start their own business and use knowledge of your practices, customers, and trade secrets to gain an unfair advantage against you. To protect against this possibility, you may be able to use non-compete agreements in employment contracts, severance agreements, or other types of business contracts. However, you will need to understand how these types […]

To protect your business, it is important to have the proper documentation in place at all times. There are a variety of legal documents that will need to be created, but starting from scratch every time a new document is needed can take a great deal of time and lead to unnecessary expenses. However, failing to include the correct terms in a legal document may cause significant problems in the future. By drafting multiple types of templates that address different areas of business law, you can make sure your needs […]

Most of the time, the last thing a business owner wants is to end up in court. Lawsuits can be very expensive, and they can take multiple years before they are fully resolved. Since the onset of the COVID-19 pandemic, lawsuits have been an even greater concern due to courts being closed or operating at a limited capacity. Even seemingly simple cases may now drag out for an extended period of time, causing more difficulty and expense for businesses. While there are some situations where business litigation may be unavoidable, […]

Businesses throughout the United States have had to make a number of changes over the past few years. During the COVID-19 pandemic, many businesses have been forced to close their doors or take steps to limit in-person contact. While some companies have been able to adapt and continue operating, they have likely had to make significant changes. As businesses determine the best ways they can protect people’s safety and meet demand for work from home and hybrid work schedules, while continuing to operate successfully, they may need to consider whether […]

Experts are predicting a bit of a slowdown in economic growth in the United States this year. This may occur for many reasons. While ongoing issues related to the COVID-19 pandemic are the most obvious cause, other factors include rising inflation, changing government policies, the difficulties that many businesses have experienced with hiring employees, supply chain disruptions and bottlenecks, and reduced spending by consumers due to illnesses or other economic issues. For any business, it is important to be prepared for economic downturns. Fortunately, there are a number of strategies […]

As a business owner, you will likely be looking at ways you can ensure that your company will be able to grow, expand into new markets, and increase revenue. As you continue to pursue your growth strategy, you may want to consider acquiring one or more other businesses. A horizontal expansion may help you gain a stronger foothold in the marketplace, while a vertical expansion may help you avoid supply chain issues and provide you with greater control over the distribution process.  Tips to Follow When Acquiring a Company As […]

Operating a small or mid-size business involves many different tasks, and many times requires people in leadership positions, including the business’s owner, to wear multiple hats to get things done. However, trying to play multiple roles, some of which may not even be within the skill set of your staff, can stretch people thin, making it difficult for them to focus on their core job role. It also may not be giving you the best results. This can affect a business’s ability to grow, since leadership may be focused on […]

Continuing growth can be a challenge for many small and mid-size businesses. If your business is still relatively new, you may not yet be prepared to take advantage of growth opportunities. If you have an established business, you may have been on a steady path for a while but have not been able to move in the direction you want. If you are looking to grow but have not been able to make progress, it is time to evaluate where you are currently and determine the steps you can take […]