Business Law

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 […]

Small business owners put a lot of themselves into their companies, and they will often be looking to make sure their businesses will be able to succeed even when they are no longer involved. A person may choose to sell their business for many reasons, including because they plan to retire, because they want to pursue other opportunities, or because they believe that others may be able to take the business in new directions and take advantage of changes in the marketplace. If you are looking to sell your business, […]

A business partnership can be very beneficial for everyone involved. Partners may share the costs of founding, operating, or expanding a business, and they can work together to navigate the ups and downs that affect their company. Partners can also provide each other with insight into their different strengths and weaknesses, which will help them determine the best steps to take to ensure that their business can continue operating successfully. However, a good partnership needs ground rules, as well as shared goals and expectations. The best way to ensure that […]

For business owners, the new year can bring new opportunities to grow your company. As you make plans for moving your business forward in 2022, it is important to keep tax considerations in mind. Careful business tax planning can lead to substantial savings. There may be ways that you can reduce your company’s tax obligation. Some businesses may be at risk of overpaying on their taxes due to a simple mistake. Taking the time to review a few things, like your company’s charitable giving and investments, may reveal opportunities to […]

There are many different laws and regulations that affect businesses, and staying abreast of changes to these standards is not always easy. This has become an especially complex issue during the COVID-19 pandemic, since federal and state regulations are constantly being updated to ensure that employees and customers can stay safe. Each state has different rules and regulations, and federal agencies such as the Occupational Safety and Health Administration (OSHA) and the Centers for Disease Control and Prevention (CDC) have issued new rules and guidance to address ongoing safety issues. […]

There are a variety of legal issues that can affect business owners, and some of the most key concerns involve maintaining compliance with laws and regulations. New laws are created or updated on a regular basis, and staying on top of these changes will help business owners avoid penalties and ensure that a business can continue operating successfully.  Addressing Cybersecurity and Data Protection Laws As more and more companies conduct business online, maintain digital records, and transmit data electronically, maintaining data security has become crucial. When data breaches occur, multiple […]