Business Law

Business owners have no shortage of legal concerns that they need to address on an ongoing basis. While the primary focus for many owners will be maintaining business operations and pursuing their goals, it is also important to address any areas of concern and ensure that they are taking the proper steps to protect against potential losses. A Risk Assessment looks at key areas of your business where legal issues tend to arise and provides information on where you may have weaknesses and what you can do to strengthen those […]

Many business owners are focused on managing their day-to-day operations, and while they may make plans for the future, these plans will likely address the planned growth of the business and how to meet the challenges they may face. However, it is also a good idea to consider what should happen when an owner decides to leave the business or retire at some point in the future. A business succession plan can ensure that an owner will be prepared to sell their business should the need arise, or they can […]

Business contracts are the backbone of a thriving business. However, poorly-written contracts can do more harm than good. As COVID-19 continues to delay legal processes and backlog courts, the need to avoid contract disputes is greater than ever. As a business leader, your focus should be on your business’s growth and continued success, not obsessing over business contracts. Unfortunately, even a small mistake or oversight can have a dramatic impact on your business’s bottom line. Contract disputes are costly and time-consuming – and many contract disputes are entirely preventable. Accurate, […]

The world is becoming more connected than ever. Consumers can instantly buy goods from several states away with the click of a mouse. Employers are increasingly relying on remote workers who may live hundreds or thousands of miles from the company’s headquarters. This trend provides businesses and customers with opportunities they would not otherwise have access to. However, businesses that sell in multiple states must also contend with additional legal complications. Each state has its own rules, regulations, procedures, laws, and tax requirements. As a business leader, keeping up with […]

Businesses fall into one of several legal structures. Each business structure has certain advantages and disadvantages. The type of business structure you choose influences everything from how your business is taxed to day-to-day business operations. When deciding which business structure is suitable for you, consider your business objectives as well as your financial resources and limitations. If you decide that your current business structure is not the best choice, you may need to reevaluate your situation and modify your business structure. Exploring the Advantages of Each Legal Structure Selecting a […]

In many ways, our world is safer now than it has ever been. However, there are still some very real dangers that could threaten the safety of individuals, families, and all types of business entities. For example, despite all of our advanced forecasting tools, serious weather events can cause death and devastation. Similarly, the violent and unpredictable actions of a single person could lead to immeasurable tragedy—such as in the example of an active shooter situation. If you are in a position of leadership at any size business, you have […]

Whether you are a shift manager or the company owner, being in a leadership position is a serious responsibility. As a business leader, your actions and attitude can dramatically influence the rest of the team. It is up to you to ensure that the impact you have on the team is positive. Employees want to know that you care about them and appreciate what they bring to the table. They want to be treated fairly and respectfully. Strong leadership skills are vital to promoting positive company culture and avoiding legal […]

Contracts are the backbone of small- and medium-sized companies. Strong business contracts reduce misunderstandings, establish parties’ rights and obligations, and, most importantly, provide crucial legal protections. Some novice business leaders make the mistake of neglecting contracts and assuming that handshake agreements will suffice. Unfortunately, many of these business leaders find out the hard way that powerful contracts are best way to protect their interests and avoid financial difficulties and legal disputes. How Business Contracts Protect and Benefit Your Company A formal written contract may seem like overkill to business leaders […]

As a business leader, your business’s continued success is a constant concern. However, you can only do so much. If you are like most business leaders, your attention is divided between vendor concerns, sales, managing cash flow, taxes, and countless other issues. When a business leader’s time is spread so thinly, it is easy to overlook areas that need improvement. One massive resource that you may be overlooking is your employees. Your staff are probably well aware of what is working and what is not working. According to one Gallup […]