Business Law
Lesser-Known Options for Buying and Selling Businesses
Posted on August 19, 2021
For those with dreams of business ownership, starting a business from scratch may seem like the best option. After all, startups give you the opportunity to develop the business according to your exact specifications. However, there are considerable disadvantages associated with this approach. For many entrepreneurs, buying an existing business is the better option. If you are interested in buying a business, expanding an existing business, or selling a business, consider these lesser-known alternatives in addition to the traditional approaches. Stock Purchases and Asset Purchases In an asset purchase, the […]
How Attractive Company Policies Will Help You Draw Talented Staff
Posted on August 12, 2021
Finding, hiring, and retaining high-quality workers is one of the most challenging aspects of business ownership or business leadership. As any business leader can tell you, your employees and contract workers can make or break your company. Unfortunately, finding good workers is harder than ever. In a recent survey conducted by the National Federation of Independent Businesses, nearly half of business owners reported having a job opening that they could not fill. Whether you are struggling to find the right staff or want to ensure that you retain the staff […]
The Importance of Smart Hiring Decisions for Business Leaders
Posted on August 5, 2021
Finding good workers is often one of the most challenging parts of business leadership. Hiring decisions are likely some of the most consequential decisions that you will make as a business owner or business leader. Hiring the wrong staff can lead to massive headaches, reduced profits, damage to your company’s reputation, and even legal disputes. Furthermore, staff who need constant monitoring and assistance take your attention away from the bigger picture. If you are the owner of a small or medium-sized business or you are in a leadership position at […]
How Can Outsourced General Counsel (OCG) Help My Business?
Posted on July 29, 2021
As any business leader can tell you, legal concerns are some of the most frustrating and complicated aspects of owning or managing a business. Furthermore, these issues are also some of the most consequential. Making a mistake in a shareholder agreement, misclassifying a worker, failing to protect trademarks, and other legal mistakes can lead to avoidable headaches and considerable costs. This is why many business owners are turning to outsourced general counsel for legal guidance. With outsourced general counsel, you gain the advantages of an in-house lawyer at a fraction […]
How Can I Protect Myself & My Business from Cybersecurity Issues?
Posted on July 22, 2021
If you own or manage a business, one crucial issue you need to stay up-to-date on is cybersecurity. Internet-connected systems are an integral part of most modern businesses. Web-based programs allow businesses to attract new customers, manage inventory, store client information, and much more. However, these systems can also be vulnerable to unauthorized use or malicious attacks. The FBI estimates that cybercrime cost small businesses nearly $3 billion in the year 2020 alone. Protecting Your Business from Phishing Schemes Something as simple as opening a seemingly innocent email attachment can […]
Is Starting a Business Worth it? Ask Yourself These Questions to Find Out
Posted on July 15, 2021
Owning a business is unlike any other “job.” Little compares to watching your hard work and creativity flourish into a thriving business. The financial and personal rewards resulting from business ownership can be great, but starting a business is certainly not for everyone. Most people are familiar with the bleak statistics on startups: More than 20 percent fail in the first year. Half of new businesses fail by the fifth year. Upon learning this information, you may wonder, “Is starting your own business worth it?” To find out if starting […]
Why Working With the Right Attorney is Essential to Your Business
Posted on July 8, 2021
Whether it is a startup, franchise, or an existing business, taking on a leadership role in any type of business is likely to be one of the most consequential decisions of your life. Business ownership can be extremely rewarding. At times, owning a business or managing a company can also be frustrating, stressful, and overwhelmingly complex. When you are taking on something as important as running a business, having the right support system is vital to your success. A key member of your support team is your business attorney. If […]
Why is Outsourcing Becoming More Popular in Small and Medium-Sized Businesses?
Posted on June 24, 2021
As we have discussed in previous blogs, knowing how to delegate tasks is a crucial skill for business owners and business leaders alike. Delegating tasks frees up time to focus on higher-level responsibilities and ultimately helps you grow your business. More and more businesses are choosing to delegate by outsourcing certain services to outside providers. Read on to learn about the many benefits of outsourcing for small and medium-sized businesses. Reducing Costs and Freeing Up Funds for Other Projects For many businesses, the key benefit associated with outsourcing is saving […]
How Your Employees Can Help You Avoid Legal Problems
Posted on June 17, 2021
A business is only as strong as its employees. As a business leader it is crucial for you to ensure that employees understand what is expected of them. Failure to properly train your staff can lead to significant legal problems including allegations of discrimination and harassment. Preventing Sexual Harassment and Discrimination in Your Company Although more and more companies are making harassment and discrimination prevention a top priority, these issues are still at the forefront of many people’s minds. If you do not currently have an anti-discrimination policy and complaint procedure […]
Top 3 Ways Outsourced General Counsel Helps Grow Your Business
Posted on June 10, 2021
If your business revenue is in the $10 million or above range but your company is not large enough to justify an in-house attorney, consider utilizing outsourced general counsel (OCG). With OGC, you gain legal guidance and support from a business lawyer without needing to hire an attorney full time. The advantages associated with this approach are plentiful, which is why more and more small and medium-sized businesses are using outsourced general counsel to meet their needs. To effectively grow your business, you must ensure that sensitive legal concerns are […]
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Please note: These blogs have been created over a period of time and laws and information can change. For the most current information on a topic you are interested in please seek proper legal counsel.
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