Business Law
Managing the Unique Challenges of the Rapidly-Changing Manufacturing Industry
Posted on May 4, 2021
When the average person thinks about the manufacturing industry, they might picture large corporations producing massive quantities of products. However, small and medium-sized businesses make up a substantial portion of the modern manufacturing industry. In fact, it is estimated that over 98 percent of manufacturing companies in the U.S. are small businesses, and more than 75 percent of these companies employ fewer than 20 workers. If you are a small business owner or business leader in the manufacturing sector, it is important to keep up with the rapidly changing landscape […]
Delegating Responsibilities is Key to Success for Small and Medium-Sized Businesses
Posted on April 27, 2021
As a business leader, it can often seem like your “to-do” list never ends. The moment you complete one task, three more responsibilities present themselves. Between dealing with staffing and management concerns, financial planning, customer service, and daily operations, you may often feel like you are drowning in a sea of responsibilities. The constant influx of responsibilities can make it difficult or nearly impossible to focus on ideas that can improve your business in the long term. This is why one of the most important things you can do to […]
Avoid These Common Business Planning Pitfalls
Posted on April 22, 2021
Failing to plan is planning to fail. We have all heard this adage, but it rings especially true for business owners. Starting a business or taking over an existing business is a thrilling move for a would-be entrepreneur. However, when eagerness leads to haste, it is surprisingly easy to make mistakes that have significant legal and financial implications. Proper business planning is key in setting your business up for continued success. For those who already own a business or who are in corporate leadership roles, it is also important to […]
Commercial Real Estate: Should I Buy or Lease?
Posted on April 20, 2021
One of the numerous concerns a new business owner must consider is where he or she will conduct business. For some, running a business out of their home is a feasible option. However, many business owners realize the limitations of this option. If you are a new business owner who is interested in operating out of a designated commercial space, the next question is whether you will rent a space or purchase a commercial property. There are advantages and disadvantages to both of these options. To decide which is best […]
The Importance of Tax Planning for Business Owners
Posted on April 13, 2021
Similar to last year, the individual tax filing deadline has been extended by the federal government. This year, the deadline was pushed back to May 17, 2021, which means that taxpayers have about four weeks to finish their tax returns and send them to the Internal Revenue Service. For an individual, putting off tax planning can lead to major stress and costly late fees. However, failing to prioritize tax planning is an even greater problem for business owners. If you own a business, the importance of proper tax planning cannot […]
How Outsourced General Counsel Can Protect Your Business from Legal Surprises
Posted on April 6, 2021
The advantages associated with business ownership are numerous. Owning a business allows you to design your company according to your own aspirations, be your own boss, and exercise your innovative prowess on a daily basis. However, business ownership also leaves a business owner vulnerable to legal pitfalls. As a business owner, it is crucial that you prepare for the legal concerns that are bound to arise. One of the best ways that you can protect yourself from adverse legal surprises and set your business up for continued success is to […]
Four Areas in Which a Manufacturing Lawyer Can Help Your Business
Posted on March 30, 2021
When you think about small to medium-sized businesses, what comes to mind? Do you picture “mom-and-pop” clothing shops or maybe trendy, locally-owned restaurants? Perhaps you envision something more “white-collar,” such as tax preparation companies or insurance agencies. All of these, of course, are great examples of small and mid-sized businesses, but there is another type of company that many people tend to overlook: those that comprise the manufacturing industry. Manufacturing businesses come in all shapes and sizes, and they are responsible for making many products and product components that we […]
Important Considerations When Choosing Managers to Lead Your Employees
Posted on March 23, 2021
When you own a business that relies on a staff of employees, you need someone to manage the staff. Depending on the size of your business, your hours of operation, and other factors, you might be able to fulfill the role of manager yourself, but this option is simply not feasible in many situations. This means you will most likely need to select one or more individuals who are capable of keeping your business running properly and leading your team on your behalf. While this might sound easy enough, recent […]
Civil Litigation: Possible Breach of Contract Remedies
Posted on March 16, 2021
As a business law attorney, I am acutely aware of how important small and medium-sized businesses are to the American economy. In many ways, they are considered to be the backbone of the entire system. Almost all such companies rely, to some extent, on a variety of business contracts and other types of business agreements. Contracts can be used to formalize buy or sell agreements, loan terms, employment relationships, and many other considerations. When you enter into a contractual agreement, you likely have a number of expectations. First, you expect […]
How Collaborations With Other Companies Could Help Grow Your Business
Posted on March 9, 2021
When many people think about business ownership, they often consider a situation in which the owner of the business is on his or her own, trying to make the company work. Collaboration, however, is a critical part of today’s business landscape. On a personal level, we look out for our friends and neighbors, and the same can be true in the business world. There are a variety of ways for small-business owners to join forces, allowing them to exchange ideas, inspire product development, and grow their revenues. Networking Promotes Learning […]
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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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