Hiring workers is an important step for a business. A business owner is faced with a chicken-and-egg dilemma: Is it better to hire employees anticipating that the business will grow, or wait until the business has grown and then hire employees? When a business is starting out, a full-time employee may not be needed. Business […]
What You Need to Know about Hiring Your First Contractor Read more »
Pursuing a business venture naturally involves risk. Eliminating all risk is not an option—there are many factors beyond your control, and it is impossible to prevent every circumstance that might deviate from your plans. Nevertheless, you can decrease the degree of risk to which your business is exposed by identifying risks and taking proactive steps
Five Types of Risk Businesses Face Read more »
When you create a limited liability company (LLC) or a corporation, the concept of limited liability is one of the key rationales for those entity choices. Limited liability is typically available when you create distinct legal entities that separate your personal assets from your business assets, thereby limiting exposure to liability on both fronts. Even
Risky Business: Piercing the Veil and How It Puts Your Business at Risk Read more »
Against the backdrop of globalization and the expansion of online business activity, trademark infringement is on the rise. Most elements of business branding—name, logo, design—are readily available online, making it easier for people to knowingly or unknowingly use the intellectual property of others. As a business owner, you must prioritize both protecting your own trademarks
Four Things Business Owners Should Know about Trademark Infringement Read more »
Purchasing and selling commercial real estate is often a complex and lengthy process. Although most commercial real estate purchase and sale transactions follow the same workflow, every transaction has its own nuances and vary depending on many different factors. Regardless of the factors involved, there are certain key provisions that are heavily negotiated in most
Negotiating commercial real estate purchase and sale agreements Read more »
You have worked hard for years, have family members and friends you care about, and have approached a time in your life when “estate planning” sounds like something you should do, but you are not exactly sure why. You may feel that you are not wealthy enough or not old enough to bother or care.
Estate Planning: Why Me, Why Now, and Is a Will Enough? Read more »
When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the limited liability company (LLC) and the corporation. Choosing between these two types of entities can be difficult for business owners who are not familiar with the unique features of each
What Is the Difference between a Limited Liability Company and a Corporation? Read more »
Going into business for yourself is a risky endeavor. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each step is fraught with risks. This is especially true given the litigious nature of our society. As a result, many entrepreneurs employ asset protection strategies.
Asset Protection for Entrepreneurs Read more »
If you are a business owner, you probably worry about your bottom line, employee retention, and health insurance premiums, but have you also considered what will happen to your business if you are in an accident? What if your business partner gets divorced and your partner’s ex-spouse is awarded part ownership of the business and
What You Need to Know about Buy-Sell Agreements Read more »
Before launching a business, entrepreneurs spend a substantial amount of time and money researching and developing their products or services. You may have worked with graphic designers and a marketing team to create a brand name and logo for your products or services. As the business grows and your products or services take off in
Strategies for Protecting Your Business’s Intellectual Property Read more »