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Articles to LIFT Your Life and Business

Avoid These Four Common Legal Mistakes If You Own a Business

Whether you are just starting a new business or have been running a business for years, there are four common legal mistakes that both novice and seasoned entrepreneurs make that can have a significant impact on the future viability of your company: Co-mingling of business and personal finances.  You may have started your business as […]

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What You Need to Know About Liens and Your Business

Business owners who take out loans for equipment, property or working capital need to understand how liens can affect their business in terms of the potential problems they can cause and what should be avoided. Lenders usually file liens on business loans; these liens are filed in succession and a lender always wants to be […]

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Supreme Court Sides With Businesses on Patent Troll Litigation

Two recent U.S. Supreme Court decisions came down firmly on the side of businesses beleaguered by patent troll litigation, making it easier for those businesses to recoup legal fees for frivolous suits and establishing new review rules for the Federal Court of Appeals. In its unanimous decision in Octane Fitness, LLC v. Icon Health & […]

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6 Situations Where a Corporation or LLC Will NOT Protect Your Personal Assets

Setting up your business as a corporation or a limited liability company (LLC) is a great way to go for most entrepreneurs, since incorporating protects personal assets from business liabilities, helps lower taxes and ensures the longevity of your business. However, as a recent article at Entrepreneur.com reminds us, there are six situations where a […]

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How Employers Can Avoid Wrongful Termination Litigation

A recent Wall Street Journal survey on how small business owners are coping with the new healthcare law found that almost a third of those surveyed (29%) have been forced to make staff cuts. Unstable market conditions and economic pressures can force a business to dismiss or lay off employees, and employers should be aware […]

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Businesses Owners Take Caution When Developing Social Media Policies

There are currently 13 states with laws governing an employer’s access to employees’ personal social media accounts, and 20 other states have similar legislation pending.  According to recent research, 73% of American adult Internet users also use social media, so it is probably a good bet that most of your employees are on social media. […]

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Common Situations That Create Unenforceable Contracts

When your company enters into a contract with another entity or person, both parties are expected to fulfill the contract terms.  However, there are some situations where a contract can be found to be legally unenforceable because of these reasons: Lack of capacity – if one of the parties lacks the ability to understand what […]

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6 Tips To Help Small Business Owners Avoid Employee Lawsuits

Small businesses can ill afford litigation – not only because of the cost, but also for the time and attention lawsuits can divert from your business.  Here are six tips to help you avoid one of the most prevalent sources of business litigation:  employee lawsuits. Adhere to nonexempt status. If employees work more than 40 […]

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8 Steps to Hiring a Good Business Lawyer

If you’ve never hired an attorney for your business, you are probably wondering how you would evaluate whether or not they would be a good fit for your company and could deliver the services you need at a price you’re willing to pay. Here are 8 things to consider when hiring a business attorney for […]

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5 Steps to Preserve the Liability Protection of Your LLC or Corporation

Business owners concerned about protecting their personal assets from business liabilities often choose to operate their companies as a Limited Liability Company (LLC) or Corporation (usually as an S-Corporation), since these business structures provide what is known as a “liability shield”. However, a court can dissolve this liability shield if the proper steps are not […]

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Ensure the Longevity of Your Family Business

According to the Family Business Institute, less than one-third of family-owned businesses make it past the second generation of ownership and only 1 in 10 survives through three generations. Based on a New York Times study of family businesses, here are some tips on how you can ensure your family business survives: Reinvention.  Businesses that […]

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