For the love of your business
For the love of your business
In addition to checking professional references, conducting interviews, and running criminal background checks, many business owners also conduct credit checks on potential new hires to assess their suitability for the job. Such screening is obviously important for hiring high-level positions or those directly involved with handling money and/or making fiduciary decisions. But starting a couple […]
Read MoreWith the rapid rise of the “gig economy,” which primarily relies on independent contractors instead of W2 employees, there’s been an equally steady climb in the number of Independent Contractor (IC) misclassification cases filed against businesses. Most misclassifications are not the result of intentional violations of federal and state law, but rather, unintentional mistakes made […]
Read MoreIf you’re a business owner, one of the most important choices you must make is whether to hire full-time employees or use independent contractors (IC). While the two classifications may seem quite similar, they both come with a wide array of unique advantages and disadvantages. What’s more, if you make a mistake when classifying your […]
Read MoreNon-compete agreements are commonplace in today’s workforce. According to reports from the U.S. Department of the Treasury, roughly 19 percent of American workers, or 30 million people, are currently covered by non-compete agreements. While non-compete agreements are fairly widespread, they’ve come under fire lately in the courts as being unfair to employees and imposing overly […]
Read MoreWhen getting a business off the ground, one common mistake business owners make is not establishing a solid legal foundation to protect their company from unforeseen situations and circumstances. The most effective and efficient way to provide this legal bedrock is by putting a set of key legal agreements in place. Gleaned from years of […]
Read MoreYour partnership agreement is a legal document that outlines each partner’s rights and responsibilities as well as the operating procedures for the business. When a group of people come together to invest in a business venture, the partnership agreement can provide valuable protections. But drafting an agreement that provides you with the protections you need […]
Read MoreThe startup life can be exciting and for many the learning curve is huge. In the midst of growth and opportunity, many entrepreneurs make costly legal mistakes which can be easily avoided with the proper preparation. Here are some of the most common legal missteps made by businesses in the startup phase: Not Drafting a […]
Read MoreWhen growth and funding are top priorities, it is wise to not let legal soundness fall to the wayside. Not surprisingly, 1 in 10 startups fails due to overlooked legal issues. Without a lawyer looking out for your best interests, it’s easy to miss common legal mishaps that pose a threat to any startup. Mistake […]
Read MoreThose new to the business world often lack the first-hand experience of initiating and building healthy business relationships. But protecting these vital relationships with carefully crafted business agreements—such as those for co-owners, suppliers and clients—is essential to growing a new business without risk of being taken advantage of or of burning valuable bridges. To decrease […]
Read MoreIn part 1, we discussed the importance of knowing how to negotiate business deals and mitigate conflict whenever possible. Besides being a financial drain, business disputes can also create conflicts that require precious time and energy to resolve. Setting clear boundaries and realistic expectations when making professional agreements is essential in setting yourself up for […]
Read MoreA large part of being a successful business owner is knowing how to make deals and facilitate conflict when it arises. When in a dispute over a deal or an agreement that has been made, the potential costs are endless. The potential cost of litigation, the potential cost of loss of reputation, the potential cost […]
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