For the love of your business

Articles to LIFT Your Life and Business

Can a Married Employee Name a 401(k) Beneficiary Other than a Spouse?

It can be very difficult for you, as an employer to manage a 401(k) retirement plan for your employees properly. Federal law is replete with mandates, including when employee funds must be remitted and statements made available to employees. One area you may not have considered is how to handle a married employee’s 401(k). Federal […]

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Drone Use in Business: What’s Likely and Legal?

In June, the Federal Aviation Administration (FAA) released its operational rules for the commercial use of drones, also known as unmanned aircraft (UAS). These rules provide clarity for businesses who may be contemplating the use of drones for commercial purposes. Perhaps the most well-publicized intended use for drones came from Amazon, the online retail giant. […]

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Can I Force My Employees to Arbitrate Our Disagreements?

Many employers ask what they can do to avoid lawsuits. One of the best ways businesses can be more proactive in avoiding legal disputes and their attendant costs is to implement arbitration clauses as part of their employment contracts. Arbitration has traditionally been viewed as less expensive than litigation. While that’s not necessarily true in […]

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Do You Have a Business Succession Plan In Place?

As a business owner, you’ve taken on a big responsibility to your family, your clients/customers, your team and your partners. Most businesses are not sufficiently liquid to keep the company going and the owner’s family thriving, in the event of death. But with the right plan in place, you can ensure the people you care […]

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Departing Employees and Trade Secrets: Minimizing the Risk

You’ve worked hard to build your business. You’ve developed products or services and the processes, policies, and strategies which drive them. So what do you do when a key employee tells you he/she will be leaving? How do you protect the business systems you’ve worked so hard to develop? Hopefully, you had your key employee […]

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How Can I Stop a Competitor from Poaching My Good Employees?

Due to the use of online marketing, business competition is fiercer than ever. This hypercompetitive environment causes many business owners to wonder how they can stop the poaching of their good employees. First and foremost, this is best accomplished by treating your employees great, paying wages on the higher end of the scale and creating […]

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The Benefits of a Business Succession Plan

When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may  not be finished if you own a business. Succession planning for business owners is at least as important as personal estate planning, maybe even more so because you have a […]

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Family Business Options When Dealing with Divorce

If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing you. Much of how […]

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Common Ways to Finance a Small Business

If you have decided to take the plunge into the world of small business, you are likely evaluating finance options. Most businesses require some initial influx to cover startup costs. Before you embark on the exciting journey of owning a small business, however, it is important that you evaluate the financing options available to you. […]

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How Can I Avoid Business Identity Theft?

It seems like major retailers report breaches of their customer’s private data almost weekly. But businesses themselves are also subject to identity theft, and unfortunately, they are more apt to not discover the theft until much later in the game, after significant damage has been done. Businesses identities can be stolen in various ways. Often, […]

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Learn from LinkedIn: Avoiding Anti-Spam Laws in E-mail Marketing

If you follow business news, you have probably heard about the challenges to e-mails associated with LinkedIn’s “Add Connections” feature. LinkedIn is a social network for business. In Facebook, adding people to your network is known as “friending”; in LinkedIn, it is known as “adding connections.” What Did LinkedIn Do? The complaint against LinkedIn alleged […]

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