For the love of your business

Articles to LIFT Your Life and Business

How to Build a Business That Endures

If you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die.  If you don’t have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, […]

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Organizational Structures for Socially Conscious Companies

Social consciousness at the corporate level has become an increasingly more important point of differentiation for many companies, and some companies today exist primarily to fill a social purpose.  So what is the best business structure for these companies?  There are several from which to choose: Benefit Corporations.  Seven states, including California, allow for Benefit […]

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Lessons on Business Succession from the British Royals

The recent birth of Prince George Alexander Louis to Prince William and Kate Middleton gives the House of Windsor a living 4th generation heir to the throne.  Prince George will undoubtedly need to wait for 60 or more years until he ascends to that throne, given the longevity that runs in his bloodline.  His grandfather, […]

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10 Legal Myths That Could Endanger Your Business

Inc. magazine recently wrote an article that made me realize many business people are flying blind about the legal parts of business.  These are all places you could get in trouble, if you aren’t awake, aware and doing business with your eyes wide open. Personal assets are protected by the right business entity.  Choosing a […]

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How to Conduct the Perfect Interview

Savvy business owners know that there are few legal landmines they need to side-step when interviewing candidates for a job.  Sometimes, though, even the best get caught with their proverbial foot in the mouth by asking a question that to them seems innocent enough but could land the company in legal hot water. Here are […]

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7 Myths About Choosing a Business Entity

New business owners must weigh the pros and cons of the choices they make when it comes to choosing the right business entity for a new enterprise; Entrepreneur recently posted 7 myths that could get in the way of selecting the best business entity: An LLC saves taxes.  The Limited Liability Company (LLC) is designed […]

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How to Discipline or Fire Employees the Right Way

Disciplining and/or firing an employee is one of the most dreaded tasks for CEOs and small business owners.  Sometimes the trauma of termination can be just as bad for the boss as it is for the employee.  But in this litigious society, bosses need to take extra care when disciplining or firing an employee to […]

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Litigation Over Noncompete Agreements Up 61%

According to the Wall Street Journal, litigation over noncompete agreements has risen 61%in the past decade – a number that may be low considering most cases are settled out of court and not reported. Long considered the standard for senior management employment contracts, noncompetes are becoming increasingly common at all levels of employment as a […]

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Common Defenses for Breach of Contract

One of the most common business disputes involves a breach of contract, where lawsuits are filed because one party believes another party has failed to deliver on the terms of a written –or sometimes oral – contract.  If your business is ever involved in a breach of contract suit, you need to be aware of […]

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What to Do If a Customer Files Bankruptcy

It’s been said that into every life a little rain must fall, and for small business owners, that shower (or storm) can come in the form of a customer or client’s bankruptcy.  Here are some tips on what you need to do to improve your odds of getting paid: Stop contact.  Bankruptcy law prohibits creditors […]

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New SBA Rule Provides Added Protection for Subcontractors

A new Small Business Administration rule implementing part of the Small Business Jobs Act of 2010 provides more protection for subcontractors in their dealings with primary contractors, according to a Washington Post report. The rule, which goes into effect in mid-August, requires a prime contractor to notify the contracting agency if it decides not to […]

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