For the love of your business

Articles to LIFT Your Life and Business

What You Need to Ensure the Survival of Your Business

In the excitement of planning and running your business, it is easy to forget about one of the most crucial components of ensuring its survival: what happens when a partner passes away or simply wants out? A buy-sell agreement is a key part of a smooth ownership transition. A buy-sell agreement does three key things: […]

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Why Every New Business Needs a Lawyer & How to Find a Great One

Chances are if you are an entrepreneur, you have a little “issue” when it comes to controlling everything about your company — in other words, you find it hard to trust others when it comes to your “baby.” But unless you are an experienced business attorney, you probably don’t have the knowledge — and most […]

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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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Avoid These Top 10 Mistakes New Small Business Owners Make

A New York Times article lists the top rookie mistakes entrepreneurs often make when starting a business, and with our years of experience in helping entrepreneurs capitalize on new business opportunities, many of them ring true.  Here’s the list: Hiring a good friend or family member. When it comes to hiring staff for your new […]

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How to Tell if You Have What It Takes to Run a Business

If you are working for someone else, there has probably been a time or two you have wondered if you have what it takes to start your own business.  Not everyone is wired to be an entrepreneur, especially when it comes to taking risks to launch your own venture. There are pros and cons to […]

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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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What Employers Need to Know About Employee Privacy Laws

Because of increasing regulatory scrutiny of privacy laws, employers should take extra care in safeguarding personnel files and medical records as you would any other confidential company information. Employers should keep personnel files stored securely in a locked cabinet, and make them available only to managers or supervisors who have a legitimate business reason to […]

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Are Your Suppliers Putting Your Business Security at Risk?

Retail giant Target suffered a massive data breach last December that eroded its reputation and its bottom line.  How did this happen?  Apparently, hackers gained access to Target’s IT infrastructure via a third-party HVAC contractor that was connected to their network. This security disaster illustrates the risk that many businesses face when contracting with third […]

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