Small business ownership is not for the faint of heart, to be sure. Those with the entrepreneurial spirit that start off on their small business ownership are confronted with a number of hurdles right from the start. Throughout your journal as a small business, you will continually come up against various...
How an Attorney Can Help Your Business in Contract Drafting
If you are a business owner, you are going to deal with contracts. This is unavoidable. You will need contracts for your employers, your vendors, your clients, and more on a range of issues. When properly executed, contracts are your friends. They can protect your interests and minimize liability exposure. Failure...
Steps to Forming a Successful Business Partnership
Forming a partnership can be advantageous in many ways. Joining with a partner means you get the benefit of their strengths and skills which may be different from your own. A partnership, however, is only as successful as the partnership relationship itself. Working with others can be challenging, so help set...
Mergers and Acquisitions: Legal Considerations and Best Practices
Mergers and acquisitions can be a great way to grow a business. The unifying of two companies, however, is legally and logistically complicated. There are complex agreements to put in place and hurdles in how best to structure the whole deal. In order to help ensure that you are integrating two...
You Should Be Having These Estate Planning Conversations
Death. Planning for death. What will happen after a death. These are not generally topics of conversation people gravitated towards. It can feel dark. It can bring up difficult feelings. It can also be critical to protecting a future you want for your loved ones and your legacy. In talking about and...
Bylaws for Start-Ups
As the founder of a business start-up, it can be so easy to get wrapped up in the excitement of kicking off your new business idea. The energy will be flowing and you will want to sprint forward as fast as possible. Before you launch yourself forward, make sure you have...
What’s an Adhesion Contract?
There are many legal tools employed by businesses intended to make the running of the business smoother while still providing the business with legal protections. An adhesion contract is one such tool. You have likely signed an adhesion contract even without knowing it was an adhesion contract you were signing. A contract...
How Often Should Corporate Shareholders Meet?
How often do shareholders need to meet? This is among one of the most commonly asked questions from new business owners. The truth is, it depends, but it is typical for a corporation to hold several required formal meetings annually. The shareholders meeting is where corporation shareholders gather to not only discuss...
Considerations in Drafting Incentive Compensation Plans
An incentive compensation plan can be a great motivator for your employees. In fact, with the right plan in place, you can effectively encourage those desirable behaviors in your employees and fairly awards them recognition for their contributions. In order to not only help ensure that your incentive compensation plan is effective,...
What to Include in Your LLC Operating Agreement
While an LLC operating agreement is not always required in some states, it is still a good idea to put one in place. After all, such an agreement will establish the guidelines for the management and operation of the LLC. Setting down the details of your LLC operations can be critical in...