The three most valuable assets of any business include the employees, customer relationships, and trade secrets. A noncompete agreement can be an effective way to protect these assets. When the right circumstances are present, and when drafted and implemented...
The Difference between an Independent Contractor and Employee
The difference between an independent contractor and employee may seem insignificant and subtle, but the fact is, it can have serious legal and tax consequences for your business. As a result, it is crucial that you get to know the difference in these two things. It...
How to Protect Yourself in Your New Business Partnership
When a partnership works well, it can be an exciting opportunity to start and grow a business with someone that you love working with. In many different situations, partners will come together in order to establish and grow a business. Sometimes these partners have...
Top Reasons Why Your Company Needs a Buy-Sell Agreement
As any business owner knows, disputes within a partnership or even a bigger business can be a significant roadblock to success. In fact, these can even distract company owners and managers from being able to accomplish business goals and achieve targets on time. These...
Is Your Business Vulnerable to Data Theft?
Over the past couple of years, huge companies like Target, Sony Pictures, and Home Depot have made the news after suffering massive cyberattacks that compromised customers’ private information and cost millions in recovery expenses. Experts warn these types of attacks...
How Does Business Law Apply to E-Commerce?
E-Commerce refers to Internet-based businesses, which buy and sell products or provide services electronically. For example, e-Commerce involves a combination of the following: Mobile commerce Electronic funds transfers Internet technology Electronic data interchange...
How to Prepare for Your Meeting with a Business Law Attorney
You’ve got a big meeting coming up. Not with a potential client or a vendor, but a business lawyer. This new lawyer is going to help you iron out some of the basics to running your new enterprise. While this individual is making himself available to meet with you, you...
5 Simple Steps to Business Dissolution
Whether you are ready to retire, eager to move on to another venture, or just looking to wrap up your business for economic reasons, dissolving a business requires thorough planning, which most business owners don’t realize. Business dissolution When it is time to end...
Use It or Lose It: 4 Examples of Losing a Trademark
The symbol of copyright For many companies, trademarks are a significant asset. Trademarks allow companies to build brand reputation in a competitive marketplace. Although most companies go to great lengths to protect their trademarks, certain missteps can jeopardize...
How a Business Law Attorney Can Make Running Your Business Easier
Every business should have an attorney and an accountant. The accountant is obvious since this is the person to help you in setting up and maintaining your business accounts as well as ensuring your federal, local, and state tax returns are all prepared accurately and...