Despite whatever your business does, there is no “market” to sell your business. While business valuators and accountants use the concept of willing buyers and sellers, it is rare to have numerous, willing and knowledgeable buyers available when you sell your...
Modern businesses are flooded with electronic messages, notices and communications that are changing the law of contract formation and enforcement from requiring original signed documents to accepting electronic evidence of contracts and terms. Your business’s failure...
In the crush of business activity or just daily life we tend to lose track of important documents or fail to secure them in an accessible location. Moreover, when those important records are needed, we are usually in a rush and disrupt our office or home trying to...
While the formalities may vary from business to business and depend on the size and nature of the transaction, contract formation is fundamental to any deal. All parties must be aware of and mutually consent before a sales pitch or product/service discussion becomes a...
Generally a business can be operated personally (sole proprietorship or partnership) or through an authorized legal entity (corporation, limited liability company, etc.). In the former, you and your partners’ assets are exposed to any business liability. In the...
While it may seem unnecessary to remind a business to know who its customer is, with emerging markets and increasingly complex business structures, knowing your customer is not always obvious. Not knowing who your customer is can lead to lost sales, additional...
While lawyers have long talked to their clients about the benefits of estate planning to prepare for their inevitable exit, they often fail to discuss the benefits of business succession planning to prepare for their eventual, but less dramatic, exit from their...
Like marriage, entering into a business relationship is often easier than exiting from one. The same planning and forethought used when entering into business relationships and creating a business should be applied in ending those relationships and businesses. Like...
With the downturn of the economy and its slow recovery in many business sectors, certain businesses or portions of businesses may no longer be profitable or able to hold on until better times return. While the pressure of creditors and an unprofitable business...
In response to the increased collection and use of private information, federal and state governments enacted a plethora of laws, rules and regulations to protect private, personal and business information. While there is no comprehensive statute, rule or regulation...
Businesses need to recognize that today’s workforce is mobile and that competitors often seek to increase market share by hiring away employees that possess and will disclose confidential information to their new employer. This is particularly true when the economy...
The name you select for your business or other organization can become a valuable asset, an unexpected liability or a valuable asset for a competitor. Avoiding liability and protecting your name or logo is generally not expensive or difficult, but the problems that...
