Tips for Creating Enforceable Non-Disclosure Agreements

Accessing specialized skills without increasing headcount is attractive to many companies today, including startups as well as established enterprises. It has become commonplace for employers to utilize the services of independent contractors or other third party entities to perform important work for the company. However, there can be pitfalls to this strategy if precautions are […]

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Common Situations That Cause Unenforceable Contracts

Once you execute business contracts, you naturally expect other parties to live up to the terms of that contract. However, in some situations, a contract may not be enforceable if any of the following conditions apply: The other party lacked capacity. If the other party to your contract does not have the capacity to understand […]

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5 Common Mistakes That Can Blow a Business Deal

Whether you are negotiating a contract with a new customer or making an agreement with a supplier, there are some common mistakes that business owners make that can make a good deal go bad. Don’t let any of these errors blow your next business deal: Failure to understand the scope of an agreement. Both parties […]

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How Business Owners Can Avoid Wrongful Termination Lawsuits

While most employees who are fired may feel that their termination was wrongful, employment law is very specific about what constitutes wrongful termination. To avoid a wrongful termination claim, employers must be aware of what kind of dismissal may be considered illegal, including the following: If an employee has a written contract. All states recognize […]

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The Top 5 Risks to an LLC’s Personal Liability Protection

There are several good reasons for entrepreneurs to set up their new business as a limited liability company (LLC) or corporation — chief among them being the liability protection for personal assets that each structure affords those who own shares in the business. However, there are situations where an LLC or a corporation will NOT […]

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4 Common Legal Mistakes That Could Hurt Your Business

It doesn’t matter if you’ve been running a company for a long time or are have just started your new business journey, there are some common mistakes that both veterans and rookies make that can negatively impact your enterprise: Failure to protect personal assets. Many business owners start out small, typically setting up their companies as […]

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How to Protect Your New Business with a Founder’s Agreement

If you are starting a new company with other people, a founder’s agreement is crucial to protect your fledgling enterprise as well as your personal assets. Here are some tips on how to structure that agreement: Delegate roles and responsibilities. Typically, people who go into business together have different strengths that play off each other […]

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4 Steps to Shield Personal Wealth from Business Liabilities

Anyone who owns their own business is aware of the inherent risks of business ownership, and no one wants those risks spilling over into their personal finances. To avoid this, business owners must take the necessary steps to protect their personal assets by ensuring that their business and personal lives remain legally separate. To protect […]

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Know the Legal Difference Between an Employee and an Independent Contractor

Over the past few years, the IRS has increased enforcement against employers that misclassify employees as independent contractors, leading to fines and penalties for companies that fail to make the important distinction between the two. There are three characteristics the IRS uses to distinguish between an employee and an independent contractor: Behavioral control – the […]

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Key Terms That Should be Included in an Independent Contractor Agreement

One of the most common issues facing small businesses is how to govern relationships with independent contractors.   Which is not really surprising, since many small businesses use independent contractors to perform critical work functions like website development, marketing, bookkeeping and other important functions that keep your business functioning and growing. To protect your company’s future, […]

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