It has been five years since the Patient Protection and Affordable Care Act (the ACA) was signed into law. Here are 5 things you should know about some of the key ACA requirements for businesses in 2015:
When you hire an attorney, you need to make sure that everyone involved understands how fees will be handled. You have to manage expectations so that there are no surprises for anyone. It can be an expensive service, so know what you’re getting and what you’re paying for it.
A trade secret is information that is valuable and unique to a business, and it is not accessible to people outside of the business. Federal and state law protects trade secrets, but business owners must follow a few rules to legally protect their documents.
Like doctors, lawyers are specialists. The key to getting great legal service is finding the right lawyer from the beginning. The attorney you know who specializes in criminal defense might not be the best option for business agreements and contracts.
Do you sometimes lie awake at night wondering what will happen if your biggest customer doesn't pay you? How about if the vendor handling your website upgrade takes off with your thousand-dollar down payment? These scenarios would be a nightmare for any bootstrapping entrepreneur—and they happen all the time.
No small business owner likes thinking about their legal needs. But like it or not, the law can have a major impact on your small business. From protecting your creations against copycats to negotiating the best deals with vendors, getting the legal side right is crucial for your business's success.
No matter the industry, contracts are essential in business. If you plan to start your own business, you will have contracts with clients, employees, and third party entities in order to protect your company and agree on terms and services.