Posts Tagged ‘Legal Issues’
5 Effective Ways to Protect Your Small Business from Frauds
Nearly half of all small businesses experience fraud at some point in their business lifecycle. According to the Association of Certified Fraud Examiners, the total loss as a result of business fraud exceeded $6.3 billion in 2016. Unfortunately, business frauds aren’t easily detected. When discovered, the damage is already done, and there’s nothing that they…
Read MoreChoosing Which Law to Use When Creating Your Franchise Agreement
It might sound funny to read, “Choose which law you want to enforce,” but for franchises expanding outside of their state of origin, there comes a moment when a franchisor needs to choose which law to apply in the FDD. This isn’t an arbitrary look at the laws governing a state. Instead it’s a moment…
Read MoreThe Most-Litigated Issues in the FDD
As franchisors, we all strive to sell units quickly. Especially for franchisors just starting out, the main focus tends to narrow in on closing the initial deal. Unfortunately, selling the unit doesn’t automatically produce a fairy tale ending. As much as we would like to write a happily ever after for all parties involved, oftentimes…
Read MoreWhat to Do if Your Employee is Convicted of a Crime
Having an employee who is convicted of a crime affects your business adversely, regardless of the circumstances. If the employee has committed a crime on the job, the effects can be long-reaching and expensive. You need the advice of an attorney to explain your rights and the consequences that the employee is facing. It could…
Read MoreTop 5 Employment Laws Every Small Business Owner Should Know
For any business, especially a small one, hiring is not an easy task and there are a lot of areas that need attention to detail. Even with one simple mistake, any business can get into legal disputes with employees, which can incur huge costs. To avoid such situations, it is important to know the basics…
Read MoreAbout Personal Use of Corporate Assets
It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income tax audits. This insight addresses more the impact of such behavior upon the actions of employees and others who observe that behavior from a senior manager or owner of a business—and…
Read MoreEvaluating a Franchise Territory
Ultimately, the defining factor when reviewing territory comes down to a single question: “Do you have a large enough customer base to be successful?” While there are several components to that question, this is what you are looking to determine. Even with the best business model out there, an over-saturated market leads to frustration and…
Read More7 Ways to Avoid Online False Advertising Claims
A lot of business owners don’t realize that advertising is regulated by both the federal and state governments. Any advertising that deceives or misleads can be considered unlawful. Even if you didn’t intend for the ad to be misleading, you may still have legal problems – intention doesn’t matter, in the end. In order to…
Read More5 Legal Threats to Your Small Business
A small business owner faces plenty of challenges each day, and some of those challenges could land the owner in a court of law. When you can identify the most significant legal threats that face your small business, then you can take the necessary steps to protect yourself, your assets, and your livelihood. Liability Issues…
Read MoreHow to Protect Your Business from Employee Theft
As a business owner, I have to say that statistics on employee theft are frightening. According to Statistic Brain, $50 billion are stolen from U.S. businesses every year by their own staff, and roughly 75 percent of employees have admitted to stealing from their employer at least once. In the past, it has been something that I…
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