An annual report is a compilation of a company’s financial reports for the year ended. The report is a requirement for any public corporation listed with the Securities Exchange Commission. Other than that, all stakeholders need to see the annual reports to determine the performance of the said company. What is Included in an Annual […]
Legal
The Cost of Counterfeit Products
Counterfeits can hurt your business even if you don’t know they’re out there. A shocking two in five name brand products sold online turns out to be counterfeit, and many counterfeits are so convincing consumers don’t know they aren’t real until they have been injured or the product malfunctions. Small businesses especially can be hurt […]
Avoid These 5 Legal Problems That Could Easily Sink Your Business
Making it as a business owner has never been easy, but in the modern day and age it’s easier than ever before for an aspiring startup or eager entrepreneur to encounter legal troubles that sink their commercial prospects. Rather than waiting to stumble into legal problems that could prove disastrous to your business, you need […]
What About Your Previous Company Non-Compete?
Entrepreneurs tend to remain in the business niche they know best. Usually that means they once or recently spent time as an employee or manager within a company where they had little or no ownership. Are you one of those? Some of these entrepreneurs starting a new company are alumni from companies that would be […]
The GDPR, Small Business, and a New International Paradigm
It’s not a coincidence—all those emails about changes in terms of service (ToS) agreements that you got in May were sent out because of something. That something is the General Data Protection Regulation (GDPR), legislation recently passed by the European Union (EU) to shore up data security, which took effect May 25, 2018. EU legislation? […]
The New FCA Policy That Could Help You and Your Business
The False Claims Act has long been used to fight unscrupulous business entities that conducted fraudulent business at the expense (or financial disadvantage) of the government. This law was initially passed during the Civil War in order to counteract the scenario where business entities were supplying the Union army with substandard goods versus the goods […]
Entrepreneurs: Employment Law is Not on Your Side!
Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual but unintentional violation of a law or regulation. Or when a […]
How to Protect Your Business from a Legal Fallout
In today’s day and age, it seems like there’s nothing easier than suing any business that’s committed even the mildest of gaffes. Business owners everywhere are brushing up on their legalese and rushing to retain lawyers, as few seem to know how to protect their businesses from a legal fallout that could cost them precious […]
Can Your Lawyer Destroy a Good Business Deal?
Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well. There is a line that should be drawn in a relationship between corporate attorney and CEO or board. Attorneys are paid to protect the corporation, not to […]
Is Your SME Aware of These 4 Vital Areas of Employment Law
There are many areas that need to be taken into account when making sure your SME is running successfully. Factors such as customer satisfaction, profit margins and stock control all need to be monitored and are seldom overlooked, but employment law can be. This complex area is, however, paramount to the effective running of an […]
