Posts Tagged ‘Legal Issues’
About 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…
Read More5 Ways to Reduce Your Company’s Legal Fees
Whether you just need help drawing up policies to help reduce liability, setting up plans for how to handle any potential litigation, or determining how your organizational structure is going to be laid out, no business can afford to ignore the legal issues that arise with running any business. The best you can do is…
Read MoreHow to Avoid Breaking Employee Break Laws
All work and no play makes for… a zombie workforce. It’s pretty much common sense that everyone needs breaks. But what are employee break laws and how can you avoid getting into trouble? The Definitions of Rest and Meal Breaks The U.S. Department of Labor (DOL) provides the following definitions (They also like to call them meal or rest…
Read More3 Reasons Non-Disclosure Agreements Aren’t All Bad
Non-Disclosure Agreements (NDAs) are the Lex Luthor of business contracts—controversial, seemingly self-serving, revered by their supporters and lambasted by their detractors, and it’s the detractors’ voices that are heard the loudest. For a multitude of reasons, NDAs are legal documents which encourage particular scorn from business experts. Some experts argue that NDAs can stump creativity…
Read MoreKey Ways to Avoid a Premises Liability Suit
You probably already know that if a person slips and falls at your business, you’re a prime target for a lawsuit. At the very least, you’ve probably seen the personal injury lawyer advertisements on daytime television that promise to hold businesses accountable for their negligence and get injured parties the money they deserve. As an…
Read MoreTop 3 Legal Mistakes of Beginning Entrepreneurs
You’re an entrepreneur about to launch your new idea and form your own company. You’ve done your homework and you’re ready to go into business and make money. What could possibly go wrong? Let’s double-check that homework, because there are 3 very common legal mistakes that entrepreneurs make when they start out. Unless you avoid…
Read More