The Role of a Shareholder Agreement in Your Business
A shareholder agreement is a foundational legal document for a business. Established between company shareholders, this agreement details the rights and responsibilities of the shareholders as well as detailing how the company will be set up and run. While taking the time to go through and set all of the terms of a shareholder...
Common Risks Small Businesses Can Face
For the intrepid entrepreneur, starting a small business can be a rewarding and fulfilling adventure. Among many of the ways to describe small business ownership, however, the word “easy” would not usually be present. Small business ownership comes with risks. The good news is that these risks can be manage. You just need...
How a Business Contract Attorney Can Help Your Small Business
In the business world, contracts are going to come up, one way or another. Contracts in business serve a variety of purposes and can be useful both internally and when establishing relationships with vendors and clients. When properly executed, contracts can protect your business dealings and promote the sustainable growth of your business endeavors....
Adhesion Contract Basics
Most of us have signed an adhesion contract even if we were not aware that what we were signing was an adhesion contract. These types of contracts have the terms drafted just by one party. The signee of the contract has no input on the contract terms. As such, courts will be reluctant to...
Considerations When Developing Your Employee Handbook
Sometimes there are business formalities that should be observed despite there being no legal obligation to do so. This is true, for instance, with employee handbooks. While there is no legal requirement for a business to develop and distribute an employee handbook, it can have huge benefits for your company, including protecting it...
Establishing Bylaws for your Start-Up
The importance of laying a solid foundation for your startup cannot be understated. In the excitement of planning for the launch of your new company, it can be tempting to press forward and leave some of the seemingly mundane tasks by the wayside. Formalities and legal protections, the things that may seem not so...
How Often Do Shareholders Need to Meet?
The corporate structure offers a variety of benefits. There can be major tax benefits and major liability benefits. You see, the corporate structure offers owners limited liability meaning they will not be held liable for actions taken by the corporation. In some situations, however, the “corporate veil” protecting owners from liability may be pierced...
The Benefits of Business Succession Planning
Business succession planning involves establishing protocol for passing leadership roles down the chain of command within a company. It involves identifying key leadership roles, what those roles require, and who within the company would be fit to take over when the need arises. It is only natural for there to be some turnover...
Key Terms for Your LLC Operating Agreement
If you are considering establishing your business as a limited liability corporation (LLC), then you are going to need an LLC operating agreement. Not only does this agreement govern the operation of your LLC, but it sets forth key details relating to the inner workings of the LLC that will be critical to...
Basics of Business Law
Those in the business world, owners, entrepreneurs, and employees, should have a basic understanding of business law as this are of the law obviously can have a big impact on their lives and livelihood. Here, we’ll take a look at some business law basics to get a better understand of what this robust area...