Although it is imperative for a successful business to have strong underlying contracts under which they operate. Even the most well-negotiated contracts do not guarantee that you will never deal with a party that does not perform as agreed. Depending on the nature of the contract breach (material vs. non-material), you might be entitled to damages.
Read moreProtection from Employee Claims
If you operate a business, chances are potentially high that you may face a claim made by an employee at some point. This is true even if you are a diligent owner and implement reasonable company policies because some things are simply beyond your control. Fortunately, there are certain factors under your control, and our focus in this post will be the methods you can take to minimize employee claims.
Read moreBusiness Must Haves: Company Handbook
It is imperative that employees have a workplace behavior policy (aka company handbook, company code of conduct, etc.). Although some of these topics may seem like common sense, an employer should still identify the following topics directly in a workplace policy:
Read moreBusiness Must Haves: Operating Agreement
If you’re a business owner, you’ve put in countless hours into building up your business and making it profitable. However, you must ensure that you have a comprehensive operating agreement because it is one of the best ways to protect your business from costly disputes to help your business stays afloat.
Basics of an Operating Agreement
An operating agreement is a document that contains many pieces of critical information regarding your business specifically your limited liability company (bylaws are the equivalent document for a corporation)….
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