Considering the many different issues that can come up in a construction project, it's important to have a solid foundation that starts with a construction contract to minimize your liability. For the best protection against legal trouble, your contract should have certain key components. Familiarize yourself with these elements before you get started on your project. 1) The project's scope. “Scope of work” is a Read More
The Advantages and Disadvantages of Non Compete Agreements
July 20, 2017 by
If you own a business, many aspects of your operations are directly under your supervision. But if you want to grow, some areas need to be delegated to staff. Assuming that you cannot do everything yourself, a business owner has no choice but to hire employees and share details about your processes and customers. How do you protect your investment of time, effort and money on training employees and prevent them from Read More
5 Common Ways Business Owners Expose Their Personal Assets to Liability
June 20, 2017 by
Many business owners’ worst fear is losing their home or their money in a lawsuit. For this reason, they incorporate their businesses. If you're the owner of a corporation or other business entity, your personal assets are generally safe from legal action against the company because the entity is considered a separate legal person that will be liable for its own actions. A lot of things have to go wrong before your Read More
Your Company’s Contingency Plan: How A Buy-Sell Agreement Can Benefit Your Business
May 20, 2017 by
Relationships are critical in business, especially when it comes to your co-owners or partners. It is crucial to place your trust in people who will work hard, bring complementary skills to the table, and keep up with their responsibilities to your business—and it's equally important to have a contingency plan in case anything should happen to your partners. A buy-sell agreement is intended to clearly spell out your Read More
Business Licenses: Which Ones Do You Need and Why?
April 20, 2017 by
Business Licenses, when you have a booming business concept, a location in mind, and a plan of action all lined up. What's next? Before you start putting your vision in motion, you'll need to make sure your business can legally operate within your city and state. That means applying for the right licenses and permits. Check this quick guide for an overview of the licenses and permits you'll need to get started—and Read More
