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Keep It Secret, Keep It Safe: How to Protect Trade Secrets with a Nondisclosure Agreement

Can you keep a secret? When your company has confidential information that needs to stay in your company, there is a contract that you can use to keep the information under wraps. It's called a “Non-Disclosure Agreement,” and it's one of the best ways to protect your trade secrets. Non-Disclosure Agreements, “NDAs,” or “Confidentiality Agreements” are contracts that legally obligate the signing parties to protect Read More

The Prenup for Entrepreneurs: Why Your Business Needs an Operating Agreement

An operating agreement is a document used to set the rules and structure for management, decision-making, dispute resolution, and dissolution of any corporate entity.[1] When do you need to use one? In some cases, you don't have a choice. Certain states legally require an operating agreement if your company has multiple owners. Florida does not, however, and because of the investment in cost and time it may be Read More

LegalZoom Loses Lawsuits: Drawbacks to the DIY Approach to Litigation

Online services exist for just about anything. Sometimes, they can offer convenience and speed, like an online bank account. But what about professional services, like from a doctor or lawyer? You may have heard your family physician warn you not to seek medical advice from “Dr. Google” and websites that provide generic medical advice, such as WebMD. [1] For legal problems, websites like LegalZoom threaten clients Read More

Start Your Startup: Five Steps to Starting a Business Legally

Your brain is probably brimming with ideas for your startup, but ideas require action before they can take shape! Follow these 5 steps to ensure you meet the legal requirements for starting a business. [1] Step 1: Choose and Create Your Business Entity The first legal step towards starting a business involves choosing a business entity. [2] Sole proprietorships, partnerships, limited liability companies (LLCs), and Read More

5 Common Issues That Arise in Corporate Governance

Corporate governance is the term used to describe the balance among participants in the corporate structure who have an interest in the way in which the corporation is run, such as executive staff, shareholders and members of the community. Corporate governance directly impacts the profits and reputation of the company, and having poor policies can expose the company to lawsuits, fines, reputational damage, and loss Read More