What is Business Divorce? A business partnership is a lot like a marriage in many ways. Two or more people who co-own a company come together to work in harmony in order to help grow the business and accomplish set-out objectives. Business partners should trust each other and agree on all decisions made for the […]
Register Your Small Business as an LLC or Corporation?
Choosing between an LLC and a corporation can be a tough decision, especially if you don’t fully understand your choices. Every business owner’s situation and goals for their company are different, which means that what works for someone else might not work for you. Instead, if you are considering starting an LLC, you need to […]
Liability For Hacking Conducted with a Business’s Computer Network
Can Employers Be Held Liable? Hacking: Definition and Types Hacking is broadly defined as the act of breaking into a computer system. Hacking isn’t always a crime as “ethical hacking” occurs when a hacker is legally permitted to exploit security networks to check for vulnerabilities. In other words, when a hacker has the appropriate consent […]
Things to Consider When Starting a Business in the U.S. as a Foreigner
When starting up a business it is important to understand how the existing legal systems in your jurisdiction work and how they may affect your business. You should, therefore, be sure to perform thorough research and understand the laws in the U.S works and how they may impact your ability to open and run a […]
How to Deal with Intellectual Property Theft
What is Intellectual Property? Your intellectual property is your intangible asset, i.e. the fruits of your creativity, ideas, and intelligence. It could be a personal recipe, methodology, brand name, logo, slogan, design, or any private content. There are several ways in which your intellectual property can be managed and protected. Besides the obvious things like […]
Importance of Good Terms and Conditions for your Business’s Website
Terms and Conditions (T&Cs) are a legally binding contract between your business and your website’s users This contract sets out the rules and guidelines for using your services and/or website and doing business with you. This article highlights important aspects of a Terms and Conditions agreement and why you should have one. Limiting Your Liability […]
Make Sure You Don’t Get Burned By That Contract
Contracts are at the center of most legitimate business actions or transactions that you undertake. Contracts have replaced the firm handshake of the 20th century and can provide damning evidence in a court of law. Today, contracts can be verbal, written or both, and can often be legally binding in certain circumstances. When creating a […]
How and Why to Start an Online Business While Working Full Time
Do you ever sit at your desk at work and dream about kicking your chair back, marching over to your boss’s office, barging in the door, and shouting “I quit,” marveling at the look on his face, and the mix of shock and indignation, a look you’ll savor in the weeks to come? Do you […]
8 Tips for Protecting Your Business Assets
The beginnings of any new company are full of headaches and worries. The main concern generally revolves around generating revenue so you can pay off any debt and start to accrue a profit. Underneath that are the other headaches of licenses and official documents, certain legalities, contracts, hiring and firing employees, marketing your products and […]
Business Litigation: Are You Making These Common Mistakes?
Business litigation is an expensive, complicated and, sadly, at times unavoidable undertaking. It is very common that companies sometimes have to face unexpected legal disputes such as defending themselves in lawsuits by employees or contractors, negotiate contracts disagreements or have to protect or enforce their intellectual property rights. When so much time and money is at […]