Topic: Business

5 Legal Matters That Can Make or Break a Small Business

When you’re running a business, making mistakes is a fact of life. But making legal mistakes – especially when they are avoidable – can mean the difference between the success and failure of your company. For your reference, a look at five legal areas that could break your business: 1.Contracts… “What’s in the small print… Read more »

3 Videos Every Business Owner Should Watch

For your reference, here are three excellent video advisories by leading law firms, of interest to any business owner, entrepreneur, manager, or the like: On Data Privacy & Security Loeb & Loeb LLP attorneys Seth Rose and Jim Taylor provide insights into what companies can do to mitigate the risk of litigation in the areas… Read more »

Most Popular Small Business Posts – Feb 2012

For your (re)reading pleasure, a roundup of the top 10 most-read posts from last month, on social media in business, forming and structuring companies, labor and employment issues, financing a company, drafting contracts, reducing taxes, and … the federal ban on cell phone use by commercial drivers: 1.Social Media in Business: 8 Steps to Legal… Read more »

Business Structures: What’s Right for My Company?

Choosing the right business structure can be a daunting decision for an entrepreneur. To help sort through the options, here’s a quick overview of the most common forms of small businesses: Sole Proprietorship “With a sole proprietorship (also known as a ‘sole prop’), you are the business. You can operate under your own name or… Read more »

Funding a Small Business: 7 Financing Sources to Consider

Bank loans, crowdfunding, venture capital, and more: entrepreneurs looking to start and grow their businesses have multiple options. In the end, however, there are only two kinds of money: debt, which is borrowed, and equity, which is traded for ownership of the company. To help you determine which is right for your company, here’s a… Read more »

Health Care Reform: Final Rules for SBC Released

On February 14, 2012, the Departments of Treasury, Labor, and Health and Human Services published final regulations on the new Summary of Benefits and Coverage (SBC) that insurers and group health plan administrators will be required to distribute later this year. Designed to provide clear and consistent information across health plans, the SBC will enable… Read more »

Workplace Discrimination: 7 Areas Targeted by the EEOC

“The [Equal Opportunity Employment Commission] received a total of 99,947 charges of discrimination in fiscal year 2011, a slight increase from the year before… [and] filed 300 lawsuits and 261 ‘merits’ lawsuits, which include direct suits and interventions alleging violations of the substantive provisions of the statutes enforced by the EEOC and suits to enforce… Read more »

5 Health Law Updates for Employers. You Should Know…

For your reference, here are five health law updates of note for all employers. You should know: 1. The Tale of the Tape: Healthcare Reform Law Reaching the Workplace [Sheehan] “The Patient Protection & Affordable Care Act (PPACA) imposes a number of mandates, on individuals, employers and insurers. While some mandates have been highly publicized… Read more »

8 Small Business Tax Law Changes That Could Help You Save More

The Small Business Jobs Act and the Tax Relief Act (both of 2010) might be more than a year old, but they can still help small business owners save money on their 2011 taxes. For your reference, here are eight changes from those laws that you should consider when preparing and filing your business return:… Read more »

How Many of These Essentials Are in Your Employee Handbook?

From law firm Dinsmore & Shohl, a list of ten essential policies and procedures you need to include in your employee handbook. Because your handbook is a key tool for communicating trust and establishing successful relationships with your workers: “It is the employee handbook that creates company policies, procedures and expectations that serve to avoid… Read more »

7 Employment Law “Hot Buttons” for Small Business – A Legal Roundup

The landscape of employment laws evolves quickly, and entrepreneurs and small business owners are often left scrambling to understand new rules and implement new procedures. To reduce the stress, read these legal updates on seven employment law “hot buttons” that should be on the radar screen of every small business: 1.Social Media in the Workplace… Read more »

Will Crowdfunding Supporters Be Disappointed When Legislation (Finally) Arrives?

If you’re an entrepreneur or small business owner, chances are you’re following the progress of draft crowdfunding legislation currently pending before Congress. The lawyers at Davis Wright Tremaine are too. So far, they’re not particularly impressed: “I think crowdfunding is a great idea in concept, but I am afraid that crowdfunding enthusiasts are going to… Read more »

It’s Valentine’s Day – Do You Know What Your Employees Are Doing?

“Valentine’s Day is right around the corner, and while you might be tempted to show your affection to colleagues with candy, flowers or thoughtful cards, labor attorney Steve Palazzolo has one suggestion: Don’t…  ‘What worked for us in elementary school does not translate successfully to the office. To avoid conflict – or, even worse, violating… Read more »

Your Business Healthy? Measure It Against These 10 Best Practices…

From Lane Powell’s Annie Lee, this update contains ten practical suggestions for maintaining the health of your business. It’s like a dose of preventive medicine for your company: “6. Adopt financial controls. Work with your accountant to develop appropriate templates for your general ledger and financial statements. Make sure your bookkeeper, controller or chief financial… Read more »