Legal

Legal (9)

5 Ways Businesses Can Avoid Becoming Ensnared In An Ethical Lapse

Major brands such as Facebook, Volkswagen, Starbucks, and most recently Papa John’s have endured controversies that called into question their ethical practices. Those companies are only the latest to be exposed for problems that consumers and those knowledgeable about corporate culture often link with a lack of ethical standards at the highest executive level. This can cause an erosion in the public’s trust, which in turn eats away at a company’s bottom line. Research by Mintel revealed 56 percent of U.S. consumers stop buying from companies they believe are unethical, and it also showed that more than 60 percent of consumers think ethical issues are becoming more important.

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Mediate, don’t litigate

mediation“The essence of mediation is that all sides have chosen to work out a dispute between themselves,” says Steve Smith, President and Head Coach with California’s GrowthSource Coaching, a business consultancy.  According to Smith, a mediator is an independent third party who works to being people or organizations together so they can “come to their own solution about resolving a dispute.” Read more...

Contemplating legal templates for your small business

Image for Legal FormsCommon sense tells entrepreneurs there is more to running a successful small business than opening the front doors or maintaining a user-friendly web site. Among the multitude of concerns facing entrepreneurs is how to legally protect their business interests, regardless of whether they stem from a real estate contract for renting or purchasing a new location for their enterprise or an employment agreement with staff members. Read more...

Estate planning matters for small business owners

estate planning“It is vitally important for everyone over 18 to have a Last Will and Testament. Maybe more important is for all people to have a plan in place in the event they become incapacitated or gravely ill,” says Doug Thesenvitz, an estate planning attorney with Thesenvitz & Mickelson, LLP in Sioux Falls, South Dakota. Read more...

Cloud Storage And Client Confidentiality: A Perfect Match Or A Perfect Storm?

data breaches notificationIf you thought storing your client’s files on the clouds not only ensured nearly constant access to the information anytime, anywhere as well as complete confidentiality, think again. As long as there are hackers willing to do anything to infiltrate private information, there are risks associated with storing your client’s proprietary data on the clouds. Fortunately, however, there are steps business owners can take to lessen the chances of cloud infiltration. Read more...

The State Of Your Estate And Your Small Business

Estate Planning“Estate planning for the small business owner is important because it allows the small business owner to set forth his or her plan for the orderly transfer of the company,” says Alan S. Acker, Of Counsel with the law firm of Carlile Patchen & Murphy in Columbus. Read more...

Online Legal Forms: Can They Work For Small Business?

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With all of the necessary forms for small business owners, it can sometimes be overwhelming. All of the legal steps involved can sometimes seem like just too much! Wouldn't it be nice if they were all just located online in some central place, where you could access them whenever you needed? That's where websites like Legal Zoom come in. They pretty much use the information that you give them to fill out the forms, and then you can send them to the proper department, your state, county, etc. 

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4 Sources for Prewritten Legal Documents

legal-documentWhen you are in business, there will be times that you need to prepare a legal document. Depending on the industry you are in, these can include employment forms, sales documents, business plans, non-disclosure agreements, or rental contracts. While having an attorney on retainer to complete these forms for you is a nice idea, it can also be very costly. In many cases, there is no need to re-invent the wheel- you can find many prewritten legal documents online that you can use for your business. There are some sites that offer free documents, and others that require a subscription or allow you to purchase documents on an as needed basis. While either type of site may work for you, understand that in business, you usually get what you pay for. The following are four sources for prewritten legal documents that you can use to get you started.

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Why You Should Incorporate in a Different State From Where Your Main Offices Are

IncorporateMany new business owners are surprised to find out that they are not legally required to form a corporation in their home state or where the business is physically located. The decision to incorporate your business is a big step in the future of your company, but choosing which state to incorporate in can be equally important. While most business owners choose to incorporate in the same state where they are located, there are some good reasons to consider incorporating in another state. The primary advantages of incorporation in a "corporation friendly" state fall into three categories- total cost of incorporation, taxation on the new business, privacy concerns. If you are considering incorporation, here are a few reasons that you may want to pick a different state.

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