Are you thinking about a change of ownership of your company? If you are, start preparing now, even if you’re not planning to leave immediately. A change in business ownership can be a sensitive matter for employees as well as…
A business startup has several options for legal structure. Each has pros and cons; the LLC structure, which stands for limited liability corporation, is used to protect a new business owner’s personal assets from liability or seizure in the case…
Letting an employee go is challenging for everyone involved. With such a life-changing event, many in the business world feel it is prudent to be as open, honest, and prepared as possible for the way the terminated employee might respond…
Family relationships are challenging even in the best of times. During a major transition such as transferring ownership or control of a family business to the next generation, misunderstandings and poor communication can derail the best intentions and plans. A…
Are you thinking about starting a business with another person? If you are, you’ll need to set up specific contracts such as a partnership agreement. They’re necessary even if it’s your spouse, a relative, or friend who’s going to be…
Businesses in America must follow federal and state anti-discrimination laws. The anti-discrimination practices include treatment of employees of the business, treatment of customers, and business policies. Several areas that are not included in federal anti-discrimination laws are protected under state…