One of the most unpleasant tasks that business owners face is having to terminate someone – whether because of poor performance or as part of a larger layoff. Almost as unpleasant is having to rescind a job offer that’s been made and accepted. That can happen for a...
Business law
Business law
Strategies for getting customers to pay on time (or early)
One of small business owners’ least enjoyable jobs is having to pester customers to pay them. Some require multiple follow-ups before they eventually pay. However, late payments can cause serious issues with your cash flow. Getting customers to pay what they owe you...
3 reasons to change the legal structure of your business
When you decide to start a business, choosing its formal structure will be one of the most important decisions you make. Based on the possible risks and the way you want to do business, you might create a partnership, an LLC or even a nonprofit corporation....
Consider these factors when enlisting a new business partner
Although you may have done much of the groundwork on your own, there will probably come a time where you need some help with growing your business. There are numerous options open to you at this point, including seeking out a new business partner. Choosing the right...
Top reasons for contract disputes
One of the main reasons to use a contract is to avoid a dispute by getting all of the details in writing. It also provides some level of guarantee that goods or services will be rendered, or that an employee or business partner will act in a certain way. ...
Is changing your corporate structure post-formation an option?
Many individuals who go into business for themselves have the weight of the world on their shoulders. They must come up with the funding to get their company off the ground and wear many hats regarding their roles in their business. Business owners often find...
When do companies add restrictive covenants to work contracts?
Employment contracts formalize the relationship you have with a new worker. Contracts make plain in written language the obligations of that worker and the responsibilities your company will assume toward that employee. Employment contracts often outline compensation...
11 common business mistakes you need to avoid when starting up
If you’re starting a new business, you need to focus on more than just what you want to do to make the company successful. You also need to think about what not to do and how to avoid mistakes that could sink your new company. Fortunately, if you take the time to...
Ensure your business contracts contain certain valuable clauses
Those operating a successful business in Elizabethtown understand the value of well-drafted business contracts. With a solid business agreement, it is possible to avoid many legal issues before they ever have a chance to arise. In turn, your business proceedings flow...
Should you build a noncompete agreement into your employment contracts?
You’re a business owner who wants to be fair to your employees. Something that you’ve been looking into is how long you should ask them not to work for competing companies following their termination or choice to leave your company. You don’t want to overburden them,...