Before incorporating, a business owner should think about tax implications, a corporation's perpetual existence, and protection from liability. A common question among small business owners is whether to incorporate a company to carry on their business. However, this simple query often leads to a … [Read more...]
Small Business Essentials: An employment lawyer’s perspective
Three essentials all small business owners should have in place are employment agreements, policies, and termination letters and releases. One of the most common mistakes small business owners make is assuming a small number of employees means proper employment documents are less important. On the … [Read more...]
What happens when a business owner divorces? Part 2
In this second part, let's look at protecting a business, and calculating child and spousal support. Part 1 of this article explained the various ways a divorcing spouse can be compensated for their family property claim to a business. Part 2 now looks at how to insulate a business from the … [Read more...]
What happens when a business owner divorces? Part 1
In this part, let's look at buying spouses out and corporate assets. Whether you are a business owner, the spouse of a business owner, or in business with another family, you may be curious about what impact a divorce can have on the business. If your business partner is divorcing or you are … [Read more...]
What Does a Commercial Contract Do?
Most everyone knows that a contract — whether oral or written — is simply a legally enforceable agreement. But what, practically speaking, does a contract — and, in particular, a commercial contract — actually do? A commercial contract does three important things in the eyes of the … [Read more...]