How to Valuate a Small Business
Whether you are an owner considering whether or not you should sell your small business or an individual thinking about buying a business that is on the market, it is important to determine how much the business is worth. This can be a daunting task. Every business is different and for that reason no...
How to Valuate a Small Business Continue reading…Employee Handbooks: Important Provisions
An employee handbook is an instrument that is widely used by employers to communicate their expectations and policies to employees. There are many reasons to develop and distribute an employee handbook. These written documents enable employers to clearly outline what is expected from employees and what employees can expect from the employer. In the...
Employee Handbooks: Important Provisions Continue reading…Negative Online Reviews – Do They Constitute Business Defamation?
We are living in the digital age and consumers use the internet to make a variety of decisions, including what products to buy and what professionals to hire. During their research, many savvy consumers go online to look at the reviews the business has received on local business directories like Yelp or Google+. These...
Negative Online Reviews – Do They Constitute Business Defamation? Continue reading…Should Employers Enroll in E-Verify? Pros and Cons
The U.S. Citizenship and Immigration Services, in partnership with the Social Security Administration (SSA), offers E-Verify to help employers instantly determine an employee's eligibility to work. Initial confirmations and "Tentative Non Confirmations" are available in as little as three to five seconds.
The voluntary Internet-based program works by comparing the information from an...
Should Employers Enroll in E-Verify? Pros and Cons Continue reading…Form I-9 Inspections
The Immigration and Nationality Act (INA) requires employers to verify the identity of their employees and their eligibility to work in the U.S. To comply, employers must retain original I-9 Forms for current employees and, for former employees, keep them for at least three years. These need not be submitted to the government but...
Form I-9 Inspections Continue reading…Privacy and Security in Business
Almost every business collects uses and records customer information in some way, shape or form. Your business may obtain names, addresses, telephone numbers, credit and debit card information, social security numbers or health care and insurance information in the ordinary course of business. This data is often required in order for you to be...
Privacy and Security in Business Continue reading…Franchise Agreements
A franchise agreement is a contract that governs a franchise relationship. These agreements are entered into by the franchisor, the entity that owns the business model, and the franchisee, the individual or entity that will run a location of the business. While the terms of each contract are unique to the particular deal, most...
Franchise Agreements Continue reading…Common Area Expenses in Commercial Leases
There are different types of commercial leases, such as gross leases, modified gross leases and net leases. One variation of the net lease is a “triple net” lease, in which the tenant is liable for a net amount of property taxes, insurance and common area maintenance relating to the property they are possessing. Most...
Common Area Expenses in Commercial Leases Continue reading…Do Single Member LLCs Provide Asset Protection?
A limited liability company is a very popular business form that combines some of the best features of a corporation and a partnership. Like a partnership, an LLC is taxed through its individual members. Like a corporation, it provides limited liability to its members. In most situations, the personal assets of LLC members cannot...
Do Single Member LLCs Provide Asset Protection? Continue reading…Legal Concerns When Doing Business Online
We live in a digital world and if you are not doing business online you could be missing out on the profits and other benefits of this marketplace. If you want to expand your business horizons using the internet, you should be aware of the legal implications that may come along with the benefits. ...
Legal Concerns When Doing Business Online Continue reading…Legal Concerns for Businesses Engaged in Social Networking
Social media is a phenomenon and in this day and age, it is rare that an individual, organization or business does not utilize it. The use of websites like Facebook, Twitter and Linkedin can be of great benefit to your business and can assist in advertising, marketing and branding. But, it is important to...
Legal Concerns for Businesses Engaged in Social Networking Continue reading…What is a mechanic’s lien?
A mechanic's lien is not just for mechanics. It is a legal tool used to protect workers and suppliers who contribute the labor and materials used to improve a property, real or personal. Workers and suppliers can file a mechanic's lien if they do not get paid and may be able to force the...
What is a mechanic’s lien? Continue reading…