As a business owner, your main focus is to ensure that the company continues to grow. You can only go so far on your own, so your staff and business partners will also be pivotal. One thing that you might want to have in place is your vision statement. Essentially,...
Business Law
Defining fiduciary duties
The term fiduciary is often mentioned in legal and financial circles. However, the precise meaning of this term can be hard to pinpoint. As a client or beneficiary, you have a right to know what you can expect from professionals who you entrust with your finances or...
3 helpful tips to avoid business litigation
Owning a business puts you in the driver’s seat regarding your day-to-day operations. Unfortunately, no matter how careful you are, all businesses may face litigation at some point. Unfortunately, business litigation is time-consuming and expensive. Additionally,...
Should your business partner be similar to you?
When you are looking for a business partner, it is fairly natural to assume that you need to find someone who is similar to you. You might assume that you will get along with this person in a fundamental way, and it will feel like the two of you would make a good...
Non-compete agreements need to be limited
If you’re a business owner, you may be wondering if you can use non-compete agreements. When you have your employees sign these agreements, they are giving up their right to work for the competition. They are also saying that they will not start the competition by...
New technology could mean new liability
In this digital age, technology plays a major role in every industry. However, new developments often come with new risks businesses must understand. There are a few fronts where liability could increase. Here are three in particular businesses should know. 1. Product...