Small business owners are no strangers to risk management. You have survived plenty of bumps in the road and emerged stronger than ever. But are you prepared for the financial hit—not to mention the stress and emotional impact—of a lawsuit? Here's what you need to know.
Paying employees is among the top legal obligations of employers. Whether because of financial difficulties or worker conduct, it is generally illegal to withhold payment from employees and could result in a lawsuit, an injunction, civil penalties, or even criminal penalties.
You have probably heard the term promissory note, but do you understand what a promissory note is and when one can and should be used? A promissory note is simply a written promise to repay someone who has loaned you money. More specifically, it sets forth the terms for repayment of a loan on or ...
If you are in the process of starting a corporation, there are many important legal documents you must create and abide by to comply with your state's laws and ensure that the corporation will operate efficiently. Corporate bylaws are one of the most critical documents to have in place.
After the past year's hit to the economy, supporting small business in your community is more important than ever. Some might be looking to make an investment in a small business. Here's what you should know.
You are likely familiar with terms like “trademark” and “copyright” but may not know the distinctions between them. By the time you're done with this short read, you will hopefully have a much better idea about which one is right for what you want to protect!
When you decide to form a business, one legal entity type you can choose is the corporation. The corporation is one of the more complex but also one of the most trusted legal business structures. A key consideration is the way a corporation is managed. Learn more.
In today's competitive job market, giving gifts and other fringe benefits to employees can be an effective way for employers to show appreciation. But generous employers should understand that most gifts and bonuses—even small ones—have tax implications.
There are many misconceptions and assumptions regarding the use and effectiveness of noncompete agreements. This is not too surprising considering that judicial enforcement of these agreements is very fact-intensive and situation-specific. Here's what you should know.
There are more than 773,000 locally owned franchise establishments across the U.S. If you're thinking of joining this group, here's what you need to know.
Owning a business can impact every area of a person's life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa. Failure to think about how these two significant institutions interact can ha...
The decision to close a business is not to be taken lightly. As you consider closing your doors, keep the following steps in mind.
Blogging seems harmless enough, but you could be making a big mistake if you simply begin blogging without taking care of some crucial legal considerations. Bloggers have a variety of considerations to address in order to effectively and legally set up their blogs. Find out more.
At the risk of preaching to the choir, you have a trillion things to worry about as the owner of a new business. We understand how easy it is to let some (seemingly minor things) fall through the cracks. Here's what you need to know.
When starting a business, many entrepreneurs jump immediately into day-to-day operations. But failing to keep a written record of the factors that lead to poor business decisions. Here's why you need meeting minutes.
A stay bonus agreement, also referred to as a retention bonus agreement, is a written agreement between a company and a key employee to induce the employee to stay with the company. Find out more about how this pertains to your business.
Where do you find a good plumber? Who can recommend a good Italian restaurant? Who is the best divorce attorney in town? Sometimes these answers are found by asking family, friends, and neighbors, but many people find answers to these questions on social ...
After filing a trademark application with the U.S. Patent and Trademark Office (USPTO) and getting approval, you must file periodic renewals to show that you are still using your trademarks in commerce. Here's what you need to know.
Contracts are an essential component of effective business management and development. Savvy business owners recognize the value of contracts but often explore ways to reduce the cost of obtaining them. In some instances, business owners attempt to create their own contracts by using templates av...
In today's data-driven world, small businesses often find themselves in possession of sensitive customer data. Failure to adhere to customer data standards and current legislation can result in a loss of goodwill and hefty fines. Here are a few ways you can protect the customer data your business collects.
Business owners typically dislike dealing with the tax reporting, filing, and payment requirements associated with running a business. Businesses that have made payments to vendors and independent contractors need to understand Internal Revenue Service (IRS) Form 1099.
Are you a business owner with employees working from home? Find out what you’ll need to do to maintain a remote workforce on The Browne Firm’s blog.
Your business can benefit from loan forgiveness provided by the CARES Act through the Payment Protection Program. Find out how by visiting The Browne Firm online and reading our law blog!