Corporate Transparency Act: Understanding Your Obligation

Must Know Tips, Service Based Business

Updated January 3, 2024 As of January 1, 2024, new and existing entities (yes – all) will need to either (i) confirm they qualify for an exemption from the CTA’s reporting requirements or (ii) timely submit a beneficial ownership information (BOI) report to the U.S. Treasury’s Financial Crimes and Enforcement Network (FinCEN).) The long-anticipated Corporate […]

In the intricate dance of business contracts, liability is a term that often gives pause. While the notion of accepting liability might seem daunting, there are strategic reasons why including it in a contract can be a wise move.

Navigating Liability: Why Accepting Any Liability Matters in Contracts

Must Know Tips

Friendship and Business: The Operating Agreement Advantage

Must Know Tips

Picture this: you and your best friends are on the brink of launching a business together (or already have – it’s never too late). Excitement fills the air as you envision conquering the world side by side. While your camaraderie and shared dreams are the fuel behind your entrepreneurial fire, don’t let the flames of friendship blind you to the importance of having an operating agreement in place.

Are you an aspiring cottage food entrepreneur, eager to turn your passion for baking into a successful business? Before you embark on this exciting journey, it’s crucial to understand the legal framework that governs cottage food operations.

Cottage Law: A Guide to Legal Compliance for Food Entrepreneurs

Must Know Tips

Safeguarding Your Business: Essential Steps for Protecting Your Business in the Event of Death

Must Know Tips

As a business owner, your entrepreneurial journey is marked by hard work, dedication, and success. While building and growing your business is paramount, it is equally important to consider the future and take proactive steps to protect your business in the unfortunate event of your passing. By implementing a comprehensive plan, you can ensure the continuity, stability, and long-term success of your business, while also providing for your loved ones.

When selling your business, it’s crucial to recognize the pivotal role that trademarks play as a valuable asset within your overall portfolio. Trademarks not only contribute to the present value and reputation of your business but also allow you to pass on a lasting legacy to the new owners.

Preserving Your Legacy: The Indispensable Role of Trademarks in the Sale of Your Business

Intellectual Property, Must Know Tips

Before You Order Inventory: A Legal Guide to Avoiding Costly Mistakes

Intellectual Property, Must Know Tips

When it comes to protecting your intellectual property, being proactive is the key to success. Ordering inventory for new products is an exciting endeavor, but it’s vital to take proactive measures to safeguard your brand from potential infringement.

Selling a business requires comprehensive preparation to ensure a successful and smooth transition. As you contemplate selling your business, there are critical steps you need to take to maximize its value and attract potential buyers.

How to Prepare Your Business for Sale: Ensuring a Seamless Transition

Must Know Tips, Uncategorized

Why Every Business Should Build an Exit Plan for Future Acquisition 

Must Know Tips

When starting a business, entrepreneurs often focus on the exciting journey of building and growing their company. However, it’s essential to think ahead and consider the long-term goals, including the possibility of selling the business. Building an exit plan from the early stages can have significant advantages, even if you don’t plan to sell in the immediate future.

Understanding your rights to terminate a business relationship should start before you sign. I want to terminate a relationship, where do I start? Before you pick up the phone to end the relationship, go back to your agreement. Specifically,be sure to review the termination and payment clauses. These clauses will layout what noticeyou must provide […]

Things to Think About When You Want to Terminate a Relationship

Must Know Tips