Tag Archives: BusinessLaw

Does My Company Need a Social Media Policy?

Social media platforms have become an all-encompassing part of our society. In addition to having individual uses, these platforms also allow businesses to promote their brands. However, certain mistakes on social media could hurt the reputation of your business and its brand. It is important to consider creating a social media policy for your employees. A policy could address issues that include but are not limited to: Identifying who can represent the company online. Your policy could list the names of people who are allowed to speak for your company on social media. Select these people to avoid creating any confusion among clients or other employees. Identifying topics that cannot be discussed on social media. Your policy could address certain topics that cannot be discussed on the company’s social media accounts. For example, the policy could bar employees from posting confidential or proprietary information. Additional taboo topics, such as talking…
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What Questions Can’t I Ask Job Applicants?

Is your business currently in the process of hiring new employees? If you are looking to hire new people, then you should be aware of what types of questions your hiring managers are asking jobseekers. There are certain types of questions that could get you in trouble under the New Jersey Law Against Discrimination, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act and other federal laws. Job interview questions cannot address topics that include: Race Religion Nationality Disability (mental or physical) Pregnancy Sexual orientation Age (over 40 years old) Marital or domestic partnership status Your hiring managers should avoid asking questions such as “do you plan on having children?” or “do you have a mental disability?”. Even seemingly harmless questions can run afoul of state and federal laws. For instance, “do you celebrate any religious holidays?” could potentially get your business in trouble. There…
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Do You Need a Lawyer to Sell a Business?

The decision to sell a business can be very challenging. Determining a fair price and finding a quality new owner to take over operations is just the beginning. There are a multitude of complicated legal and financial decisions that need to be invested in the process to ensure the deal is fair for both parties. Planning ahead when selling your business is very important as it can save you a lot of money for your retirement. How Should You Plan for Selling Your Business? Seek out a team of professionals: Unless you are well versed in local tax laws, business transaction laws, and an expert in business valuation, getting a business transaction attorney, accountant, and business broker will be necessary to avoid making huge sales errors that could greatly devalue the transaction. Plan your taxes: According to entrepreneur.com, mistakes made on the tax details alone could sacrifice 50 percent of…
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Why Did This Fair Practices Lawsuit Get a Close Shave?

Do you know how big the international shaving razor market is? Probably a lot bigger than you ever imagined. One company controls around 65 percent of the market for shaving razors worldwide, and that company brings in about $7 billion a year. So, when a new kid on the block shows up, you bet that company is going to protect its business. But did this company’s non-compete lawsuit go too far? Its competitor thinks so, and it filed a fair practices lawsuit to prove it. Will This Fair Practices Lawsuit Cut Deep? ShaveLogic is an ambitious new startup in the shaving industry. Its advanced razors features more blades in a smaller razor and a shaving head that locks in place with magnets. After developing its products, and putting together a sizzle reel, this company started approaching investors a few years ago, but things haven’t gone according to plan. P&G—owners of…
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4 Legal Tips for Starting Your Own Freelance Business

One of the greatest obstacles you may face when starting your own freelance business is the amount of legal verbiage you must sift through to ensure you meet all rules and regulations. However, they are a necessary part of starting a business. You shouldn’t let them prevent you from pursuing a meaningful enterprise. Tips for Starting Your Own Freelance Business Know which permits and licenses you need – Even if you plan to run your business out of your home, there’s a good chance your state requires a permit for that (The Home Occupancy Permit). If your state doesn’t require one, it may still be worth getting. Most people prefer to work with a company that is licensed. A permit makes your freelance business precisely that. Register and calculate your taxes – In lieu of an employer, you will have sole responsibility for paying your taxes. Register with a certified…
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