Tag Archives: BusinessLaw

The 4 Most Common Lawsuits Every Business Should Be Prepared For

No business is exempt from legal troubles. When things go sour between a business and an employee, a lawsuit often follows. It’s good to know what to expect in these sorts of situations to know how to best handle them. Here are the most common lawsuits and how to protect against them. How to Avoid the Most Common Business Lawsuits Wrongful Termination – Most workers are hired “at-will” by their employer’s. Unless there is a contract guaranteeing continued employment, the worker must be able to prove that the basis of firing was illegal. The best way for an employer to protect against this is to keep accurate and detailed employee records. Harassment – Lawsuits filed over harassment in the workplace can include anything from minor disputes to unacceptable actions of a hostile or sexual nature. To avoid them, distribute an employee handbook detailing harassment rules and requiring it to be…
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Four Important Commercial Real Estate Laws You Need to Know

Commercial real estate law isn’t the easiest thing in the world to understand, but can lead to huge consequences if you do something wrong. There are real estate laws created by the federal government, state government, and even local regulations and ordinances that must all be followed. Sometimes, the rules all seem to contradict each other, and other times they’re worded so vaguely that your eyes would cross just trying to understand it. Common Commercial Real Estate Laws You Need to Know Landlord/Tenant – Landlord/Tenant laws can be especially confusing at times, because they are written to be in favor of two separate parties. This can sometimes cause misunderstandings or contradictions. It’s important that both the landlord and the tenant understand the rules so that they can follow them. Zoning – Zoning issues often come up when someone is concerned over how a piece of land or property is going…
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4 Steps to Creating an LLC

When creating an LLC, you’ll have to complete each of the following steps without error. 4 Steps to Creating an LLC Pick a Name – It sounds like an easy enough task, but there are rules for coming up with a name for a limited liability company. For example: The name cannot match any other LLC on file The name must not include any word or phrase which is prohibited by the state. The name must include the phrase “limited liability company” or an abbreviation at the end. This includes “LLC,” “L.L.C,” and “Ltd. Liability Co.” The name cannot be in violation of another business’ trademarked property. Certificate of Organization – After you have settled on a name for your LLC, you will have to file the appropriate paperwork with the state’s LLC office. The documents you are required to file in order to get a certificate of organization will ask…
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Ask Yourself These Important Business Questions

Whether you’re just starting out with a new business or have been at it a while, it’s important to always know where your business is and where it’s going. To keep your business moving forward, ask yourself some of these important business questions. Important Questions for Business Owners What Problem Are You Solving? It’s the most basic of questions that you, as a business owner, should be able to answer. If you don’t know what you are offering your clients or customers, then your business can never truly thrive. Ask your customers why they come to you. What Is Your Overhead vs. Revenue? Businesses that start feeling a dip usually have a common problem; their overhead is too high. Review all of your expenses and cut out what you can. For example, if you have too many employees, or your rent is too high, you may have to make some…
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These 5 Mistakes Can Lead to Serious Business Law Violations

It’s totally acceptable, and understandably common, for small businesses to make mistakes from time to time. There are some mistakes, however, which could constitute business law violations and result in hefty penalties. The best way to avoid these sort of costly mistakes is to know what to look for. Below, we’ve summarized some of the most common holes small business owners sometimes dig themselves into. 5 Common Mistakes Made by Business Owners Vague Employment Handbook and Policies – Your employee handbook and all company policies should be made very clear from the very beginning. In every business there will come a day when you upset a former employee and they go looking for loopholes in your company policy to use against you in court. Make sure your policies are clear and comprehensive in order to avoid employment law Poor Recordkeeping – Losing a document in your personal life can be…
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