Four Documents Every Business Owner Must Have

Every business needs a legal strategy. What you need to determine is whether you would prefer to make a small investment in preventative legal work or wait until you’re facing a lawsuit or dispute requiring ten times the amount of work (and fees).  What sets the Trembly Law Firm apart is that we actively seek to keep business owners out of the courtroom. While there is no way to completely eliminate the possibility Read More

Business Litigation: Ten Quick Tips to Keep You Out of The Courtroom

Getting involved in a lawsuit represents a serious expense for any business. While you can’t avoid the possibility of a lawsuit, here are ten things you can do to protect yourself. 1. Make sure your business is set up properly to limit your liability. If your business is a partnership, make sure the partnership is set up properly. The terms of a partnership need to be thought out carefully and discussed with an Read More

Business Litigation: Four Factors to Consider Before Settling Your Lawsuit

A lawsuit is stressful in many ways, and it is often tempting to settle as soon as possible just to put an end to the stress. On the other end of the spectrum, sometimes there is so much emotional involvement in the lawsuit that you’re reluctant to settle at all. To ensure you’re making the right decision at the right time, here are several things to consider. Emotion aside, what’s the bottom line? Is this lawsuit Read More

Starting a Business: Four Key Questions for Success

Are you launching a business? If so, congratulations! Running a business is a challenging but incredibly rewarding experience and we wish you all the best. In this blog entry, we are going to highlight four important questions that every prospective business owner should consider before taking the plunge and creating a business. 1. Are you ready for the risks and challenges that accompany life as an Read More

Business Owners: Four Steps to Limit Liability and Reduce Risk

No business owner wants to face a lawsuit. The good news is that you can proactively take steps to lower your liability and reduce your risk. In this blog entry, we’re going to discuss several essential protections that every business should have in place. 1. Structure your business properly. How you structure your business is a critical decision. A limited liability corporation, for instance, provides good Read More

Sooner or Later, You’re Going to Get Sued… So be Prepared!

If you run a business, there’s a very good chance that you will face a lawsuit at some point. And if you wait until you’re actually facing legal action in order to prepare, it could be too late. Today we’re going to cover practical steps that you can take right now in order to put yourself in the most advantageous situation should a lawsuit arise. Hire an attorney now… not once you’ve already been sued. An attorney Read More

Selling Your Business? Here are Three Tips to Help You Boost Its Value

Selling your business can be very rewarding, and it should be the ultimate goal of any business owner.  It is an opportunity to “cash out” on all of the hard work you put into creating and developing your business. Unfortunately, for many business owners, the process turns out to be a disappointment.  Often times, this is because they are unable to find a buyer at all, or because they only receive offers that are far Read More

Five Reasons Your Business Needs a Lawyer

In today’s business climate, every business owner needs to have a lawyer on their team. Lawsuits and other legal complications can arise seemingly out of nowhere, and you need to be protected. Here are five reasons you should have a relationship with a business lawyer. (And, if you keep reading, you’ll see that it is not necessarily expensive.) Having a lawyer on your team can tilt the field to your advantage in the Read More

Capital Contributions vs. Loans; Have You Documented Appropriately?

Often times, business associates feel as if they do not need to have everything in writing. This is particularly true if they have gone into business with friends or relatives. Unfortunately, it is impossible to predict which business arrangements are destined to break down. Businesses co-owned by friends or relatives are just as likely to run into problems as any other business. Not taking the steps to secure Read More

LLC Owners: Have You Really Limited Your Liability?

You registered your business as an LLC. Whew. Now you can relax, right? You no longer need to worry about personal liability from business debts. Unfortunately, it is not that simple. If a creditor is attempting to collect debt from your business but you do not have sufficient assets to satisfy the debt, the first thing a savvy debt collector will do is look for a way to invalidate your liability protection. The debt Read More