Avoiding the Squeeze: 4 Steps You Should Take Right Now to Protect Your Business from Frivolous Lawsuits

If there ever was a no-win situation for a business owner, it’s a frivolous lawsuit. Not only does the suit require attention, it also requires a lot of money in the form of lawyers fees to fight off the frivolous suit. The bad news is that nothing can prevent someone from filing a frivolous lawsuit. The good news is that there are a lot of things you can do to make it less likely that one will be filed in the first Read More

Planning Considerations for New Entrepreneurs

New entrepreneurs have many different aspects of running their business to worry about. It might seem like cash flow is one of the most important things you can focus on, but there are numerous different business planning avenues that should be followed and tracked regularly in order to ensure that your company is growing or in a position to be sold. One of the most important aspects of early business planning is Read More

4 Common Examples of Injunctive Relief

If ever there was a super legal-sounding term for a fairly common occurrence, it would be injunctive relief, which essentially, means to get someone to stop doing something. In other words, you want to enjoin (stop) the other party from doing something and the act of getting them to not do that something is your desired outcome or relief. Most often, there must be a showing of irreparable harm if the injunction is Read More

What you Need to Know About Fiduciary Relationships in Business

You may have oftentimes heard the term “fiduciary,” particularly with respect to relationships involving money. Fiduciary relationships, however, extend far beyond monied situations into just about every aspect of business. At their core, fiduciary relationships are ones of trust. It is fitting, then, that the term “fiduciary” derives from the Latin fiducia which means “trust.” In modern legal parlance, a Read More

5 Signs Your Business Dispute Is Headed for Litigation

Just like some colds turn into pneumonia or something else more serious, business disputes can also take a turn for the worse - they can head to litigation. Litigation is expensive, time-consuming, and may not even manage to settle the actual dispute in the long run. Thus, it is very important to know the signs of when your business dispute is heading in this direction to be able to either head it off at the pass or Read More

5 Potential Issues That May Arise After the Final Closing of a Business Purchase

You are finally the proud new owner of a business and are ready to move full speed ahead into the glorious future you have set up for yourself. Then why is the IRS all of a sudden knocking on your door? Why are you getting served for lawsuits from people you’ve never heard of? Why did these issues seem to spring up from nowhere? The most likely answer is that your solid business actually had a lot of skeletons in its Read More

5 Common Causes of Shareholder Disputes

Shareholders come in all shapes and sizes. They range from municipal pension funds with millions of shares of Apple to your Aunt Jane who owns stock in her family’s private company. Regardless of how many stocks they own, the pension fund or your Aunt Jane have the potential to get involved in a shareholder dispute with the owners of the company or other shareholders. What is a shareholder dispute? Simply put, it Read More

What the UPL?! – What CPAs Need to Know About the Unauthorized Practice of Law

After many requests from you, we have decided to bring you: What the UPL?! - What CPAs Need to Know About the Unauthorized Practice of Law As a CPA, from time to time your clients request documents from you that dip into legal work (as attorneys, we face the same dilemma, having to disclaim the fact that we can't give tax advice all the time). Because you help set up legal entities, how do you know when you're Read More

Do the Due: The Importance of Conducting Due Diligence in a Business Purchase

Purchasing an existing business can be a substantial outlay of resources including time and money. Just like you would take a used car to the mechanic to have it checked out before you buy it, you should always do your due diligence on the business that you are looking to purchase. But how exactly do you do that? You’ll need to do a lot more than just kick the tires. Here are some things to look at and keep in Read More

Which Type of Business is Right for You?

Congratulations on taking the first step towards becoming a business owner. After making the all-important commitment in starting a business, you must also simultaneously decide what form you wish for your business to take. In determining what form of business you wish to undertake, there are different factors to take into consideration. Most importantly, determining what type of business structure you choose can Read More