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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 […]

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

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

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

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

“My business is an S-Corporation.” I’ve heard this statement hundreds of times from business owners and entrepreneurs. Even certain literature from our own State of Florida states “An S-corporation is also called a standard business corporation.” Despite the confusion, there is actually no such thing as an S-Corp from a legal standpoint. The confusion sets

Few things are more valuable to a business than a productive partnership, but nothing is more destructive than partners who don’t get along. Apple would never have gotten off the ground without the complementary talents and personalities of Steve Wozniak and Steve Jobs, and many other businesses profit from the diverse abilities that two partners

In 2007, Rain, a Korean pop-star, canceled a show in Honolulu just days before the concert was scheduled to occur. After a lengthy jury trial, Rain was found liable for breach of contract and was ordered to pay the Hawaiian concert promoter $5 million in punitive damages, $1 million for damages related to fraud, and

One of the first decisions you have to make about your new business is to choose your legal structure. Sure, this may not be the most exciting decision ever, but it’s critically important. One common legal structure for small businesses is known as a limited liability company, or an LLC. In this blog entry, we’re

Business divorces are common. You and your partner had a million-dollar idea, the entrepreneurial fire engulfed you, and you eloped to the business wedding chapel hoping the love would last. Now, your partner thinks he’s the next Bill Gates and you’re the one holding him back (he’ll later accuse your attorney of worse, as well