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Should small businesses hire a corporate lawyer?

corporate lawyer Should small businesses hire a corporate lawyer? “Corporate” is generally used interchangeably with “commercial” or “business” when describing a corporate lawyer. When used by attorneys, it typically refers to a lawyer who handles business transactions, such as the formation of
Posted in Business Law, Business Planning, Corporate Law

What is the importance of having a business lawyer?

business lawyer What is the importance of having a business lawyer? Every business owner needs to have a lawyer, without exception. The advice and protection of a lawyer are indispensable during lawsuits and other conflicts. Here are five specific justifications for working
Posted in Business Law, Business Planning

What is the function of the law of contract in business law?

business law What is the function of the law of contract in business law? Any business transaction should include a written contract. Contracts make agreements legally binding, and can also serve as reference material, documentation of business policies, and proof in the
Posted in Business Law, Business Planning

How do copyrights, trademarks and patents differ?

copyrights, trademarks and patents How do copyrights, trademarks and patents differ? Intellectual Property broadly refers to original and possibly valuable ideas, such as an invention or a work of fiction. Owning intellectual property gives you the authority to produce or license it. Patents, trademarks,
Posted in Business Law, Business Planning, Copyright Law

What is product liability law, and when is it applicable?

product liability law What is product liability law, and when is it applicable? Product Liability is a legal term that refers to a manufacturer’s, distributor’s, and/or seller’s culpability if a customer is harmed by a defective product. Manufacturers are not required to produce
Posted in Business Law, Business Planning, Buying and Selling of Businesses

What is Business Protection Insurance?

Business Protection Insurance What is Business Protection Insurance? Business insurance is essential protection that will help cover the costs of losses such as lost revenue, lawsuits, property damage, and other costs. Businesses will usually purchase several types of insurance and combine them into
Posted in Business Law, Business Planning

Employment Law Issues for Growing Companies and Entrepreneurs

Employment Law Employment Law Issues for Growing Companies and Entrepreneurs With the complex federal, state, and local employment regulations that apply to all businesses, the human resources industry is growing to meet the demand. The hiring process can easily overburden a corporation,
Posted in Business Law, Business Planning

The Structure of Private Acquisitions

Private Acquisitions_L The Structure of Private Acquisitions Many startups are founded with the end goal of being acquired, as it allows the founders to cash out after a short period of time. There are three primary forms of private acquisition structures: merger,
Posted in Business Planning, Buying and Selling of Businesses

Preparing for an Exit Transaction

Exit_Transaction_ L Preparing for an Exit Transaction Initial public offerings are becoming less common as startup founders are starting to look to exit their companies through acquisitions or asset sales. If a merger, acquisition, or asset sale seems likely for your business,
Posted in Business Law, Business Planning, Buying and Selling of Businesses

Basics of an LLC

Basics of an LLC The most common reason to form an LLC over other business types is because it protects the business owner from personal liability. However, business owners who do not properly set up or manage their LLCs may
Posted in Business Law, Business Planning