Limited Liability Companies (LLCs) are a popular choice for business structures due to the liability protection they offer to their members. However, there are situations in which members of an LLC can potentially become personally liable for the company's actions, including instances of fraud, unpaid debts, and specific contractual agreements. In this blog post, we'll delve into the factors that determine personal Read More
Protecting Your Content on Social Media: What You Need to Know
In the digital age, social media platforms have become powerful tools for sharing content, but they also raise concerns about content ownership and protection. This blog post explores how to safeguard your content on social media, addressing questions like content ownership, protections against unauthorized use, and proactive steps you can take to secure your creative work. **Who Owns Shared Content on Social Read More
Understanding Artist Loan-Out Companies: A Shield for Creativity and Finances
Behind every mesmerizing work of art, there's often a complex web of business operations and financial considerations. In the world of artists, protecting creativity and managing finances is crucial. One valuable tool that artists employ for these purposes is an Artist Loan-Out Company. In this blog post, we will explore what an Artist Loan-Out Company is, its advantages, and how it can benefit artists in their Read More
Understanding the Enforceability of Non-Compete Agreements in Employment Law
Introduction: Non-compete agreements, also known as non-compete clauses, have long been a common practice in employment contracts. These agreements restrict employees from engaging in competitive activities with their current employer after the termination of their employment. However, the enforceability of non-compete agreements has been subject to scrutiny and regulations. This article explores the circumstances Read More
Valuing Separate Property Business Interests in Divorce Proceedings
Introduction: Divorce proceedings can become complex when one or both spouses own separate property business interests. Entrepreneurs who have invested their time, effort, and funds into building their businesses face the challenge of determining the value of their business during divorce settlements. This article aims to provide an overview of how separate property business interests are typically valued in divorce Read More
A Guide to Understanding the Florida Uniform Commercial Code for Business Owners
Introduction: As a business owner in Florida, it is crucial to have a solid understanding of the laws and regulations that govern commercial transactions. The Florida Uniform Commercial Code (UCC) is a vital legal framework that provides consistency and clarity in commercial dealings. This article aims to provide business owners with a comprehensive overview of the Florida UCC, its significance, and how it applies Read More
The Velocity Of Money, Inflation, & The Small Business
The velocity of money is a metric used to determine how frequently a currency unit is used inside an economic system. In simpler terms, your money is also other people’s money. When you spend money at the barbershop, the barber can purchase gas, and the station owner can use that money to take his children to a hockey game. Economists study how quickly currencies are exchanged between people or organizations because Read More
What Litigation May Look Like For You
Entrepreneurs and business owners must dedicate time and resources to mitigating litigation risk. The number of threats they account for can be significant, but it is a financially worthwhile endeavor to prevent issues rather than react to them. For instance, you may be required to contact a business litigation attorney when your intellectual property is being misused or when you have a contractual dispute with one Read More
Events That Cause WARN Act Triggers
One of the biggest misconceptions you can hold as a business owner is that only negligent or careless companies face liability issues. For instance, you may feel insulated from certain issues, such as employee embezzlement and discrimination, because you’ve implemented documented systems, policies, and procedures to prevent it. However, how confident are you that you would get a solid response if you asked an Read More
The Benefits of Proactive Legal Strategies Over Reactive Ones | Legal Department Solutions
Are you a business owner or senior executive who has been struggling lately with unexpected legal issues that have taken your time, resources and attention away from other urgent company matters? If so, then it is important to understand the benefits of having proactive as opposed to reactive legal strategies in place. There are significant advantages for businesses when they look ahead to potential risks and Read More
