Running a business comes with numerous responsibilities, including managing your team of employees. Every company should have a comprehensive employee handbook as a guide for its workers. Your company’s employee handbook outlines the rules, expectations and core ethos...
Business Consulting & Advice
Why does my LLC need an Operating Agreement?
As a business owner, you have numerous options in terms of the structure your company takes. One of the most popular choices is to form a Limited Liability Company (LLC). The most important aspect of setting up an LLC is the documentation. An operating agreement is a...
Should I buy the company or the assets of the company?
Generally, a business can be acquired in two ways. The purchaser can acquire either 100 percent of the company’s stock, giving them control over all the assets and liabilities. Or, individual assets can be identified and sold, while other assets remain with the...
Legal pitfalls of managing remote workers
With advancements in technology and unforeseen events in recent years, remote working has become a viable alternative for many companies. Employees are now increasingly working from home or at least on a hybrid basis. This has its benefits, such as workers being able...
Identifying legal risks for online businesses
Technology has changed the way commerce is carried out. Nowadays, the majority of major businesses conduct many of their transactions online. E-commerce has made it easier to access global markets and secure sales with the click of a button. With that being said,...
The pros and cons of sharing equity with a key employee
While business owners play a pivotal role, they generally understand the importance of employees too. There are several ways that employees can be rewarded. For example, they may receive a salary increase or bonus. They may be sent on a family vacation. Sometimes,...
Can my business restrict employees’ social media activities?
Social media plays a pivotal role in modern life, and the chances are that all of your employees have at least one account. Generally, what employees post on their personal pages in their own time is of little concern to the company they work for. Nonetheless, there...
How can I best protect my business from creditors?
Running your own business can be rewarding both personally and financially. That said, it does not come without challenges. There may come a point when your business is exposed to creditors. What steps can you take to protect your company from claims? Structuring your...
Establishing a successful collections strategy for your business
Ideally, your business will carry out its services and be paid the agreed amount on time. Usually, this is precisely what happens with the majority of your clients. Unfortunately, it doesn’t always work out this way. Delayed or missed payments happen for numerous...
What’s the difference between mergers and acquisitions?
Two strategies that business owners can employ for growth are mergers and acquisitions. Often, these terms are used interchangeably, but they are actually very different in meaning. Taking either route is a significant decision for any business owner, so it’s...