Category Archives: Business Law
The Business Judgment Rule Protects You When You Make Corporate Decisions
If you are in any position of authority in your company, you are expected to make a lot of decisions about the workings, direction, and activities of your company. Some of those decisions will turn out to be good, profitable ones. But not all of them. When you make a decision that turns out… Read More »
Are You Owed Consumer Or Commercial Debt? The Difference Matters
When your business is owed money, you collect the money in an effort to get paid. You probably don’t give much thought to what kind of debt it is. Money is money and who cares why it was incurred, or why it is owed to you, so long as it is paid back. But… Read More »
Suing For Bad Reviews Online: When Can You Do It?
The internet and social media are a mixed bag for many businesses. They create new and innovative ways to advertise your business, product or service. They also create new ways for frustrated clients and customers—not to mention your competitors—to say things about you which may or may not be true, all under the cover… Read More »
FACTA Can Lead To Lawsuits For Customer Receipts
There are some parts of your business that may seem so automatic, so routine, that you give little thought to them. One of those things may be giving receipts to customers who pay for services or products. But the act of printing and giving a receipt can land you in legal trouble if it… Read More »
How Corporate Resolutions Can Help Your Business
In the course of running your business, you make a lot of decisions. Some you make on your own, and some may be made with the approval of officers, shareholders or board members. But do you write down on paper, all of the official decisions that your company makes? You may not–but you should…. Read More »
Jurisdiction: Where Will You Be Sued?
Many businesses think a lot about whether they can be sued. That’s smart thinking; nobody wants to be on the wrong end of a lawsuit. But have you thought about where you can be sued? The country is filled with courthouses, federal and state, in districts and counties. You should not just assume that… Read More »
Avoiding Personal Liability For Your Business’ Liabilities
One very big benefit of operating as a corporation, as opposed to just doing your job individually on your own, is the protection from liability. When and if something goes wrong, and the company is sued, it is the company that is sued–not you, personally. And if a judgment is entered, the company’s assets… Read More »
The Basics Of Nonprofit Organizations
There are a lot of advantages to forming a nonprofit organization. But many people and businesses don’t know exactly what a nonprofit is, other than what they hear in the news. Should you form a nonprofit, and what differences are there between for profit businesses, and nonprofit businesses? What a Nonprofit Can and Cannot… Read More »
What Is A Breach Of A Fiduciary Duty?
In law, there is no overriding duty to act on someone else’s behalf, or to their benefit. That duty only arises if there is a special relationship between two people. When there is such a relationship, the parties are considered to be fiduciaries to each other, and breaching your fiduciary duty to someone else,… Read More »
Doing Business With The Government? Protect Your Trade Secrets
In the construction world, getting a government contract can be a lucrative endeavor. Government contracts are known to be valuable, and the best thing is that you rarely have to worry that you won’t get paid, or that the government won’t have money to pay what is due, when it is due. But there… Read More »
