Business owners who are interested in forming a new limited liability company (LLC) or converting their existing business to an LLC are probably familiar with the benefits of this entity type. While the LLC is a great fit for many companies, there are situations in...
Business Law
Nepotism and Business Ethics: What You Need to Know
With a family business, the owners are often a married couple who anticipate passing the business on to their children. But there can be a fine line between grooming your children to take over the job and participating in nepotism, the practice of hiring or promoting...
Business Owners: Consider Alternatives to Noncompetes
Noncompete agreements have gained a lot of interest among employers looking to secure their business in the market. However, for reasons we will discuss below, it may be wise to consider using alternative means of protecting your company if you are a business owner....
What Is a Stock Redemption Agreement and Why Might I Need One?
In a public corporation, shareholders can sell company stock at the current market price at any time. However, selling shares in a privately-held corporation is more complicated because the shares cannot be sold to the general public. Typically, shareholder agreements...
Building and Protecting Your Brand
Brand awareness and recognition are critical components of consumer trust in your business. Thus, building it up can be an important priority for you. However, in the pursuit of increasing your business’s recognition in the marketplace, it can be crucial to consider...
