Small business owners are frequently overwhelmed when it comes to legal situations surrounding their business. These are some common legal mistakes that small business owners make in the early or evolving stages of their business which can often cost them more money in the long term. Mistake Number 1: Not Choosing the Right Legal Structure Read more about Three Common Legal Mistakes Small Business Owners Make
Posts Categorized In: Business Law
As most small businesses know, the Department of labor made good on its plans to increase the wage threshold portion of the Overtime Test that concerns White Collared Salaried employees. The current standard places the wage at $455 a week ($23,660 a year), which changes to $913 a week ($47,476 a year) on December Read more about How Can Businesses Handle Minimum Wage Requirements in the Fair Labor Standards Act?
So you’ve built your small business to the point where it is highly desirable and outside parties want to purchase it from you. Congratulations! This can be a very exciting time for you and also very personal. After all, this business is like a family member and you want to treat the process as Read more about What to Consider When Selling Your Business
Your business is important to you. As such, it is equally important for your legal advisor to fully grasp your needs and goals so that the advice given helps you achieve them. If you are considering starting your own business, take a few minutes to think about the topics below. These are not in Read more about 7 Essential Questions to Think About Before Forming Your Business
You may have one of the best employees at your workplace and you may trust them with all your heart, but what happens if things go sour at work and that employee becomes disgruntled? What if they sue you, or, take your clients to a competitor they now work for? Establishing properly prepared workplace agreements Read more about 10 Workplace Agreements Every Texas Employer Needs to Establish
As a business owner in Texas you know that sooner or later one of your employees will leave and absent the existence of certain agreements being in place ahead of time, and depending upon your industry, you may find yourself and your business at a competitive disadvantage. While it may seem on the surface that Read more about On the Matter of Departing Employees
If you’re a small business in Texas, chances are you have an almost non-existent IT infrastructure in place. But what happens when your company has been the victim of a data breach? Cyber-criminals are rampantly upping their attacks on small businesses because of their greater chances for security vulnerabilities. Such as: Lack of awareness No Read more about Best Practices for Protecting Customer Data