You’ve worked hard building your business and you want to ensure that tradition of success extends beyond your tenure. The realities of the situation dictate that even though it might be unpleasant to think about, it is extremely important for all business owners to have a succession arrangement. The health and longevity of a business depend on careful… Read More »
Many of us have grown up believing in the general infallibility of the written contract. And while the written contract does indeed hold a tremendous degree of legal clout, it’s not always the end-all, be-all solution for every court case. In fact, some contracts are considered void in special circumstances, such as when a person is believed to… Read More »
In today’s justice system, “liability” is one of the most important concepts to understand. If you ignore liability, you can find yourself on the wrong end of a highly contentious lawsuit – or you may miss out on damages that you’re owed simply because you didn’t think about liability.
In business, there’s no escaping this simple fact: we operate in a world of laws. In many cases, we might not agree with these laws, as excessive and wasteful regulations hamper the progress of innovation. But many of these laws work to our advantage, and there are good reasons they’re kept in place. These are the kinds of… Read More »
Want to know a quick way to sink your business? It’s easy: stop putting everything in writing. Rent an office from someone who doesn’t “do” lease agreements. Pay your taxes with as little information from tax forms as possible. Operate your business like an LLC, but don’t actually register as an LLC. That should put you under pretty… Read More »
To some people, family and money are like oil and water – they just don’t mix. And yet oddly there’s no good way to separate family from money. We send our kids to school, buy each other Christmas gifts, feed each other, and ultimately share our lives and finances with each other. That is the kind of reasoning… Read More »
In an ideal world, every business partnership we enter would be a ticket to earning money. Everyone would enjoy each other’s company, everyone would contribute work toward the common good, and we would spend weekends at the yacht club sipping mojito’s.
An important requirement when filing your federal trademark is showing that you are “commercial using” the mark you want to register. The U.S. Patent and Trademark Office (USPTO) requires proof of “use” so that people do not attempt to register marks to just “reserve” them. 1. How to prove “use” of a trademark. If you are filing a… Read More »
Your Credit Score There’s a lot of hype these days regarding knowing your score and identity fraud, like the catchy commercial to get your “free credit score” by signing up for a credit monitoring service. Do your wallet a favor and don’t. Most of your credit is made up of: what types of credit (for example, mortgages, car… Read More »
When you get into trouble, document the reasons for your hardship and sent your creditor a certified letter. Make sure you tell them that they are not to call your place of work as your employer does not allow you to take personal calls. Tell them not to call your relatives, friends or neighbors. They want money which… Read More »