Choosing a business structure can be one of the most important decisions you make when starting your own business. This decision can have long-term effects on the success of your business because it can affect how your business is taxed, what kind of liability you...
Just as you prepared when starting your business, you better prepare for a potential business break-up Nearly all business relationships end, perhaps due to visionary and decision-making differences, disparate working styles and an unequal partnership as one owner...
When you are running a business, you have a lot of tasks you can work through to make your business operate more smoothly. One of the most important things you should tackle is ensuring that your business contracts are well-crafted and legally enforceable. That way...
When you are building your business, you should think about creating an employee handbook once you start hiring employees. Without one, you can have a harder time enforcing employee rules and you even could face legal problems down the road.Yet the thought of creating...
Trade secrets are invaluable to your company's success. Unfortunately, this value also makes them attractive to thieves. Once your trade secrets have fallen into the hands of your competitors, they are all but worthless.Although theft is a constant threat, there are...
During the start-up business process, a written operating agreement is a necessity for a limited liability company (LLC). This document provides detailed plans regarding ownership and the duties of its members, who are the business owners. In addition, an operating...
It can be exciting to own your own business. Once your company is up and running, you have the feeling of limitless opportunity.An essential part of owning a business is deciding who will take over when you retire or pass on. Life can be unpredictable, so it is never...
As a business owner, the assets you need to protect reach far beyond your cash flow. Your intellect is the foundation for your concept; your trade secrets make your business model unique.If authorities do not consider your employees essential, you likely wonder how...
One crucial characteristic of any trade secret is that it remains secret. It is right there in the name. In fact, the owner of this type of valuable information must take "reasonable measures" to ensure it remains classified - otherwise the law may not consider it a...
Cybercriminals are becoming increasingly bolder and more sophisticated in finding ways to infiltrate computer systems for public agencies and private businesses. Texas Governor Greg Abbott said recently that state agencies detected 10,000 attempted attacks per minute...
