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- Protecting Your Entrepreneurial Vision: Legal Steps
Protecting the idea behind a possible revenue stream is often difficult in the electronic age with so much video recording, data capturing and access to email and websites so that the vision of someoneís idea may be stolen. Because of this, many have sought illegitimate and illegal ways of ensuring their creations and ideas are protected.
- Essential Clauses in a Founderís Agreement
When a new enterprise is launched, it is critical for the future success of the business for the founders to have a clear agreement in place. This agreement should focus on key issues that are critical to the ability of the founders to safeguard the future of the business and to raise money to support the business during its growing period. Clauses in an effective founderís agreement should thoroughly discuss the following topics:
- When a Buy-Sell Clause May be Triggered
Buy-sell agreements are integral to contracts, various agreements and documents necessary in businesses either during the run of the company or when it is being created. These files are drafted to ensure there are no biased or previously determined manners of transferring the ownership of the company from one party to another.
- Business Lawyer Fees and Costs: How to Structure Them for Your Business
Legal expenses can sometimes signify an expensive line item for businesses. This is especially true when the business was not expecting to have to pay a lawyer. Structuring legal fees in a way that fits the needs of the business relies on understanding how legal fees are assessed and the needs of the business.
- Benefits of Using a C-Corporation Formation
The use of a C corporation is the most common and provides potentially unlimited possible growth with the use of stock and various other means. This may bring in numerous investors that are looking to increase their portfolios, have the ability to exponentially raise profits and assist in perceived value in the company. Shareholder numbers are not limited a C corporation as in other businesses.
- Shareholder Rights Against a Director
Some directors in a company start actions that are in opposition of what shareholders want. These decisions may take the business in a direction that is not what may be considered best for transactions, the value of the organization and to accrue revenue.
- Start-Ups: Big Legal Mistakes to Avoid
When starting a new business, there are many mistakes that are made by the owners or partners that may be avoided with the knowledge of what not to do. It is important to research these processes, contact others that have started a company to determine how to prevent pitfalls from affecting the new startup and retain the services of a business lawyer to ensure paperwork is valid.
- Purchasing a Business: Some Liabilities May Not Be Evident
There are many ways in which to purchase a business. These may be through mergers, acquisitions and even purchasing the controlling stock of the company to become the majority shareholder. No matter which manner it is has been purchased in, there are several forms of liability that may not be obvious to those that have bought the company.
- Legal Considerations When Buying a Business: Summary of the M&A Process
Thinking of buying a business? For any armsí length transaction, it is critical that buyers take certain steps during the purchase process (also referred to as the M&A process) to protect their legal and financial interests. Assuming the buyer has already identified a viable target company to purchase, we summarize here the essential next steps in this M&A process.
- Protect Yourself from Liability Caused by Your Employees' Mistakes and Misdeeds
Appliance repair, carpet cleaning, and plumbing all have one thing in common: They can face expensive legal liability if a mistake is made or a mishap results in damage to the customer's home. Such liability is even worse if an injury is involved. Fortunately, there are ways to protect yourself and your company from such things. Be sure to implement them to keep your risks in check.