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- Chief Financial Officers Can Be Held Liable
CFO and corporate accountants must be aware that the improprieties of their superiors could lead to their own personal liabilities. This is because Courts have found that corporate officers can breach their fiduciary duties to a company if they are involved in conduct that benefited their superior officers by approving or concealing improper expense reimbursements.
- Business Entities: What's in a Name?
When you think about a business entity choice, the name of a business may come to mind. However, a business entity is so much more than just the name of your business. The business entity choice can have implications in all aspects of your business operations including the amount of taxes you will pay, personal liability, transferring assets and more.
- The Business Judgment Rule and Liability
Many business rules apply to employee, management or both. Some of these regulations affect what is permitted, which circumstances are allowed and how liability affects someone. Wrongful conduct, participation that leads to negative consequences and similar matters may be the foundation for litigation between persons in a company.
- Legally Splitting up Business Owners
Splitting up a business when there are multiple owners is often both difficult and complicated for each individual as well as collectively. This affects the assets, liabilities, individual debts, joint debts, employees and operations. When there are no contractual terms that specify what to do, this very act could cause either the complete stop of daily transactions or the ruin of the company.
- How Small Businesses Can Afford Legal Counsel
With limited capital at the start of a business, hiring a lawyer can be a daunting prospect, and is commonly perceived as being too expensive, or a lower priority.
- Does My Business Really Need An Attorney On Retainer?
Have you ever heard the old saying, "an ounce of prevention is worth a pound of cure"? That is exactly why every business should have a law firm on retainer.
- How a Corporate Attorney Can Help You Negotiate Master Service Agreements
Do you feel like you waste time developing new contracts for the same services, or worry that you're exposing your business to risks because you have to negotiate agreements quickly in situations where operational needs don't give you enough advance time to consider all the important issues?
- Is There a Way to Have a Designated Law Firm as a Small Business without a High Retainer Fee?
Small businesses may run into legal problems from time to time. They may need help with their startup filings, as well as need advice after they are off the ground and help preparing contracts. However, their needs may not be so frequent to justify a huge retainer fee. There are often options for small businesses that anticipate needed legal services in the near future.
- Why Testimony of an Expert Witness Aids in Business Transactions between Companies
Business transactions between companies are often complicated due to the amount of information that must be passed back and forth between them. There are certain associates that must coordinate the data and facilitate the transfer.
- Breach of Duty by an Agency and Resolution
Agencies often owe a duty of care to clients or customers, and there is usually some form of contract drafted and signed between businesses in this manner. The duty may be to ensure no danger occurs while within or on the property of the entity, it may be duty of care to prevent injury or another duty similar in scope.