Succession planning is crucial for family-owned businesses. It ensures continuity, stability and growth when key leaders retire or move on. Without a solid plan, the business risks operational disruptions and potential conflicts. A recent report from Deloitte...
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Business And Corporate Law
Differences between mergers and acquisitions
There are many ways for businesses to grow and expand. For some companies, mergers and acquisitions are the best options. These terms are often used interchangeably, but they hold distinct meanings with significant implications for the companies involved....
Certain mergers may now be subject to heightened federal review
Mergers and acquisitions are common in the business world. Particularly in rapidly developing sectors, like technology, startups with cutting-edge concepts often merge with bigger, existing businesses. Other times, power players in an industry acquire companies that...
Legal action following a confidentiality breach
As a business owner, you've likely taken steps to protect your company's sensitive information, trade secrets and intellectual property by implementing confidentiality agreements. These legal documents are designed to create a trusted environment where employees and...
3 times a business could take action over unfair competition
For the most part, businesses have no control over what their competitors do. They need to be ready to adapt in an instant to innovations in their industry or to a competitor becoming incredibly popular due to a social media marketing campaign. The requirement to...
Holding a contractor or vendor responsible for nonperformance
Businesses often rely on outside parties for elements key to the organization's success. They may hire a contractor to provide payroll services or contract with a vendor to provide materials for manufacturing. It can take many days of negotiation to arrive at a deal,...
3 means of preventing employment conflict from harming your brand
Your reputation as a business is crucial to your success. Consumers choose who they hire or purchase from based in part on their perception of the companies offering certain services or products. You also need to maintain a positive image as an employer if you hope to...
2 reasons you may want to change your business type
One of the most important early decisions you make when starting a business relates to the form of the business or its legal type. There are numerous different business entities, from nonprofit corporations to sole proprietorships. Each offers certain benefits to...
What do business owners need to know about EPA regulations and compliance?
The Environmental Protection Agency (EPA) develops and enforces environmental regulations. Business owners are likely familiar with some of the more common regulations, like the Clean Air Act, Clean Water Act, and Endangered Species Act. Other examples include the...
Can vague language hurt a business contract?
Whether at the drafting stage, reviewing a document before signing it or facing courtroom litigation regarding a breach, the strength of a contract is crucial. Many businesses understand that a contract forms the backbone of any vendor relationship, employee agreement...