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Join our mailing list and receive our Legal Audit Checklist.Check out our latest blog posts, webinars, and other valuable content.
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We regularly try to remind business owners and nonprofit directors that they should not do business on a
handshake. Too many problems creep up when the terms of the deal aren’t documented in writing, especially as time goes on. But a recent case involving text messages illustrates not only when a written conversation might serve as a binding contract but when the terms of that communication might also be construed as a personal guarantee by the person sending the message. The early days of entrepreneurship are all about proving your concept and turning that concept into a profitable business. Then you start thinking about growing and scaling and what that means both for you, the individual entrepreneur, and for your larger team. But eventually your thoughts will extend to the long term:
Whatever you might be envisioning, what do you need to consider to position your company for sale or investment? You may be surprised to learn that you need to spend a year or two getting your house in order before the business is ready for a potential sale. If your business has a web presence (and in the 21st century, you really should), then you probably need a privacy policy on your website. Several relatively recent laws require business websites to post a privacy policy, but these laws aren’t universal in their applicability, especially when it comes to small businesses. Complicating matters, this area of the law is developing and changing rapidly.
According to a recent survey, customers are not only starting to care about their online privacy, but they are also willing to take action to protect their privacy, even going so far as to switch businesses or service providers because of their privacy policies. This means your customers are increasingly likely to want to know what data they are giving up when they interact with your business and what your business is doing with all that data in the first place. In this post, we’ll talk about the legal requirements for your website privacy policy: What should be included in your privacy policy? What are some best practices for keeping your privacy policy up to date? ![]() Being an entrepreneur is probably the hardest job in the world. We have a passion about something that we want to share, something that we think will make a difference. But so often, we're either going it alone or with a very small team. As a result, we have to wear all of the hats: Chief Marketing Officer, Sales Rep, Widget Maker, Service Provider, Guest Relations, Financial Officer, HR Department, CEO, and janitor. And if that's not enough, there's still life outside of the business! Many of us are still spouses, parents, caretakers, community members, hobbyists... So what happens when life happens AND you have a business to run? ![]() Is your business or non-profit structured properly? Is it built on a solid foundation? These seem like simple enough questions. You set up your business or non-profit, and as far as you know, things are going smoothly (or at least as smoothly as they can be in the world of entrepreneurship). But what problems might be lurking just beneath the surface? There are certain things we look for when talking to a new client to make sure the business or non-profit at least has a basic foundation in place. Without this foundation, none of the other legal work we do will matter. The Checklist:
7/26/2016 5 Legal Tips for Every Business![]() As a business attorney, I talk to all kinds of entrepreneurs about both their passions and their struggles. Going out on your own to pursue your passion is scary stuff. (Spoiler alert: The fear never goes away; you just get better at working through it.) So here are five legal tips that that will help every entrepreneur spend more time pursuing their passion and less time worrying. 1. Surround yourself with the right people. I tell every prospective client that a business owner must have a relationship with certain key advisors: your business banker, your accountant, and your business attorney. But you should also surround yourself with like-minded people who have achieved what you’re trying to achieve—other business owners that you respect and trust. These are the people you will most likely turn to for advice and referrals. |
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1/11/2023
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