Employment termination can be daunting for employers and employees. According to the Bureau of Labor Statistics, about 1.5 million Americans are terminated or laid off each month. Terminations can be a significant and costly legal trap for companies. Fortunately, Companies…
Restrictive covenants are clauses in contracts that limit what the parties can do. If you’re a business owner, an employee, or simply someone interested in the complex world of contracts, it’s a good idea to know how these clauses work.…
Properly reviewing a contract can save you a lot of money and frustration. So why do businesses and consumers treat contract review as an afterthought? Many do not understand the importance of reviewing business contracts. They believe that a simple…
So, a trending news story is the dispute between MrBeast and the ghost kitchen he used for MrBeast Burger. For those not in the know, MrBeast partnered with a company called “Virtual Dining Concepts” to operate pop-up burger restaurants under…
Have you ever thought about teaming up with another company for a project? If so, you’re not alone. Joint ventures (JV) have become increasingly popular as businesses seek new growth and expansion opportunities. A JV is a strategic alliance between…
After coming up with a business idea, creating an LLC is often the next step to starting a business. But many new business owners are worried that forming an LLC will take too long. How long does it take to…
As I have touched on before, choosing an entity can be a tough decision for a business owner. While many business owners prefer an LLC’s simplicity, some may wonder if there’s a way to get the benefits of both a…
