How small businesses and entrepreneurs can affordably and effectively implement the benefits of legal infrastructure (entity structure, insurance, and contracts) for both a preventative and proactive strategic advantage for growth.
While your competitors may have ownership issues bogging down their decision making, you will be able to grow together -- or to separate -- with confidence. Learn how to leverage the legal infrastructure tools – the Shareholder Agreement or Operating Agreement, key insurance policies, and a limited liability entity structure, to create strong relationships among owners and ensure the individual owners are protected from the activities of the company and from one another.
While business owners are well-acquainted with the concept of risk, that term has likely taken on a whole new meaning in light of the coronavirus pandemic. Even the most risk-averse business owners likely did not see this massive global crisis coming, and certainly did not anticipate the rapid and overwhelming impact it would have on... View Article
We all want to close deals quickly, without strife, and with financial flexibility. However, if professional relationships are just casual, you may lose that opportunity to improve cash flow and profitability. Don’t fear the best tool in your belt: Contracts. For businesses, formalized contracts are the most important tool to secure revenue and protect assets.... View Article
For many companies, a commercial lease is one of the most critical and high-value contracts into which they’ll ever enter. While the average commercial lease term is between 3 to 5 years, these leases can run up to 10 years, plus extension periods. Unlike most other contracts that a business might sign, a commercial lease... View Article
Contract management is at the heart of effectively building relationships with partners; ensuring compliance with local, state, and federal laws; anticipating and eliminating potential deal delays; and increasing profitability. Not surprisingly, the importance of effective contract management cannot be overstated. And yet, it’s a process that’s paid little attention to until an issue arises. In... View Article
There is no doubt that data privacy is a hot topic in boardrooms and courtrooms across the U.S. and globally. With the privacy landscape evolving quickly and heavily publicized breaches, many businesses now see that the collection and processing of personal data are more closely governed. However, with so much attention being directed to regulatory... View Article
When businesses are caught up in the busy day-to-day of bringing sales in the door and getting client work performed, the specifics of contracts and agreements can get lost by the wayside. However, paying greater attention to the processing of contracts, as well as their substance, can prove to be a revenue generator. Join us... View Article
Those of us old enough to remember our very first Star Wars figure, were too young when they first arrived in stores to realize (or, care, really) what it took for them to become and remain a reality for the next 40 years, earning over $14 billion in revenue. Primarily due to George Lucas’ desire... View Article