As you prepare to dive into your goal and budget planning for 2024, remember that legal planning isn't just a sideline item on your to-do list – it's a strategic cornerstone for your business's success. In a world where entrepreneurship moves at lightning speed, failing to plan can indeed be planning to fail. So, as you chart your course for the year ahead, make sure legal planning is firmly integrated into your annual strategy. It's not just about avoiding problems; it's about proactively seizing opportunities, aligning with your goals, ensuring compliance, and securing your business's long-term sustainability. Embrace legal planning as a key ingredient for your business's growth and protection in 2024.
The WA CARES Act makes long-term care accessible to all workers in Washington State. The program is funded through payroll taxes collected by the state. Participation in the program is mandatory for Washington workers unless they applied for an exemption by November 1, 2021. The plan benefits are anticipated to be available to workers in July 2026 and will cover long-term care services such as professional care, equipment, home safety evaluations, and compensation for family members who provide care.
What would happen if you lost the assets you rely on to make your business work? You have invested a lot in your business’s physical assets. These assets are often the tools of the business necessary to deliver your goods and services such as your facilities, equipment, and data. Does your business fully protect its physical assets with a proper legal infrastructure?
The Long-Term Care Act, passed in May of 2019, mandates a new uncapped 0.58% payroll tax on employee wages. The tax will create a Long-Term Care Trust Fund to fund the Long-Term Services and Support Trust Program. The program will help supplement long-term care costs, such as assisted living expenses. While the program’s specifics are... View Article
As the pandemic and related lockdown took hold in March of 2020, companies immediately began to look for ways to protect their businesses from the damage. Insurance coverage, of course, was a first thought – but in most cases, insurance didn’t deliver. Many companies were stuck with no revenue; other companies were stuck because their... View Article
The Seattle area is experiencing unusual amounts of snow which has caused businesses to lose money. They either can’t open their doors to serve clients because employees are unable to get to work, or a loss of power, or their clients have canceled events, appointments or projects. In each of these cases, the businesses have... View Article
Regardless of how careful we are, conflicts arise in business. Conflicts among owners, among employees, and with vendors and customers are common. Generally speaking, we try to resolve these conflicts quickly with minimal risk and cost but sometimes they spiral out of control. As a business owner, it’s essential that you know what tools are... View Article
Guest post by Anthony Hargreaves, MBT, CISA, CRISC Small Business providers rely heavily on the most current and innovative methods of communicating and receiving vital business information to their customers, to and from their vendors and across operations. Advertising campaigns often use the latest social media platforms to promote discount codes and payment methods as... View Article
When a business is confronted with an employee who is involved in a car accident, a professional liability or other claim, it is important to have proper insurance coverage in place. But what types of insurance should a small business consider in anticipation of potential claims? This post provides a brief overview of potential insurance... View Article
