POSTS TAGGED : business legal

Tips for Helping Your In-House Legal Team Tackle Major Assignments

The legal team at a company is a unique group of professionals responsible for helping the company navigate through any legal matters. They play an integral role in the success of their organization, but that doesn’t mean they’re invincible.

In-house legal team

In-house counsels often find themselves tasked with handling significant assignments that require more time than they have. Managing these projects can be tricky, but there are some strategies you can use to help your team tackle these challenges.

Here are tips for helping the in-house legal team tackle major assignments.

1. Listen to Your Counsel

In-house legal teams are a vital resource, and a forward-thinking manager will learn how to get the most out of their experience.…

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Legal Considerations for Your Family-Owned Business

According to CPApowered.org, as much as 70% of family-owned businesses will not survive a transition to the next generation (SOURCE IN MINUTE ONE OF VIDEO). Considering that small and mid-sized businesses are the backbone of the American economy, that number is quite staggering. If you are planning on getting into business, you already have a lot on your plate. Thinking about the future may not be on your mind but it should be.

Father and son in a family business

Not every business owner has to be a lawyer, but you are expected to have a basic understanding of laws and how they may affect your business.…

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Covering Yourself Legally as a Business Owner

When you take the plunge and become a business owner, no matter what size that business may be, there are certain aspects you leave yourself accountable for. This is what’s known as Management Liability. You might not think it, but even the more virtual, computer-based professions can be faced with an expensive court-battle, so it isn’t just the high risk professions that are open to this.

Business legal coverage

Things are bound to go wrong, and they so often will, so ensuring you’ve got the correct insurance to cover you is extremely important. Although when you begin to research these insurance options, the whole process can seem more than a little intimidating, it is often more straight forward than you think.…

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6 Steps Every SMB Owner Needs to Complete After Incorporating

Forming an LLC or Limited Liability Corporation is a great first step toward legitimizing your company and to insulate you and your family from the financial liabilities of your business.

Most small business owners quickly find out the hard way that there’s a few more steps they need to take before moving away from their days operating as a sole proprietor.

SMB owner

Here are 6 you don’t want to forget about:

1. Compliance Plan

Now that you’re an LLC, the state(s) you operate in and are registered in will expect a yearly report. This is more of a formality than something you’ll need to dread every single year, simply involving you updating your company and personal contact info for state records.…

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Surviving Legal Terms: Does Seeking Online Help Make Sense?

Law plays an important role of keeping mankind in the right. Like a bracket, it holds everything together, putting a sense of moral justice in everything we do.

legal help

Law, in fact, influences our daily life. This also holds true with business. From being obliged to follow the traffic to being obliged to honor signed business contracts, we are under a pledge which compels us to follow our indicated duties or else, we experience penalties – even lawsuits.

Signing business contracts and documents are among the seemingly simple situations but are in fact, complex. A contract may contain legal terms that the signee should fully understand before she sign it in order to enter into the agreement.…

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