by Davis Business Law | Feb 28, 2023 | Blog, Business Agreements, Business Contracts, Business Law
In Kansas, verbal agreements are generally enforceable, but that rule has some limitations and exceptions. Below, we explore the legal framework for verbal agreements in Kansas, the requirements for enforceability, which agreements must be in writing, and the...
by Davis Business Law | Nov 10, 2022 | Blog, Business Agreements, Business Law
A limited liability company (“LLC”) is the most popular statutory business entity in the United States. It is also the newest, with the first LLC statute enacted in Wyoming in 1977. Most other states did not catch on and establish their limited liability statutes...
by Torro | Sep 9, 2022 | Blog, Business Law, Legal Mistakes
I have a two-and-a-half-inch thick book of transportation regulations sitting on the window ledge behind my desk. I pull it out about once a week to look up something. As I do I shake my head as say, “We started with the Ten Commandments, and it has come to this?”...
by Torro | Aug 12, 2022 | Blog, Business Law, Insurance, Legally Protected Business
The three main types of insurance that companies deal with are property, workers’ compensation, and liability. Knowing how much is reasonable frequently poses significant issues for companies. Because lawyers know the “market” for damage claims, that is, how much a...
by Torro | Jul 29, 2022 | Blog, Business Contracts, Business Law, Legally Protected Business
The latest edition of the eight biggest vulnerabilities focuses on Contracts. Everyone in business deals in contract, whether they are written or oral. In fact, some can even be implied at law. As your business becomes more sophisticated it becomes increasingly...
by Torro | Jul 15, 2022 | Blog, Business Law, Corporate Governance, Legal Mistakes, Legally Protected Business
As we dive into the first part of our nine-part series about the biggest business vulnerabilities, we start with corporate governance. This area of your business is full of pitfalls that are outside of your usual wheelhouse. On one hand, we have the ownership...
