Legal Mistake #6: You Fail to Make Good Policies and Operating Procedures
Preparing policies and procedures can be very tedious work. Because of this, they are frequently put off. In areas ranging from human resources to operations to safety, however, they can be incredibly helpful in protecting a company from lawsuits. Ultimately, they are...
Legal Mistake #5: Are You Unsure of Your Insurance?
The three main types of insurance that companies deal with are property, workers’ compensation, and liability insurance. Don’t Set Your Limits Too Low Knowing how much is reasonable frequently poses significant issues for companies. Because lawyers know the “market”...
Legal Mistake #4: Don’t Fall Victim To Your Employees
Given the vast swath of laws and regulations, not to mention just dealing with employees, the area of human resources poses significant issues for business owners to be wary of. Typically, the critical times that the law intersects with business is during hiring,...
Legal Mistake #3: How to Keep From Entering into Bad Contracts
Everyone in business deals in contracts, whether they are written or oral. As your business becomes more sophisticated, it becomes increasingly important that you get more of your contracts in writing. While a handshake may seem like a fine way to do business, a more...
Legal Mistake #2: Are You Losing Money in Disputed Claims and Suits?
Nearly every growing company is going to have disputed claims against other companies or individuals. These can range from simple contract disputes with customers or vendors, to companies threatening tort claims. At Davis Business Law, our business is to protect your...
Legal Mistake #1: Where Does Your Limited Liability Lie?
Protection or Legacy As business owners, we are devoted to running our businesses. However, the pitfall of being caught up in day-to-day operations is the failure to think about the out of sight, out of mind needs of your business. Legal requirements continue even...
8 Areas of Business Vulnerability – Introduction
If you are a business leader with a growing business, chances are you’ve had to deal with legal problems that have sprung up. Unfortunately, this is the way most business owners deal with legal issues — they wait until a fire starts, then scramble around in an attempt...
3 elements of a business contract
Using contracts is essential when conducting business transactions for several reasons. A well-drafted contract protects your interests and reduces the chance of a lawsuit because of a misunderstanding. A written contract, when it contains the necessary elements, is...
Five Requirements to Maintain Your Company’s Corporate Status
Five Requirements A company may choose to incorporate for a variety of reasons. Obtaining corporate status provides several benefits, including limited liability for shareholders and officers. Safeguarding personal assets is one of the primary reasons that many people...
