The Eight Biggest Areas of Business Vulnerability – Conclusion
First and foremost, I wish you success in business. I founded this firm because I believe that “Businesses can succeed and change lives if they just avoid the stupid mistakes.” I hope that this blog series gave you bit of insight into the legal matters that you need...
The Eight Biggest Areas of Business Vulnerability – Regulatory and Tax Compliance
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?”...
The Eight Biggest Areas of Business Vulnerability – Real, Personal and Intellectual Property
Businesses deal in three types of property. Real property involves contracts, leases, deeds and is generally document driven and is very formal. In contrast to this, personal property, which can be everything from staplers to semi-trucks (as long as they are not...
The Eight Biggest Areas of Business Vulnerability – Policies and Procedures
Preparing policies and procedures can be some of the most tedious work. Because of this, they are frequently put off. In all areas ranging from human resources to operations to safety they can be incredibly helpful in protecting a company from suits, but ultimately,...
The Eight Biggest Areas of Business Vulnerability – Insurance
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...
The Eight Biggest Areas of Business Vulnerability – Human Resources
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,...
The Eight Biggest Areas of Business Vulnerability – Contracts
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...
The Eight Biggest Areas of Business Vulnerability – Claims and Suits
In the next section of our nine-part series about the biggest business vulnerabilities, we dive into Claims and Suits (For and Against). Nearly every business is going to have disputed claims against other companies or individuals. These can range from simple contract...
The Eight Biggest Areas of Business Vulnerability – Corporate Governance
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...
