A business partnership is a commitment between two or more people to work together toward a common goal. Much like a marriage, both parties thrive on communication, loyalty and consensus. Sometimes, partners disagree on important decisions and they can't find a way to...
The gig economy keeps growing, which means businesses face new challenges as rules change. These regulations aim to give gig workers more protection, but they also force companies to change how they operate. To keep things running smoothly and stay profitable,...
Environmental, social, and governance (ESG) factors have a big impact on how new businesses start. Companies must consider ESG elements as they form new entities and create plans to meet rules and provide what customers expect. Environmental factors New businesses...
Businesses need to focus on data security to protect important information and avoid expensive breaches. Good strategies can lower risk and keep customer trust. Train employees on data safety Employee mistakes can cause data breaches. Training employees on phishing...
Recent updates in intellectual property (IP) laws are designed to protect creativity in today's business world. While these changes benefit many, they can also pose challenges for small businesses trying to keep up with the new regulations. Knowing how to navigate...
Remote work is becoming more common, so businesses need to think carefully when creating contracts for these setups. A well-written contract makes sure both the employer and employee understand their rights and duties, reducing the chance of disagreements. Defining...
In today’s digital world, businesses face new challenges to protect their important trade secrets. Understanding how to protect trade secrets is important for maintaining a competitive edge. Implement strong cybersecurity measures Businesses must invest in...
A non-compete clause restricts employees from working with competitors or starting a similar business for a specific period and within a defined geographic area after leaving your company. It's important to understand non-compete clauses and their potential impact on...
Running a business as a sole proprietorship can be straightforward, but it may not offer the protections and benefits you need as you grow. Transitioning to a Limited Liability Company (LLC) can provide personal liability protection and a more flexible management...
Dissolving a business partnership involves several steps. In New York State, an individual must meet specific legal requirements. It is important to carefully navigate through these regulations to ensure a smooth transition. Understanding the agreement The first step...
