Write Strong, Binding International Business Contracts
Is your business entering into a contract with a foreign entity? If so, you should be aware of certain legal terms that may be included — or are necessary to have — in the contract. These terms are important so you will not have difficulty pursuing or defending against potential claims with foreign entities. Contracts…
The Benefits of Philanthropy
If you own a family business, there’s a good chance the company and your family are an integral part of the community. And that means public relations aren’t just part of the job — they’re fundamental to your company’s success. As a result, volunteering or donating to local organizations can benefit not only the community but…
Building Your Legacy
The desire to leave a legacy may be the height of altruism for it’s a gift to the future, the benefit of which you may never witness, nor ever feel it’s appreciation by others. Creating your legacy does not happen overnight, and it doesn’t come without a strategy and hard work. Create Your Vision You should…
Giving Information Can Lead to Lawsuits
Legal hassles can arise when you give references for former employees. These former employees might turn around and sue your organization for defamation. Here’s a quick review of the ins and outs of giving references for former employees. First the facts: Defamation involves communicating false information. Defamation with malice involves communicating information — even true information when…
Keep Your Gear in Top-Notch Condition and Save Money
If your company has contracts for maintaining and servicing your equipment and vehicles, chances are, you’re spending more than you need to. A sure-fire way to save money is to hire your staff to do the work for you. Not only will in-house maintenance cut costs, it’s more convenient and boosts efficiency. For example, your business…
How a Budget Can Contribute to Your Success
One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it’s not in the budget. However, if you’re calling the shots, you can blow your budget as much as you want on the spending side. And there are times when it’s essential…
Classification of Workers: Could Section 530 Come to the Rescue?
The IRS and employers often are at loggerheads over the classification of workers as employees or independent contractors. Typically, many employers want to to treat workers as independent contractors, while the IRS often determines that workers are misclassified employees. Sometimes, the issue winds up in the courts. Fortunately, there might be a way for employers…