At some point in time, a business owner may face a lawsuit. This suit could be the result of any number of things such as an employee who alleges employment law violations like discrimination or harassment, a client who has issues with the business' products or services, or a slip and fall accident involving a member of the public.
Clickwrap agreements result when a user clicks a button or checks a box to confirm that he or she accepts the agreed upon terms. Businesses often use these contracts for those who are setting up an email account, using an online banking system or purchasing a product through the Internet.
We are pleased to announce the addition of Braden Burgess to the corporate transactions section at Stephenson Fournier. Mr. Burgess works with a wide range of businesses, from sole proprietors to multinational companies. He guides clients in corporate transactions including mergers and acquisitions, equity financings, and tax strategy and planning, as well as a wide range of contracts such as employment agreements, buy-sell agreements and master service agreements.
Savvy business owners know the importance of a well thought out business plan prior to starting their venture. One specific area to carefully plan for: tax obligations.
There are many advantages to incorporating a business. One of the most notable is the ability to protect yourself from personal liability. In theory, if the business is sued, your personal assets are protected.
Sears is a retail icon. The department store giant was one of the first in the industry and has been in business for over a century. It began as a store that operated solely on sales from catalogs and morphed to be a founder of the brick and mortar style of retail sales.
Employment contracts are often subject to the Federal Arbitration Act (FAA). This law encourages the resolution of legal issues through the use of arbitration instead of traditional litigation.
If structured wisely, a non-compete agreement can result in a strong agreement that protects business interests while also being fair to employees. A failure to carefully draft the agreement increases the risks the document will not survive a legal challenge. A case provides an example.
With the right intellectual property, entrepreneurs can flourish in their market. Since intellectual property can play such a large role in a business' success, it is wise to take steps to protect this technology. One way to achieve this goal: a patent.
When chosen wisely, the right business structure helps to provide liability protection and can offer tax advantages. Certain changes can trigger a need to reevaluate the chosen structure. One such trigger: a change in tax law.