The Personal Guarantee: 5 Ways Small Business Owners Can Reduce Their Liability
Small businesses make a huge contribution to the U.S. economy. Nevertheless, starting a new business is risky. Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. In an effort to lessen their […]
What Counts as “Hours Worked” Under the Fair Labor Standards Act?
If your small business has non-exempt employees covered by the Fair Labor Standards Act (FLSA), you are required to pay those employees in accordance with its minimum wage and overtime requirements for all “hours worked.” This may seem like a simple requirement, but figuring out what is considered “hours worked” may be more complicated than […]
Steps to Protect Your Small Business from Non-Paying Customers
Unfortunately, most businesses must deal with non-paying customers at least occasionally. You can safeguard the time and money you have invested in your small business by taking several steps, both to lessen the likelihood of nonpayment and to obtain the amount owed once a customer has failed to make a timely payment. Be Proactive Screen […]
What You Need to Know About Non-Compete Agreements for Your Employees
A small business that has invested substantial resources in developing a product or a customer base could be devastated if its employees then go to work for a competitor down the street or set up their own competing business. A noncompetition agreement is an important tool that could protect your business from former employees who […]
4 Reasons to Consider Changing Your Business Structure
As your small business expands and evolves, it may make sense to consider changing its structure. Many small businesses start out as sole proprietorships or partnerships, with only one or two owners and no employees. Over time, as your business grows and changes, a more complex business structure may become beneficial. There are several key […]
What is Trademark Law and Why is it Important?
Ed Enoch is the special guest on Law Call with Vic Hawk where he discusses trademark law and its importance. Check it out below: Click here to watch the full episode.
Best Business Practices
Legally Terminating Employees
Most small business owners will occasionally have to face the unpleasant task of firing an employee. Small businesses, in particular, rely heavily on each employee. An underperforming employee may not only lower the morale of other employees who have to pick up the slack, but may also jeopardize the success of the business. When an […]
Scuttlebiz: Auto auction giant sets sights on Augusta
“It is really quite a very uspcale, very nice facility,” Copart’s Augusta attorney Ed Enoch told the planning commission during its the June 3 meeting. “If you’ve seen pictures of what it looks like now, this would be a drastic improvement.” READ THE FULL ARTICLE HERE.
When to Cash in on Your Business
