It’s something to fret over for just about all employers – ensuring that no one in your workforce is stealing from under your nose. In a perfect world, you or someone else would be monitoring everyone closely 24/7. Of course, that is not realistic. You could only hire...
Will your business face challenges over a planned acquisition?
Large and powerful businesses don't always develop in a linear fashion from a single origin. Mergers and acquisitions are ways for successful businesses to become even bigger and more profitable that can drastically change the original culture or structure of the...
The right language can help avoid contract disputes
In business, you are going to have contracts that you need to sign. The problem is that many contracts are hard to understand. When you set up a contract, you want it to be as easy to understand as possible. Using legalese may be necessary in some cases, but in most,...
What is at stake in a contract dispute?
If you are in business long enough, at some point, you will encounter a contract dispute. Understanding what is at stake can help you make the right decisions about how to handle it. If someone lets you down, you might feel upset and want to react straight away. Yet...
How can you remove an employee without a comeback?
“Happy Thanksgiving and don’t bother coming back” is not the way to let an employee go. Instead of worrying about how to carve the turkey, they will spend the holiday worrying if they can afford a turkey at all. Timing is crucial when you need to sever someone’s...
Q&A: Forming and operating a nonprofit business in Florida
Why are more Fort Lauderdale, Florida, residents asking about starting a nonprofit corporation? That is a question that has been on our minds for some time. We decided to address nonprofits in today’s blog by answering some of the questions that Floridians ask....
Mergers and acquisitions are about more than numbers
The number of mergers and acquisitions in North America has risen slowly over the past decade. The Institute of Mergers, Acquisition and Alliances (IMAA) recorded 12,000 in 2009 and 15,000 in 2019. While you need to understand the math before making a move, soft...
What is the risk of a business lawsuit?
Assessing risk is a crucial part of running a company. First, you list all the threats out there. Then you take each one and work out the likelihood it could happen and the consequences if it does. Low probability, low consequence events are not your priority....
What is an S-corporation?
Choosing the correct entity type when you start your business can significantly affect its chances of success. There are pros and cons to each type, related to tax, simplicity and cost. An S-corporation is not the simplest form to use or the cheapest to set up, but it...
