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“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...
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....
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...
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....
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...
When you hire workers and try to treat them fairly, it can come as a shock to find yourself at the end of a complaint or lawsuit. Employee lawsuits are common, yet many could easily be avoided. There are two things to remember when dealing with employees. First, you...
There are many businesses out that need someone to step in and take over their leadership, and they're up for sale. You also have another option: Starting your own company and building it from the ground up. Which one should you choose? Each option carries with it a...
Few things are more frustrating than giving your best at work and not getting paid for it. Similarly, getting paid less than you ought for your work can be devastating. After all, everyone deserves fair compensation for their time and skills. Whether you have been in...
Employee handbooks create standards and expectations between companies and their employees. They may also create a contract that controls how employees may be disciplined or fired. Plus, they’re a handy method for disseminating information that you’re legally required...
Mergers require a lot of planning and investment. When two companies become one, there may be a need to move people from one facility to another or everyone to a completely new space. The company may need to refine some of its practices, eliminate some departments and...