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Succession planning is one of the most critical decisions a business owner can make for their company’s future. Having a mindful and well-thought-out succession plan can help ensure your business stays in good hands no matter what happens. Not only does it ensure that...
When many people talk about age discrimination, they are really referring to discrimination against older workers. For example, maybe someone who is in their 50s keeps trying to get an office job but is never really considered because only recent college graduates are...
As a business owner, you decide that you would like your waitstaff to use a tip pool. Maybe you’ve had some complaints from customers that the service simply isn’t fast enough. If you allow all of your waitstaff to use a tip pool, then they don’t have to be bound to...
A business merger takes two separate, possibly competing companies and combines them into one organization. The resulting company will have more facilities and talent to manage, and there are many steps involved in combining two separate companies into one cohesive...
As an employer, you have a duty to ensure your employees are free of danger – after all, employees have the right to a safe workplace. When a fire rises at your business, metaphorically speaking, you should be there to put it out. In other words, an issue your...
When you hire new employees, you may request that they sign a non-compete agreement. The purpose of these documents is to help protect your company. The purpose of a non-compete agreement is to get the employee to agree that they will not leave your business and go...
Many people want to start a business, but not necessarily on their own. Instead, they will seek out a business partner to enter into this venture with. In some cases, this may be a spouse or a close friend, but they may also want to try to search for the ideal...
Your initially modest start-up grew organically by leaps and bounds. Soon, it attracted the attention of some heavy hitters in your industry. It’s now apparent that your company is the target of a larger corporation seeking a deal to acquire it. But what if you don’t...
Sexual harassment is traumatic, and the effects may be worse when committed in the work environment. In addition to resulting in physical and emotional issues, it may affect your career for a long time, leading to financial problems. It is unlawful to make unwanted...
Choosing the correct business entity is one of the key decisions to make when starting a business. Many people choose a sole proprietorship because it is easier and cheaper to set up than the alternatives. However, are good reasons many choose other ways to register a...