3 Steps That Must Be on Your Employee Hiring Checklist
As a small business owner with employees, the importance of having a hiring process in place cannot be overstated. Although every hiring process is slightly different, your company should be sure that your hiring process includes the following steps, and that each part of the process complies with relevant laws: Interviewing Period Interviewing prospective employees […]
Bernard A. Williams Elected President of The Business Center Board
The board of directors of The Business Center for Entrepreneurship and Social Enterprise, a 19-year old nonprofit organization, elected Company Counsel Managing Partner Bernard A. Williams, Esq., as board president. Bernard has been a member of The Business Center board since 2016. He regularly speaks publicly on a variety of topics including entrepreneurship, small business […]
5 Things to Know Before Your Attorney Consultation
Before you meet with your attorney to discuss legal and business strategies for your startup, do your homework so that you can maximize the value you gain from the consultation. Here are five concepts you should be familiar with and tasks you should complete before you meet with your attorney: Write a Strong Business Plan Your business […]
Call Your Lawyer Before Buying a Business
Buying a business requires numerous legal considerations. It is all too common for a buyer to see the perfect opportunity with an asking price that seems reasonable given the market, location, revenue, and rent. You can run the numbers, do some due diligence, and verify that it is a profitable business. But are you familiar with the wide variety […]
Why Your Startup Needs the Right Attorney
So you’re an entrepreneur who is planning to open your own restaurant. You have years of professional experience as a chef at several upscale restaurants, and the talent, skills, and drive to succeed in the highly competitive restaurant business. However, you have never owned a business before. What is your biggest hurdle? Getting up to speed on the numerous tasks involved […]
4 Ways to Increase Value When Selling Your Business
Working with an experienced lawyer and business broker can make a major difference when it comes to getting the most value for selling your business. Take the example of Holly Hunter, a successful financial planner in Portsmouth, NH. Her small business employed a few people and pulled in about $700,000 per year in revenue. As Holly got older, she […]
7 Ways to Prevent Retaliation Claims Against Your Company
Retaliatory cases have been on the rise. Recent legislation has made it easier to file a retaliation case and has widened the scope of the damages available. How can you prevent retaliation claims against your business from current and former employees? And what actually constitutes a retaliatory claim? Your employee establishes that he or she was […]
How to Choose The Right Legal Entity For Your Startup
You’ve formed a new startup, but now what? What kind legal entity should you choose? What kind of entity do angel investors and venture capitalists prefer? If you don’t know, you aren’t ready to incorporate. Before you get your startup off the ground, it is important that you familiarize yourself with the different organizational and legal […]
A Social Media Guide For Employers
The law is constantly evolving when it comes to employer-employee social media interactions. Do companies have any rights over what current or former employees broadcast over the Internet? How far can (and should) you go to prevent negative comments or misrepresentations? There are a few things you should know when considering which aspects of social media actions […]
Why Is Due Diligence Important When Acquiring A Business?
Conducting proper due diligence is incredibly important before you acquire a business. There are two goals that you want to achieve: Verify that the information presented by the seller is accurate Make sure that there are no hidden liabilities It all starts with the letter of intent (LOI) that all involved parties will sign. The LOI should […]