There are a host of reasons (good and bad) that cause business owners to close up shop. We see plenty of both here at our firm, and either way, it’s important to diligently wind down a business before moving on. Here are five steps to take: Reach consensus. If you’re a sole proprietor
An extraordinary number of laws, rules, and regulations govern businesses and their employees. A small business, however, may be exempt from one or more of them depending on its number of employees. For example: Discrimination Laws. Small businesses may be
An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC – after all – why make an agreement with yourself?
A trade secret is a piece of information which is confidential, can be legally protected, and gives your company a competitive edge. Many of the most famous examples involve recipes: the Coca Cola formula, McDonald’s Big Mac “secret sauce”, or the Mrs. Field’s chocolate chip cookie re