Non-compete agreements are a key tool used by many small businesses to protect their interests and investments.  The Federal Trade Commission (FTC) is in the process of implementing a rule that would ban all non-compete contracts between employers and employees nationwide.

Before you can expand your business into another state, you must ensure your business is authorized to conduct business in that state, since most states require corporations and limited liability companies from other states (often referred to as “foreign” corporation/limited liability companies) to register before conducting business within the state.

Not paying a few dollars of overtime can end up costing your business thousands of dollars. As such, it is very important for you and your business to understand the Fair Labor Standards Act (“FLSA”) and who is and who is not entitled to overtime pay.

Franchising is an efficient and cost-effective way to build your business.  At its core, franchising is selling the use of your brand to someone else.  There are two key components that create value for your potential franchisee; a recognized brand and a business model that can be easily replicated. Here are the key initial steps you need to take if you are considering growing your business through franchising.

Entering into a lease is a huge step for any business, as it provides great opportunity to grow your business.  However, lease agreements are a long-term commitment and can cost you and your business a significant amount of money.  Understanding the financial...

Each business transaction is unique. The parties, the circumstances, the industry: all combine to create a unique set of circumstances for the transaction. And, the contract signed by the parties should be tailored to the specifics of the transaction. However, there...

When starting a new business there are many things to take care of and decisions to make. One of the most important decisions, but sometimes overlooked, is which type of business entity to use for your business. The two most common business entities are corporations...

The sale of a business can be a mutually gratifying experience for all parties. A buyer has the opportunity to grow their current business or start a new venture without the need to build everything from scratch, and the seller has the opportunity to cash-out on the...

A common misconception many small business owners have is that if an employee is paid a salary (instead of by the hour), the business does not have to pay the employee overtime. This is a critical mistake that can get you and your business into significant trouble. ...

Typically, small businesses deal with legal problems as they arise, rather than working to avoid them in the first place. And when a legal matters arises, the business is forced to seek out attorneys who are unaware of the unique nuances and circumstances of the...

If you find yourself and your business facing a legal dispute of any kind, you will want to have it resolved as quickly and as positive as possible.  There are different ways a dispute can be resolved. The first one that comes to mind is litigation (bringing a lawsuit...

The value of your business comes from a variety of sources: inventory, trademarks, equipment, trade secrets, customer lists, and goodwill.  Protecting these assets is critical to the long-term success of your business. One of the best ways of ensuring this protection is via a non-compete agreement.