Business Consulting & Advice

Free online template contracts and agreements might seem like a quick and cost-effective solution for your business needs. However, relying on these generic documents can lead to significant legal issues. Lack of customization Generic contracts often miss important...

There are several different ways that you can communicate with employees. You may hold routine meetings and verbally set out your aims and objectives as well as rules and expectations. While many employees will take in information this way, having it in writing can be...

Contracts govern almost every aspect of business- or at least they should. However, sometimes even experienced business owners come to agreements with employees and clients that are not founded on contracts with “established terms”. Essentially, established terms mean...

Companies typically offer executives high salaries, bonuses and stock options. Companies would insist on a clawback provision in most of these compensation packages. What is it, and why is it essential in executive compensation agreements? What's a clawback provision?...

Starting a business is exciting, but it is also a legal minefield. Many entrepreneurs stumble into pitfalls that could have been easily avoided. Let's explore some common mistakes and how to steer clear of them. Mistake 1: Choosing the wrong business structure One of...

Fiduciary duty is a legal term connecting two entities, often organizations and individuals. The individual may have a fiduciary duty to act in the best interests of someone else. The other entity may be the organization itself or the shareholders in general. As such,...

All businesses sell either goods or services. The majority of companies also deal with other businesses, such as suppliers, to continue running efficiently.  Businesses have to trade fairly. A company cannot employ deceptive practices that deceive customers. The law...

Thankfully, the negative stigma around mental health issues has started to shift in recent decades. Mental health issues are something that both business owners and employees can face at times.  While new business owners don’t tend to employ an on-site counselor at...

Starting a joint venture can be an exciting step for any entrepreneur. It's a way to combine resources, expertise and networks to complete complicated initiatives. However, like any major business decision, this step comes with challenges and risks. This blog...

Starting a new business is an exciting journey, marked by milestones like registering your business, securing a location, and organizing your inventory and equipment. However, many business owners overlook important supplemental contracts that can prevent future...