Jun 17, 2025 | LLC, Medium-sized business, Operating Agreement, Small business, Startups
Why Every LLC Needs a Written Operating Agreement
Understanding the Purpose, Key Elements, and Importance of an LLC Operating Agreement A limited liability company (LLC) is a popular business structure that combines the liability protection of a corporation with the...
May 15, 2025 | Acquisitions, Asset Purchase, Letter of Intent, Stock Acquisitions
Understanding Letters of Intent in Acquisitions In the world of corporate acquisitions, a letter of intent (LOI) serves as a foundational document that outlines the preliminary understanding between a buyer and a seller before they formally finalize the transaction....
Mar 11, 2025 | business attorney, Contract, Contract updating, Small business, Transactions
Why Companies Should Regularly Review and Update Their Template Contracts In today’s fast-paced business environment, companies rely on template contracts and standard documents to streamline operations, reduce legal costs, and ensure consistency. However, failing to...
Apr 29, 2024 | Asset Purchase, Employment, Non-compete agreements
Federal Trade Commission issues new rule banning non-compete agreements In a controversial move, the Federal Trade Commission (FTC) recently issued a final rule banning the use of non-compete agreements. These agreements, once reserved for top executives and those...
Jan 31, 2024 | Corporation, LLC, Medium-sized business, Small business
Corporate Transparency Act: New Reporting Requirement for Companies The Corporate Transparency Act (CTA) took effect January 1. The Act is aimed at promoting transparency and preventing illegal activities such as money laundering and terrorism financing through the...
Jul 6, 2023 | business attorney, Law firms, Technology
How do lawyers work with other professionals, such as accountants, consultants, and technology experts, to provide comprehensive legal advice to their clients? The following will give a short answer to that question, but read on to the end to learn an interesting...
Mar 27, 2023 | Employment, Limiting liability
Confidentiality and Non-disparagement Clauses Prohibited in Severance Agreements for Certain Categories of Employees When an employer and employee part ways, the employer may offer the departing employee a severance payment, and perhaps the extension of certain other...
Jan 10, 2023 | Agreements, Contract, Indemnification, Limiting liability, Medium-sized business, Small business
Indemnification: what it is, and why you should care In this blog post I want to discuss an important provision in many business contracts, but one that businesspeople usually skip over. This is the indemnification provision. Indemnification is a big topic, far too...
Sep 1, 2022 | business attorney
The past few years have seen significant interest in the use of alternatives to traditional litigation in settling legal disputes. These different methods, often called “alternative dispute resolution” or ADR, include mediation and arbitration. Each has advantages and...
Aug 8, 2022 | Non-disclosure agreement
It is a common practice for businesses to use non-disclosure agreements, often called NDAs, to protect their ideas and confidential information from being used by a potential customer, competitor or other outside party. Sometimes, an entrepreneur or business owner...
