Category Archives: Business Law
What to Include in Your Employment Contract
As a small business owner, getting your business set up is the first milestone. Once everything is filed and approved, you are ready to hire staff. If you are hiring for a position that includes an employment contract, you may be unsure what should and should not be included. This is one of the… Read More »
Equitable versus Legal Remedies in a Breach of Contract Case
If you are a small business owner, it’s inevitable that at some point you may encounter a client or vendor who breaches a contract with you. If you are preparing to sue someone for a breach of contract, you may have an option between equitable and/or legal remedies. Legal remedies are ones that allow… Read More »
Data Breach Laws in Washington, DC
If you own a business that collects customer data, you need to familiarize yourself with the laws surrounding data breaches. A breach of data security can be confusing, especially in determining what laws govern the breach. It’s important you understand the law in any state where you do business and are aware of the… Read More »
Advantages and Disadvantages of S Corporations
Once you’ve made a decision to create a corporation for your business, there is still the choice of whether to form a C corporation or an S corporation. It’s important to look at the potential advantages and disadvantages of an S corporation before choosing this structure over a traditional corporation, or even an LLC… Read More »
What to Know about Non-Compete Agreements in Washington, DC
Non-compete agreements are typically drafted to restrict employees from taking or using any of a company’s proprietary information or existing client base with them when leave and launch their own company that directly competes with their old employer. Another potential purpose of a no-compete clause is to keep employees from going to work for… Read More »
LLCs or S Corporations: Which is Right for My Business?
If you’re starting a new business and your needs extend beyond a sole proprietorship or partnership, you might be wondering whether you should create an LLC or a corporation. And, then, to make it more complicated, there is something called an S corporation as well. You may consider exploring a new type of business… Read More »
Is an Advertisement Considered an Offer?
If you’re a new small business owner, the theory of contract law can be terrifying. If you have goods for sale, it’s important to understand how offer and acceptance works, and what role advertisements play in contract law. What is Construed as Offer and Acceptance? An offer is an indication by someone expressing their… Read More »
The Differences Between C Corporations and S Corporations
You’ve decided to set your business up as a corporation, but now you find out there are C corporations and S corporations. Do you know the differences between the two so you can decide which is right for you? It’s important to point out that every company is different based on their business goals…. Read More »
Comparing Business Organization Types: Which is Right for Your Small Business?
If you’re a small business owner starting out, it may seem overwhelming to decide how you should set up your business. There is no one option that suits every person’s situation and company. Understanding the pros and cons of the most common business organization types can help you narrow your options. Also, consider retaining… Read More »
Tax Deductions Small Businesses May be Missing Out on
Given that a large number of American businesses fall under the “small business” category, it’s conceivable that many businesses are preparing their federal income tax returns with their personal tax returns. Sole proprietorships claim income and losses from their business on their personal returns, as do any “pass-through” entities like S corporations, LLCs, or… Read More »