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Chicago Legal Issues Blog

Handling contract disputes in your business

Contracts provide those minute details that cover every possible outcome of an agreement between two parties. Contracts are legally enforceable in the eyes of the law, so upholding the expectations is very important. As a business owner, if you find yourself facing a contract dispute, it may be in your best interest to find a quick and amicable resolution to avoid hits to workplace productivity.

 

Have a plan in place in case of a work accident

You might not think that your company is a dangerous place, but first responders and attorneys know that serious accidents can happen in any workplace at any time. In the event of a crisis, preparedness can make a huge difference for your staff.

The Occupational Safety and Health Administration provides a detailed set of guidelines for creating an emergency action plan. This plan, along with training programs, can help managers and workers know how to take safe action during and after an accident.

Create the proper agreements to protect your IP

Founders of startup companies often focus more on getting their new products out ahead of the competition than on taking care of their intellectual property, an effort that should be top priority.

What safeguards should be in place to ensure the protection of your intellectual property?

What kind of structure will be best for your new business?

Founding a new business is an awesome and exciting prospect. There are many things to consider, and you want to go about setting the company up properly right from the beginning.

One of your first decisions will be structure. Will it be a sole proprietorship? An LLC? An S corporation? The form you choose for your company will serve as the cornerstone of its foundation.

Three challenges all businesses face in the modern world

Every business deals with the efforts of growing revenue and increasing profits. Most businesses have the need to hire top-quality employees, which are sometimes difficult to find, and to provide health care and other company plans.

A business owner never runs out of things to think about, and among those are the challenges related to competition, risk management and trust.

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