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3 things to keep in mind when creating a risk management plan

On behalf of Arnett Law Group, LLC on Tuesday, January 22, 2019.

It is no easy task to be a business owner in the Chicago area. Workplace accidents, terminations, employee misclassification, and client, vendor and customer disputes are just some of the many business challenges that can make or break an organization's success. Some matters are not easy to resolve; others may seem frivolous. A good risk management plan can help you minimize the impact they have on your company’s reputation, operations and bottom line. 

Not every company that encounters litigation issues can rise above them. Here are some things to keep in mind when creating your business risk management plan. 

The risks and rewards of making your next hire a remote employee

On behalf of Arnett Law Group, LLC on Saturday, November 3, 2018.

It’s a great problem to have. The business is growing, the current staff is at their maximum workload, and it is time to start looking at hiring more people.

The problem is that adding more people to the payroll can get expensive. There are the obvious salary and benefits costs, but then you also need to consider where they will sit and what equipment you will have to purchase so that they can do their work.

Handling contract disputes in your business

On behalf of Arnett Law Group, LLC on Friday, August 17, 2018.

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

On behalf of Arnett Law Group, LLC posted in blog on Friday, April 27, 2018.

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

On behalf of Arnett Law Group, LLC posted in blog on Thursday, February 1, 2018.

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?

On behalf of Arnett Law Group, LLC posted in business law on Tuesday, December 12, 2017.

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

On behalf of Arnett Law Group, LLC posted in blog on Tuesday, August 8, 2017.

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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