Dec
20
Starting And Managing Your Business 101: Avoiding Legal Problems Through Proper Record Keeping And Organization By: Richard E. Korb[1] As a business owner, there are many necessary steps you must take to ensure the success and integrity of your business. One of these steps is proper record keeping. This can be the key to the …
Dec
20
By: Richard E. Korb [1] One of the main concerns associated with starting your own business is financing the company. The main sources of financing small business include debt financing and equity financing. Debt financing involves borrowing money from relatives, friends, or commercial lenders on the promise to repay the money with interest. In other words, …
Dec
20
By: Richard E. Korb.[1] In the formation of a business, it is important to consider the protection of your intellectual property. What is “Intellectual Property” (“IP”) ? Intellectual property (IP) is an intangible creation of the human mind, usually expressed or translated into a tangible form that is assigned certain rights of property. This term …
Dec
19
By: Richard E. Korb[1] Managing a small business requires dealing with issues related to employee rights, wages and taxation, compensations and benefits, workplace safety, and etc. Employment law is the field that regulates the relationship between a business owner and employees, including issues of wrongful termination, discrimination, wages, and workplace safety. Employee rights include: …
Dec
19
By: Richard E. Korb, Esq.[1] ©2011 There are a variety of legal issues that should be kept in mind when starting a business. A small business is usually classified as a closely held corporation, partnership, or sole proprietorship. In a closely held corporation, a few stockholders own the shares. In a partnership two or more …
Dec
19
By: Richard E Korb[1] and Jason Cheung In this day and age, business owners must be familiar with labor laws to avoid legal headaches and hefty fines and penalties. One key area of concern is wage and hour laws. In this article we will explore some of the particulars about wage and hour law that …
Dec
02
By: Richard E. Korb[1] Starting your own business? There are many important decisions that need to be made and certain rules and procedures that need to be followed in order to start a new business. One of the first and most crucial steps in the process of starting a new business is the business …
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