The Blog For Business Law

— By Brian RogersJune 25, 20130 Comments

A Baker’s Dozen of Things Businesses Should Know About Business Law

1. If you click “I agree” to a website’s terms and conditions, the terms and conditions are likely enforceable against you. 2. If a worker invents something in the course of the worker’s employment, the right to patent that invention does not automatically belong to…

Business Law

— By Jim BorchersJune 13, 20130 Comments

Saving Expensive Legal “Check-Ups”

Are you tired of being told to get check-ups? If you’re a corporation you need an annual check-up with your attorney for those annual meeting minutes. Remember an empty minute book may terminate your limited liability (i.e. you become personally liable for your corporation’s debts…

Buying and Selling a Business

— By Brian RogersMay 21, 20130 Comments

Issues Unique to the Sale of a Sole Proprietorship

Most businesses are held and operated by an entity that is created under state law by filing a document with the secretary of state, and which is treated under state law as a legal person separate from its owner(s). Thus, when the business is sold,…

— By Brian RogersMay 9, 20132 Comments

Anti-Assignment and Change of Control Contract Provisions in the Sale of a Business

A company’s key contracts represent a valuable business asset. Thus, it’s crucial that the contracts remain in force as a business changes hands from the seller to the buyer when the business is sold. Asset Sales and Equity Sales Although deal lawyers generally describe their…

— By Brian RogersMay 1, 20132 Comments

Resource of the Week: Feedly

It’s official. Feedly is awesome. I’ve experimented with various RSS aggregators on occasion, but since I stumbled upon Google Reader several years ago, nothing has come along to convince me to change. It’s not that Google Reader has a great user interface or fun bells…

— By Amy LangeMarch 20, 20130 Comments

So, By Renting I Am Insulated From Environmental Problems, Right?

So you have been following previous posts about environmental liability associated with real estate and because you are a renter, you have ignored it all because you don’t own it. Come on, be honest, you think you don’t have any problems right? Well, you might…

— By Jim BorchersJanuary 28, 20132 Comments

Buying Your First Building

You’ve decided to buy instead of rent. You found a building you couldn’t refuse in today’s market. Now you can stop paying the landlord and generate some equity. But who should own it? It sounded simple when you decided to buy, but suddenly there are…

— By Jim BorchersJanuary 22, 20133 Comments

Do LLC’s Have “Corporate Formalities”?

You just formed a new LLC and your attorney says, “We recommend an annual retainer; and for this retainer we serve as your registered agent and assure that you meet the necessary ‘company formalities.'” Before you write that check allow us to give you a…

— By Jim BorchersJanuary 8, 20131 Comment

Voting by Email – A Risky Proposition For Non-Profits

Email can save us from meetings, round robin telephone calls, faxes and conference calls. It’s especially time saving when we want to avoid the traditional meeting for something that seems so simple or mundane. We avoid getting in the car driving to a meeting just…

— By Jim BorchersDecember 6, 20120 Comments

Leases: Limiting Your Risk & Understanding Your Personal Guarantee

Have you ever read your lease? Of course you read the parts about paying rent, the term and your option to renew. But you probably sped by the indemnification and insurance provisions. You ran it all by your insurance agent and she “took care of…