Do I need a license / permit to open my business?
That depends on what type of business you own. Many businesses do not need any special licenses or permits in order to operate their businesses. However, some businesses that engage in …
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What steps should I take to start a business?
When starting a new business, several key decisions must be made regarding the organization, financing, management, and operation of the business. First, you should do your homework – …
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Do I Need a Taxpayer Identification Number for my Business?
A taxpayer identification number (TIN) is a number used by the Internal Revenue Service (IRS) to identify people and companies. Most companies need to file with the IRS to receive an Employer …
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Zone of Insolvency - How to Conduct Business When Bankruptcy is a Looming Possibility
Corporate Boards of Directors always have complicated decisions to make. However, those decisions become incredibly more complex when the company has entered a “zone of insolvency” and is considering bankruptcy. Generally, Boards of Directors owe a fiduciary duty to the company’s shareholders. That means that they must make decisions for the company based on a …
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Wrongful Termination of Employment
In the absence of an employment contract, an American employee is an employee at will. The employee at will doctrine allows employers and employees the freedom to terminate the employment relationship for good cause or for no cause at all. However, it does not allow the employer to fire an employee for “bad” or “wrongful” cause. What is “Wrongful"? …
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