If you run a corporation, there are rules by which owners must abide in order to remain in compliance with territorial and federal laws. A failure to do so could result in serious issues for the corporation and its owners, who could suddenly find themselves liable for the business’s debts. Thus, it’s important to keep
Apple Case Highlights Dangers of Poaching Employees
A recent lawsuit filed against Apple by a company that makes lithium-ion batteries for electric cars may land the tech giant in hot water if, as is alleged, the company poached employees specifically to provide similar work on a project that would directly compete with the smaller firm.
A123 Systems, which has its headquarters in
Preventing Trademark Infringement Issues
For those starting new businesses, one of the most exciting processes is choosing a trademark — a slogan, logo or business name by which potential customers will be able to identify the company. It’s exciting because, in many cases, it’s the first piece of information with which most people will come into contact with the
Key Steps to Take to Protect Your Business from a Lawsuit
For business owners, the ability to continue and expand their operations is always of the utmost importance, and anything that could jeopardize it should be avoided. Especially in these litigation-happy times, the threat of a lawsuit is not something you just need to keep in the back of your mind — it should be something
Companies Face Big Data Legal Issues
The power technology has in our lives seems to be increasing with each passing year, and the capabilities of our technology are greater than ever. As technology proliferates — not just through its reach into new markets, but also through the ever-greater number of devices most people in the developed world use on a regular
Top Cyber-Security Issues for Finance and Law Firms
With the signing of an executive order on February 13, 2015, President Barack Obama encouraged companies within various industry sectors to better combat online security breaches through the formation of organizations dedicated to the sharing of information related to threats. Although some industries — including the financial sector, through its Financial Services Information Sharing
Intellectual Property Commonly Overlooked in Business Valuations
The process of business mergers and acquisitions can be time-consuming and complex, and sometimes the move needs to happen so quickly that key items are ignored, given a short shrift or are just forgotten altogether. This is often the situation with intellectual property, which can be an extremely valuable aspect of a company’s operations.
Why
Tax-Exempt Organizations: Social Welfare Groups
U.S. tax law rewards a variety of groups with tax-exempt status based on two key factors — the designated purpose of the group and the ways in which it makes and spends its money. A social welfare group, as classified under Internal Revenue Code section 501(c)(4), is a group organized solely for the promotion of
Using a Professional Corporation to Protect Owners from Liability
For many years, one of the perils of being a doctor or lawyer was having to shoulder total responsibility in the event of any sort of professional mistake, and knowing that there was broad public support behind such consequences. It used to be that such professionals were barred from forming corporations, which would provide
Tax Incentives Available in U.S. Virgin Islands
For businesses aiming to expand their reach or those interested in enjoying the benefits of operating in an environment that welcomes them, the U.S. Virgin Islands provides such a location. From an official economic development organization that works on their behalf to the numerous tax incentives they can enjoy, business owners have many reasons to