Good record keeping is not only important to help you monitor your business' details and progress, but it is also essential to protect you and your business from penalties, fines, and other legal actions. Read here to know some of the records your business may be legally required to keep. Consult with us if you have questions or if you need help navigating the maze of record-keeping requirements under local, state, or federal law.
Proactive steps to guard against cyber attacks are not only important to protect your business’s financial welfare, but they are also necessary to avoid liability under data privacy laws. It is important for you to take steps to protect your business’s data, reputation, and customer and employee information. Read here some of the most important actions for small businesses to consider.
When starting a new business it is important to plan for the future while taking care of the present state of the business. You may not think a non-compete clause is necessary for your LLC but it can protect your company in many situations. Read here the importance of a non-compete clause.
Intellectual property (IP) gives your company most of its value, which is often underestimated by business owners. Protecting your IP assets should be top priority so that your business is not at risk. There are a lot of assumptions made about IP, which can cause your business problems if not taken care of the right way. Check out these myths and make sure you are not following them.
If you want to help pay for your adult child's college tuition, you can do so and deduct it as a business expense. It will continue to be harder to pay for college with costs guaranteed to rise over time, but you may find a little relief after discovering how to properly maximize your tax benefits and help your children or grandchildren at the same time. Here's some information to get you started, along with a checklist to make sure your adult child is eligible.
Protecting client data is not only good practice but also a legal requirement. To make your clients feel safe and in good hands, it is your responsibility to keep every piece of information, from names and addresses to Social Security, secure in every way. It can be easy to think you are protected just through your computer security system, but read these tips to find out the many other steps you should consider taking in order to protect your sensitive client data.
People often assume a Will is everything they'll need to take care of their business when something bad happens to them, but that can actually cause more problems and cost for their family than necessary. To ensure your business is passed on to your family exactly the way you want, you need to have a comprehensive plan that takes your life and business into account. Now check out these 4 key elements every business owner must have in their plan.
You might think confidentiality in an investigation would be critical to respecting the privacy of those being investigated, but that's not necessarily the case in workplace investigations. In many states, employees have the right to discuss workplace investigations and employers can't make blanket rules restricting that right. There is some confidentiality when needed under certain circumstances and for certain workers, but not always. See what we've learned from the most recent ruling.