Today’s letter goes out to all the lawyers out their trying to open up their very own firm. Opening your own law firm can be tricky, but after years of law school, almost anything seems possible in comparison.
If you’re looking to go down a legal path, check out the basics you need to set up your own firm: Continue reading
Lisa Garrison, Attorney, Smith Moore Leatherwood
At the firm of Smith Moore Leatherwood LLP, Lisa Garrison maintains an active business litigation practice advising and representing clients in anything from claim appeals to multiple jury trials, but she also has an active presence with companies that have socially beneficial missions. Lisa serves as the founder of the firm’s “Benefit Corporation Team” or the “B Team” which focuses on exploring and serving the legal needs of aspiring or existing “benefit” or “B Corp” companies – for-profit businesses that seek to better the world through identified social missions and by focusing on sustainability and TPL/3BL (the “triple bottom line” pillars of profits, people, and planet).
Today, we’re discussing with Lisa how the “B Team” came to be at Smith Moore Leatherwood LLP and the assistance it provides Benefit Corporations in need, the financial advantages that come with forming a B Corp, and why every entrepreneur needs to read up on the pros and cons of Benefit Corporations before starting one up.
In these tough economic times, it’s important that you carry out all necessary procedures to safeguard your business. Money may be tight but competition is rife, so you MUST keep all cards close to your chest to protect the company’s future.
There are various ways that you can keep your business secure and no we’re not talking about putting up CCTV or an iron gate. Yes, your business should have measures for physical security but today we’re discussing ways to keep your firm financially secure and here are 6 tips brought to you by the team at Real Business Rescue.
Is there anything that television can’t teach us? Well… yeah there is plenty but let’s focus on the positives. Lawyers have been the butt of television jokes for years – the stereotype of a sleazy, underhanded fellow in a cheap suit is alive and well on the tube.
Despite their lack of ethics and, in some cases, formal training a few of their key soundbites can instill a life-long lesson in those willing to listen. And the MyCorp Social Media team is always willing to listen to TV. Continue reading
For many small business owners, understanding labor and employment law can be seriously confusing. Paying an attorney to help explain labor law specifics can be extremely expensive, thus creating another road block. Still, for all business owners, understanding labor laws is paramount. For example, it is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors. Continue reading
Lawsuits are an unwelcome guest in any household not to mention in any business; no one wants to be sued! Unfortunately, lawsuits surrounding the workplace are on the rise. Compensation issues, discrimination complaints as well as wrongful termination suits were all in abundance in 2010. For example, in 2010 wage and hour lawsuits under the Fair Labor Standards Act jumped dramatically, adding 700 more cases than in 2009 totaling 6,800 lawsuits.
Other areas contributing to an increased number of lawsuits are disability and leave of absence claims. Requests for disability accommodation as well as for a leave of absence are on a dramatic upswing. Employers are now seeing work-related injury claims stemming from physical or emotional ailments that don’t stem from the job but affect it. Denial of such claims can lead to a lawsuit under the Fair Labor Standards Act. The issue appears to be finding a balance between what legal right the employee has versus what legal right the employer has; the two rights often overlap. Continue reading
Today, a former professional QB and lawyer-turned-corporation-owner joined forces to present the ultimate in one-stop shops for small businesses looking to begin their business or entrepreneurs looking to begin a start-up- Corporation.com. Created by Deborah Sweeney, CEO of MyCorporation and Pro Football Hall of Famer turned entrepreneur Fran Tarkenton of OneMoreCustomer, Corporation.com is the destination of choice if you are looking to incorporate or form an LLC, build a website, obtain business consultation services or even just perfect your business plan.
Best of all, you don’t even have to pick and choose which of the above you will purchase. Everything listed above comes as part of the tried and true “business in a box” made so famous by MyCorporation. For the low price of $297 you can invest in one of the best deals available online, the perfect balance between a lawyer and DIY!
Have any questions or curious on whether to form an incorporation or LLC? Visit the Learning Center for all of your biggest queries answered. Need to know some of the partners with Corporation.com? They can be found here. And yes, we still link up our blog and contact information via the new site.