Scamming, phishing, pharming, vishing -- people in the business world are well aware that hackers and other fraudsters have developed a myriad of schemes designed to obtain sensitive personal information and money. Every year, these schemes cause businesses to suffer significant financial losses. The FBI estimates that in 2020 business email...
With the mergers and acquisitions market as hot as it’s ever been, many owners of mid-size companies are considering selling their most valuable asset – the company that they’ve spent years building from scratch. However, there are a few mistakes that I frequently see made by owners selling their companies. #1: Failing to Prepare for the...
The “Great Resignation.” The “Great Migration.” No matter what you call it, the current employment market is placing incredible stress on businesses, many of which are struggling to find enough employees to simply cover shifts. Pay increases and higher recruiting costs, consequently, continue to rise. On top of these challenges, inflation and...
Intellectual Property (or “IP”) is commonly defined as a group of legal rights that provide protection over things people and businesses create or invent. It might sound straightforward, but there is a lot of confusion over what can actually be protected and what cannot. Who needs to be concerned with IP Protection? We’ve all heard the phrase,...
After the last two years, dealing with bankruptcy issues is probably the lowest priority on any business owner’s mind. Perhaps you have been able to survive the unprecedented market trends and uncertainty, and now times look to be stabilizing. Having a basic understanding of what’s been called “Sub 5” or “Subchapter V” can help you navigate any...
Many people dream of one day starting their own business, the attraction of doing so being unique to the individual. For some, the notion of being their own boss is sufficient to cause them to start looking at prospective office spaces. For others convinced by visions of the business quickly becoming wildly successful, the claim to a...
In business, many situations require you to share sensitive and confidential information with another individual or company. To ensure the other party respects the confidentiality of this information, a non-disclosure agreement, or NDA, is often used. But when is the right time to utilize an NDA? And why should you consider them as part of your...
The mergers and acquisitions market continues to be hot. While it was initially unclear how the pandemic would affect it, the M&A market has proven to be highly adaptable and has recovered nicely. Historically low borrowing costs mean motivated buyers, and while it continues to be a seller’s market, smart business owners are those that are...
On Tuesday, November 16, 2021, litigation pending in several federal circuits regarding the federal vaccine/testing mandate described below was consolidated in the U.S. Court of Appeals for the Sixth Circuit. Below, we summarize the mandate, discuss the various court developments, and provide guidance as to steps employers could take while the...
The Consumer Price Index (or CPI) is a set of indexes generated by the Bureau of Labor Statistics (BLS) that measures “the prices paid by urban consumers for a representative basket of goods and services.” Historically, CPI has been used in commercial real estate leases and ground leases “escalation clauses” or “index clauses” in an attempt to...
