Do you collect, store and use client and prospect data as part of your business? If so, you must know and follow the rules to keep your business safe from an expensive, unnecessary lawsuit. Be Aware of Data Breach Data breaches involving retailers and Internet services are common these days. Naturally, litigation has followed. Breaches…
Be Prepared for Litigation In our world of electronic communication, your business needs to be prepared to handle the major risk of litigation. You could be responsible to produce records, reports, and data from your computer network and systems. As a result, electronic discovery could cost your business tens or even hundreds of thousands of…
If you are involved in a lawsuit, the thought of going to trial may be intimidating. Many people have never been in a courtroom, so they envision a large, formal room with wooden trim, an overbearing judge in a long, black robe, and a jury that appears condemning. Most lawsuits, however, never go to trial….
A recent Inc. article authored by entrepreneur Kevin Daum brought to light one of the most prevalent questions asked by business owners: “How can I avoid being sued?” Although it may seen counterintuitive at first glance, the job of a Creative Business Lawyer™ is to help clients avoid litigation, so one of the best (and…
Absolutely! What’s the Catch? Piercing the Corporate Veil: In certain situations, courts can ignore the limited liability status of a company or LLC and hold its officers, directors, and shareholders or members personally liable for its debts. When this happens, it is called piercing the corporate veil. Unfortunately, many people get bad advice. Too often, we receive calls from…
It’s been said that into every life a little rain must fall, and for small business owners, that shower (or storm) can come in the form of a customer or client’s bankruptcy. Here are some tips on what you need to do to improve your odds of getting paid: Stop contact. Bankruptcy law prohibits creditors…
What to Know About Bankruptcy Bankruptcy. It’s the bad word every business owner is working hard to avoid. And, yes, it’s also a tool given to entrepreneurs as an encouragement to take risk and be able to have a fresh start when things do not go as planned. It’s a thought that may have crossed…
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