If you’re a business owner with employees, chances are you’ve at least contemplated the idea of having them sign a “non-compete.” Today, employee agreements not to compete with the employer are the rule, not the exception. According to reports from the U.S. Department of the Treasury, about 19% of American workers—about 30 million people—are currently bound some form of a non-compete agreement. Read more
No matter how much we hear about fake news, false stories going viral, and hackers taking over online business profiles, most people assume that the “Internet of Things” is the truth. This state of affairs is particularly troublesome for entrepreneurs whose businesses become the subject of online defamation in the form of “revenge reviews,” many of which go viral. “Revenge reviews” are either false or grossly exaggerated negative “opinions” about a business posted to various social media sites by unhappy clients, angry former employees, or . . . WORSE . . . a competitor business looking to skew search results in its favor. The impact that one negative review can have on a business can be catastrophic . . . unless you have access to an experienced legal team, like the great folks at Thrive Law, that know how to leverage the law to fight for your reputation online and, in many cases, recover money from the offenders for the economic damage they caused. Read more
5 Types of Insurance Every Business Cannot Go Without
Before you even launch, it’s imperative that you protect your business with the right types of insurance coverage. A single lawsuit or catastrophic event can wipe your company before it even has a chance to get off the ground. Don’t believe me? Ask other business owners in your community to share their horror stories about spending all the money they intended to invest in growing their companies on paying attorneys to defend suits against their business—all because they had no insurance coverage OR the wrong type of coverage. Read more
When launching a new venture, business owners are sometimes so focused on drumming up dollars that they forget to do what is necessary to build a firm legal foundation on which to build a business that is ready for and will not be rocked by unforeseen legal problems or circumstances. The most effective bedrock for building a legally strong business is to ensure you have in place 4 key legal agreements that no business should be without!
Based on our own experience and the advice of many seasoned, successful entrepreneurs, below are the four core agreements founders need from the moment that brilliant business idea becomes a reality. Read more
Many small business owners fail to realize just how valuable their intellectual property is. Yet according to some valuation experts, intellectual property (IP) makes up between 40% to 90% of the total value of many companies. So, it’s extremely important that you identify your company’s intellectual assets and take steps to protect them!
However, IP is a murky area of law, and if you’re not educated about how things like copyrights, trademarks, and patents work, you might be at a huge disadvantage. To identify and secure your IP, schedule an appointment with Thrive Law today. In the interim, here are four popular myths about IP protection that we would like to debunk for you! Read more
You started your business or creative venture with a clear vision of the end-goal . . . or did you? If you haven’t provided for your life’s work in your estate plan but fantasize about leaving it as an entrepreneurial or artrepreneurial legacy for your kids (and their kids’ kids), your dream might just become a nightmare for your heirs—and for your business partners, employees and clients, too. Read more
So you’ve saved up some money, developed a marketable concept, and you’re starting to create a business plan. Congratulations on your first steps towards entrepreneurship! It may have been your childhood dream, or a recent revelation, but now you’re finally geared up to get things started. But wait!Read more
Today is National Be Heard Day – celebrating small businesses and their efforts to “be heard” through the din of mega-business marketing efforts. Entrepreneurs, be heard! Make your presence known. Business owners, what are you proud of in your business? Shout it out!
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