Business Law

Noncompete agreements are legal contracts that restrict employees from working for competitors or starting competing businesses after leaving a job. These agreements protect employers. FTC's ban has been placed on hold and still on hold as of 4/22/25

Choosing a limited liability company (LLC) structure offers business owners key advantages, including personal asset protection, potential tax benefits, and operational flexibility. This guide explains how forming an LLC can shield owners from company liabilities, optimize tax outcomes, and streamline business management.

The Corporate Transparency Act (CTA) faces legal challenges as the Fifth Circuit Court reinstates an injunction, putting reporting requirements on hold. Learn about the latest developments, court proceedings, and what businesses should do to prepare for potential enforcement.

Passing on your business to the next generation by creating management (how your business will be managed if you are gone) and business succession plans (how your business will be owned) will help you get the most value for your business and hopefully, avoid hurting family and business partners. (Read more...)

A Management Succession Plan (MSP) is a vital component of your Business Success(ion)™ plan (Business Exit Strategy). A Management Succession Plan (MSP) determines who will run your business if you face an unexpected exit, either by death or incapacity.

WHO can sign contracts for your company? Who can legally bind a corporation? Who is not allowed to sign a contract? Who can sign a vendor contract? The answer depends on how your business is formed and the founding documents your company has in place.

The CTA was enacted to help the U.S. Government combat money laundering, terrorism, tax evasion, and other financial crimes by creating a national database of organizations in the U.S. that identifies the human beings behind the companies as owners or controlling persons.