What You Need To Do About Tariffs

A tariff clause in a contract will help manage risks related to changes in import duties or trade tariffs. You should specify how tariff increases or decreases will be handled, ensuring price stability and clarity in obligations. Some key points to consider when drafting a tariff clause: Define Key Terms: Specify what constitutes a tariff change and how it impacts pricing. Risk Allocation:...Read More

Cliff Notes For Forgery

What is forgery * Creating a false document: This includes creating a completely fake document, such as a driver’s license or a diploma. * Altering a genuine document: This involves changing existing information on a real document, such as adding zeros to a check or changing the date on a contract. * Signing another person’s name: Signing someone else’s signature on any...Read More

BENEFICIAL OWNERSHIP INFORMATION REPORT – MANDATORY NEW REPORTING REQUIREMENT

NEW REPORTING REQUIREMENT:Simply put, most small to medium sized companies are now required to identify all individuals who exercise substantial control over the company. An existing company must file its initial Beneficial Ownership Information Report by December 31, 2024. Supplemental Reports are required to be filed if there are any changes to the ownership or management of the...Read More

What Is An EEO-1 Annual Report Anyway?

The EEO-1 Component 1 Report (also known as “Standard Form 100”) is a mandatory annual data collection that requires certain employers to submit information regarding their workforce. All private-sector employers with 100 or more employees, and federal contractors with 50 or more employees meeting specific criteria, must complete an EEO-1 Report annually. The EEO-1 Report relates to equal...Read More

Why You Need A Business Lawyer

Starting a new business can be overwhelming and having the assistance of a business lawyer is crucial to your success.  As an entrepreneur, there are a lot of things to consider when starting a business.  Your business lawyer can advise you on things like the type of business entity you form and keeping accurate tax records. They can guide you through the complicated employment process and...Read More

Get Financial Religion Before Selling Your Business

There is no better time for small business owners looking to sell their closely held business. However, business owners hoping to cash out can quickly discover that issues with their internal financials can become a roadblock to a sale. Disorganized or missing financial or corporate records when selling your business can turn off potential buyers, who demand complete transparency when buying a...Read More