Category Archives: Business Law
Common Mistakes to Avoid When Terminating a Business Contract
As an entrepreneur, you may excel at making deals. It can be easy to overlook the manner in which these agreements are terminated but giving this careful thought beforehand is just as important. How you terminate a contact will have a profound impact on your company’s legal standing and financial situation. It is not… Read More »
Benefits of Using Mediation to Resolve Your Business Dispute
Disputes that arise within a business can be very damaging to the company. Whether they involve employers, employees, partners, shareholders, suppliers, or other parties, a single dispute can stop business operations, damage a company’s reputation, and more. To prevent these negative impacts, it is important to resolve business disputes as quickly as possible. There… Read More »
Are Non-Compete Agreements Legal in Utah?
Employers sometimes ask employees to sign a non-compete agreement either as a condition of employment or of continued employment. Typically, non-compete agreements are included as part of a larger employment contract but they are sometimes separate agreements signed by employees. In January of 2023, the Federal Trade Commission (FTC) proposed a new rule that… Read More »
Three Factors to Consider When Choosing a Business Structure
Starting a new business requires you to take total responsibility for the development and future of your company. As an aspiring entrepreneur, you will need to thoroughly plan and make some new and exciting choices. You will have to investigate the market, may have to obtain investments, create a business plan, and legally form… Read More »
Errors that Make Contracts Void or Voidable
At first glance, entering into a contract seems fairly straightforward. However, there are often situations in which mistakes are made and contracts can be deemed void or voidable. When a contract is deemed void, it is an unlawful agreement that legally cannot be enforced from the start. A voidable contract, on the other hand,… Read More »
A Checklist When Starting Your Business
Business is booming in Utah! However, even if you have a revolutionary idea and a plan to execute it, there are still certain steps to take to ensure no mistakes are made that could derail your plans. Starting a business may seem daunting at first, but breaking it down into just a few simple… Read More »
Why You Should Consider Forming an LLC
You have come up with a great business idea and you know you have the drive to make it successful. Maybe you have even gotten started and are currently structured as a sole proprietorship. While sole proprietorships have many benefits, such as a simple business structure, they also have some inherent risks. However, a… Read More »
Why Place Your LLC Into a Trust?
One of the most popular business structures is a limited liability company (“LLC”) because it avoids double taxation to the owner and offers personal liability protections. A trust is a legal arrangement in which a trustee holds and manages assets for the benefit of designated beneficiaries. A properly structured trust can help your family… Read More »
Common Mistakes When Creating an LLC and How to Avoid Them
Starting a business is extremely exciting. One of the most important decisions you will have to make is how to structure your business. Many business owners today are choosing to form a limited liability company (“LLC”), or if you are a licensed professional, a professional limited liability company (“PLLC”). LLCs and PLLCs offer a… Read More »
Common Myths About Business Structures
When starting a business, one of the first and most important decisions you will make is what type of structure you will choose for it. There are many different types of business structures and the one you choose will have many impacts on you and your company. Unfortunately, many myths have abounded regarding the… Read More »