Your company started small: just you, a computer, and your supplies in your garage apartment. And then almost overnight, you moved to an office downtown and added your first, second . . . maybe even your fifteenth employee. Or maybe you’re about to hire your first team member. Congrats on your growth! You’re clearly doing a lot of things right!
But if your company is in a growth spurt, chances are you struggle with enforcing company “rules”: rules that you have discussed with your team, but never committed to writing. Or maybe you deem these “rules” to be intuitive with no need for discussion or explanation. Like showing up on time. Or dressing professionally. Or giving advance notice if you need a half day off to get that root canal taken care of. If this describes you, read on! Read more
Thrive Law’s managing attorney, Jamie Moore Marcario was recently interviewed by David Byrd, the host of American Cafe of Voice of America. President Trump recently announced billions of dollars of tariffs against China. The president said theft of intellectual property by China was one reason for his action. But what actually is intellectual property and what constitutes piracy? Jamie breaks it down for us and explains what content creators can do to protect themselves.
You can listen by clicking play below!
This interview is an educational service of Thrive LawTM, a business law boutique. It does not constitute legal advice or imply an attorney-client relationship. At Thrive Law, we offer a full spectrum of legal services for businesses and are equipped to help you make the wisest choices about your business dealings while you’re alive and well or in the event of your incapacity or death. We also offer a Healthy Business & Creative Checkup for ongoing ventures, as well as outsourced company counsel plans for businesses who need a legal team on speed dial. Contact us today to schedule: 727.300.1990 or firstname.lastname@example.org. We cannot wait to meet you!
We get it. You’re the new biz on the block and you need help. But the thought of hiring employees freaks you out! Where will you get the money? So you hire an independent contractor (IC) instead. You pat yourself on the back. Maybe you tell your best friend, “I’m brilliant! I hired someone to do my bidding and I’m saving a ton in payroll taxes. I am the bomb!”
But what if the real bomb is that IC that’s going to explode right in your face? If you don’t engage the right IC for the right job—a mistake the IRS and the NLRB call “misclassification” — you might be on the hook for fines, penalties, back wages, overtime pay and possibly a lawsuit that could sink your business. To make sure that doesn’t happen to you, check out these pros and cons of working with independent contractors. Use them as your guide on when and how to hire them without blowing up your business.
You’re finally your own boss. You decide what you do, who you do it for, when and how. Awesome, right? But if you’ve never done your own thing before, you’ve quickly discovered that your brilliant business plan and loan from your brother to fund your dream aren’t enough to bring it all to life. You need emotional intelligence if you’re going to make it.
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
With today’s tuition costs at astronomically high levels, paying for a child’s college education can feel like extortion. If your child is an adult, you may have decided that it’s up to him or her to pay for tuition. But if you DO want to help your adult child (or grandchild) with college tuition, there are some ways to do it—at least part of it—TAX FREE! Read more