When an individual files with their state to form a corporation, the company will automatically be a C-Corporation, unless the person filing chooses to be an S-Corp. Shareholders By structuring the business as a C-corporation, owners benefit from separating the...
Have you ever heard the phrase “pierced the corporate veil” in the media and wondered what it really meant? The phrase refers to a situation in which the court system looks beyond the corporate identity and instead focuses on the individuals leading the organization....
The consequences of violating a regulation that applies to your business can vary from a mild notice to comply, to fines, to the closing of the business, and even incarceration. Legal action from violations can come from government agencies in the form of...
Indeed.com, a premier digital job board, describes the role of a Corporate Compliance Officer as an individual who “is responsible for overseeing an organization’s compliance with government laws and regulations. Their duties include coordinating with company...
Corporate leaders and business owners are responsible for ensuring that their organizations comply with relevant regulations. Depending on the size of your organization and the resources available, you may take any of these actions to ensure regulatory compliance. Do...
Regulations at the local, state, and federal levels cover a vast span of industries, sectors, materials, and situations. Some regulations, such as Child Labor Laws, Minimum Wage, Pollution, and Food Safety, may feel familiar. Regulations in Business Yet, regulations...
There is a lot of “buzz” in the media about always renegotiating and striving for better terms in new or existing agreements. However, negotiating agreements takes energy, knowledge, and time in a business. Knowing when it is worth it to negotiate can ensure that...
In the corporate world, the person in charge of negotiations is often, by default, a department leader, the person in charge of the project, the CEO, or the business owner. Yet, there is no guarantee that they are most skilled in negotiation. Have you ever gone to buy...
The Harvard Law School Program On Negotiation describes a negotiation as a process of finding your counterparts’ interests and reconciling them with your own to achieve a specific outcome. Negotiated agreements happen through back-and-forth communication to reach a...
In the course of your career, you are likely to perform many duties that were not explicit in the job description at the time of hire. If you are an entrepreneur, you are probably quite familiar with the concept of wearing many hats in your business. Negotiations...
