If you’re a homeowner, you probably have a rough idea of what your house is worth. If you have a retirement account, you likely check the balance more often than you’d like to admit. But when it comes to their businesses, many small business owners don’t know the value of their most significant asset. Understanding...
OK, bear with me for just a moment as we outline recent events related to business owners’ requirements to file their Beneficial Owner Information report (BOIR) with FinCEN, to comply with the Corporate Transparency Act (CTA). As most of those who have been following this law know, a universal injunction had been issued in the...
Letting an employee go is never a straightforward task, but doing so without a solid employment contract can quickly turn a difficult situation into a costly problem. Without a clear agreement in place, your business could face unexpected costs, legal battles, and damage to its reputation. Many business owners overlook the importance of employment contracts,...
You’ve spent months, maybe even years, building your business plan and forming the perfect limited liability company, but one critical document could make or break your LLC’s future: the operating agreement. Many entrepreneurs mistakenly believe their business will stay strong without a formal agreement, only to find out how big of a mess they might...
Happy New Year, and welcome to 2025! As you begin this brand new year in your business, you’ll begin to realize that while building a new venture is filled with promise, navigating the essential legal groundwork is crucial to avoid embarrassing, time-consuming, and often costly missteps along the way. Entrepreneurs face a maze of compliance...
Resolutions for Small Business Owners: What’s “In” and What’s “Out” As 2025 begins, the team at Hiatt Law is here to highlight a few trends and priorities that small business owners should keep in mind while crafting their New Year’s resolutions. Whether it’s optimizing your business structure, securing your business legacy, or protecting your...
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