With the fast development of technology and internet in particular, the increasing connectivity and accessibility has created an immense pool of possibilities for the ecommerce industry, that is, selling products online. The modern internet has created the possibility of a massive outreach, and it has never been a better time to launch an ecommerce business. However, you should always ensure that your transactions are legally straightforward – you get money upfront for selling and delivering … [Read more...]
What Business Owners Need to Know About Surety Bonds
Surety is somewhat a complicated term, mainly because it’s the legal frame that involves three separate parties, unlike regular insurance, which only involves two. It’s a type of guarantee, which is issued by the surety or the guarantor to the party that is conducting business (which is also known as the principal). Surety guarantees that the principal will meet the obligation and fulfill all terms of the contract they have signed with the third party (or the obligee). Surety protects obligees’ … [Read more...]
What is My Company Worth?
A number of business owners do not realize the importance of understanding company worth. This information will come into play when you are planning to sell your business as well as when it comes to taxes and other financial aspects of your business. Many businesses have very little knowledge about how company worth is calculated and what it means to their business. If you are running a small business, there are two major ways that you can determine the worth of your company. Keep reading to … [Read more...]
LLC or Corporation: Which is best for My Growing Business?
Many companies have a hard time figuring out which is right for them, incorporating their business or creating an LLC (Limited Liability Company). In many cases, businesses do not even know the differences between the two. This is a big decision as it has the ability to make or break a business when it comes to taxes and legal matters. If you choose the wrong one, it could have a negative impact on your business both financially and legally. Keep reading to discover some of the differences … [Read more...]
Preparing for your ALJ hearing at the Office of Medicare Hearings and Appeals
Administrative law judges (ALJ’S) at the Office of Medicare Hearings and Appeals conduct most of their hearings by telephone conference. All too often an appellant would answer, saying “I forgot about the hearing” or “No one told me the hearing was today.” You can start on the right foot by beginning your hearing preparation the day you treat your patient, or – if you are the representative – the day you get the first denial notice from the Medicare (CMS) contractor. Preparation includes … [Read more...]
Do I need a lawyer when buying a small business?
When deciding to buy a small business, you should err on the side of caution and retain the services of an attorney in order to make sure that you understand all the legal facets of buying a small business. The process of buying a business can happen in different ways and will usually be handled by one of a few common methods. What are you buying? In the case of an asset purchase, the buyer will purchase some or all of the assets of a company. Buyers tend to like this arrangement because it is … [Read more...]
A brief overview of what corporate law is.
When many people hear the phrase “corporate law”, the notion of businesses come to mind. What many do not know though, is what exactly corporate law encompasses. How is it different than other fields of law? Is it universal, or does it vary from region to region? In its most basic of definitions, corporate law is a structure of laws the govern the formation and fundamental operations of corporations. The specifics of the laws are dependent on the location of the corporation. Every country, … [Read more...]