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What's legally soundand what's notfor the most common problems facing today's small business owner
One of the most difficult aspects of starting and running a small business is knowing what are the requirements for compliance with the law . . . and what legal pitfalls to avoid. This user-friendly guide, written by a practicing attorney, features a format that offers helpful cross-references and quick access to 155 major legal do's and don'ts in a variety of subject areas, including international transactions, contracts, intellectual property, computers, business succession planning, and more. Included are such important topics as:
- Employmenthiring aliens
- DO be sure to comply with the requirements for hiring aliens
- DON'T trip over the discrimination laws when complying with the alien hiring laws
- DO use an arbitration clause in your contract if the situation warrants
- DON'T allow the arbitrator to "split the award down the middle"
- Commercial transactionswarranties and disclaimers
- DO limit your warranty exposure by using proper terms in your sales order forms
- DON'T indemnify against patent infringement except where it is advantageous
- Financingpersonal guarantys
- DO carefully consider the personal financial implications of signing a guaranty
- DON'T sign a guaranty without carefully considering the terms
- Types of businessesconversion from a corporation
- DO convert your corporation to a Limited Liability Company (LLC), if appropriate
- DON'T ignore the tax effects of a conversion from a corporation to an LLC
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About the Author
PAUL ADAMS is an intellectual property lawyer practicing with the firm of Peacock & Myers in Albuquerque, New Mexico. He formerly started and ran as President and CEO several high-technology companies, including Calios, Inc., a manufacturer of fiber optic data communication systems. He is actively involved in assisting new venture companies.
Table of Contents
Types of Businesses.
Litigation and the Alternatives.
Business Succession Planning.