Business Law

February 9, 2017

What Is Contract Fraud?

Most business owners enter contracts in good faith and realize sound transactions are the basis of building a successful business. However, sometimes you run into contract fraud in business dealings,  or even worse stand accused of it. For your own legal protection, it is useful to understand what actions constitute contract fraud. Contract fraud involves more than misrepresentation, but understanding the legal definition of misrepresentation is a good place to start. Misrepresentation is an untrue assertion of fact or engaging in conduct that is equivalent to an untrue assertion of fact. By fact, the legal system does not mean opinion […]
February 9, 2017

What Email Marketing Laws Should You Know about as a Small Business Owner?

Today many small businesses advertise through email marketing, which can be an economical way of promoting your business. However, whether you are a large or small business, your email advertising and commercial messages must comply with the Controlling the Assault of Non-Solicited Pornography and Marketing Act, or CAN-SPAM Act. Congress passed the Act in 2003 and it applies to “any electronic mail message the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, including email that promotes content on commercial websites.” Promoting to previous customers about new product lines and business to business […]
February 9, 2017

What Are the Advantages and Disadvantages of Forming an LLC?

LLC stands for limited liability company, a popular business structure that works effectively for many types of business. Some of the advantages of forming an LLC include the following: Limited liability for company members that protects their personal assets from creditors’ actions and from litigants who sue the company unless members are involved in illegal activity such as fraud, etc. Fewer formalities  ─ no regular meetings required, no meeting minutes or annual reports to file with the state No membership restrictions like S corporations which are limited to 100 stockholders, who must be U.S. citizens or residents Greater financial flexibility […]