155 Legal Do's (and Dont's) for the Small Business

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155 Legal Do's (and Dont's) for the Small Business

By: Paul Adams

What's legally sound--and what's not--for 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:

• Employment--hiring 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
• Litigation--arbitration
• 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 transactions--warranties 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
• Financing--personal guarantys
• DO carefully consider the personal financial implications of signing a guaranty
• DON'T sign a guaranty without carefully considering the terms
• Types of businesses--conversion 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

Pages: 256                                                                           ISBN: 9780471131618/ 047113161X