Creative entrepreneurs come up with unique, profitable business ideas every day.  Some of those concepts rely wholly on the talents of the business owner, like a craftsman or a writer.  But sometimes the business model is easy to duplicate from an operational standpoint – like how a product is made, or what steps employees take [..] The post Have you Accidentally Created a Franchise? appeared first on Law Office of Wendy Anderson.

If you have ever read a contract and did not understand at least one of the provisions, chances are it was the indemnification section.  Yes, the words are confusing and there might be only a single long sentence in the whole paragraph, and that paragraph could be as long as a full page.  Ugh!  Even [..] The post Indemnification – What is it? Why do you need it? appeared first on Law Office of Wendy Anderson.

Buying or selling a business can be a very exciting time for both the buyer and seller.  As a buyer, you may be starting a brand new venture or growing your existing business.  As the seller, you may be moving on to new and different projects or life experiences.  Either way, this transaction involves much [..] The post Buying or Selling a Business – Have You Done Your Homework? appeared first on Law Office of Wendy Anderson.

Outsourcing has become an effective and efficient way to operate multiple aspects of a business.  Many business owners see merit in using skilled experts who can complete clearly-defined projects for their company without having the permanence of an employment relationship.  When this outsourced work consists of original work, including writings, translations, music, and certain types [..] The post Your Original Work – Who Really Owns It? appeared first on Law Office of Wendy Anderson.

The only thing constant in business is change.  Whether it’s your business operations or matters relating to your workers, changes in your supply chain or in your customer base, federal regulatory updates or new case law in your state…changes bring both concerns and opportunities. As a business owner, it’s your responsibility to anticipate, recognize, and [..] The post How Protected is your Business? Make Sure your Bases are Covered with a Legal Strategy Session appeared first on Law Office of Wendy Anderson.

Business is all about relationships. Day in and day out, a business owner is coming to agreement with customers, employees and partners about how they will do business together. Although it may seem unnecessary, especially when conducting business with friends or family members, taking the time to document the agreement in writing is a sound [..] The post Your Business Agreements…Is there a “Meeting of the Minds”? appeared first on Law Office of Wendy Anderson.

The Limited Liability Company, or LLC, is a business entity structure known (and loved) for the flexibility it offers to its Members in deciding how to manage their company. For a Corporation, many statutes exist regarding the people involved (Officers, Directors and Shareholders), bylaws, voting and meeting requirements, fiduciary duties, and many other aspects of [..] The post LLC Operating Agreements: What’s the Big Deal? appeared first on Law Office of Wendy Anderson.