December 14, 2017
From the Department of “Hey, That’s a Good Point!” comes this article on Board of Directors liability by attorney Alan Sklover, Esq. (yes, you can learn interesting things from your LinkedIn groups!). It has to do with corporate housekeeping, directors and officers, and how to protect yourself against future entanglements. Why is this relevant? Because small businesses often ask family and friends (and advisors) to sit on their board or somehow serve the company to either (1) get the benefit of their expertise; and/or (2) offer “equity” in exchange for investing money in the corporation or providing services to it. For some, it’s an exciting ride to be part of the management of a small business. What they don’t focus on, though, is that there are risks to participating. THE GENERAL RULE: Usually, directors and officers of a corporation are shielded from being sued personally for the reasonable decisions they make while serving as directors and officers. The concept is that, if you are acting fairly on behalf of the corporation, you should not be…
Continue ReadingWe noted in the previous post on competency why you need to resist the temptation to be all things to all people. Another element of keeping customers happy is communication. By the time clients reach…
Read MoreIt’s no secret that governments (Federal, state and local) are strapped for cash. One of the ways they’re seeking to fill the coffers is by cracking down more heavily on small businesses regarding their use…
Read MoreHow to you handle long-term clients who try to wangle freebies from you? Like, Can we talk off the meter? Or, Can you just do this quick thing for me? It’s a challenge, isn’t it?…
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