Do you know what you are agreeing to when you sign a contract?

Do you have a valid contract? Written contracts provide legal documentation detailing the expectations of both parties and how negative situations can be solved. To have a valid contract, there has to be an offer, an acceptance of the offer and consideration. An offer is a written or spoken statement indicating a person's willingness to enter into an agreement with another. Acceptance is an express act or implication by conduct that manifests assent to enter into an agreement with another. Consideration is a promise to act and/or provide goods, services or money. The most common form of consideration is the payment of money. It is imperative that a written contract describes the agreement

What types of business entities are there?

Starting a business is overwhelming. There are many decisions you must make and one of the most important decisions is the type of legal structure you choose for your company. This decision might seem easy but this decision has a big impact on your business so it must be considered very carefully. The type of business entity you choose impacts how much you pay in taxes, the amount of paperwork required, and most importantly the personal liability you face. It is important to have legal counsel assist you so that you can make an informed decision to fully understand the implications of your decision. Forming a business entity is not as simple as going online to the Department of State web

Is your company ready for the new set of rules for sharing data online?

You might have noticed a lot of websites updating their privacy policies lately. Companies are updating their terms to ensure compliance with the General Data Protection Regulation (GDPR). The GDPR is a regulation passed by the European Union but since the internet is worldwide, everyone must take precautions to ensure compliance. This means the law applies beyond the borders of Europe itself and companies based outside of the European Union still need to comply if they do business with anyone in the EU. The new law requires anyone collecting the data of EU citizens to follow strict rules about storing that data, disclosing data collection, and informing citizens of data access protocols.

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