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155 Legal Do's (and Don'ts) for the Small Business
155 Legal Do's for the Small Business - and Don'ts Author: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 practici... more »ng 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