Family businesses are the backbone of the U.S. economy, yet many struggle when it’s time to pass leadership to the next generation. Without careful planning, transitions can trigger ownership disputes, tax complications, or even the demise of the ...

Can You Be Too Young or Too Old to Enter into an Enforceable Agreement? In earlier articles, we documented the requirements of a valid and enforceable contract, including the condition that the parties must have legal capacity. We further explained ...

The Differences between a Confidentiality Agreement and a Non-Compete Agreement In today's business climate, where the success of many businesses is built on proprietary products and information, keeping that information private can be critical. As ...

The Purpose of a Shareholder Agreement | The Important Provisionsof a Shareholder Agreement When you're setting up a new business enterprise, it can be easy, in the excitement of the moment, to assume that you'll always get along with everyone else, ...

Survey Shows Overwhelming Support for New Round of Economic Assistance According to a national survey of small business owners conducted shortly after the presidential election, about one in five small businesses across the country have been forced ...

Let MCIS Law Help You Navigate the Stimulus Package and Protect Your Business The COVID-19 pandemic has had and will continue to have a devastating impact on the American economy. Even if your business is an essential one, and has not been ...

Understanding the Different Types of Intellectual Property In the 21st-century business world, a company's intellectual property can often be more valuable than real property, equipment and other assets. One of the keys to maximizing your likelihood ...

Creating a Structure to Effectively Manage Your Company In an earlier blog, we identified the key documents to put in place when launching a new business enterprise. Among the most important is a set of bylaws. If you've been involved in any type of ...

Getting Full Benefit from Patents, Trademarks, Copyrights, and Trade Secrets In almost any business venture, whether you're providing a product or service, intellectual property rights can be extremely important to your success. You may have a ...

Tips for Successfully Opening a New Enterprise According to statistics gathered by the Small Business Association, more than one of every three new businesses closes its doors within 24 months, and half fail within five years. Let's take a look at ...