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Legal

Stay on top of today's business legal issues, including structuring your business, contracts, working with lawyers, and finding legal forms and agreements.

Today's Must Read
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
Strategically targeted training can stop leaks of confidential information in its tracks.
Blog Post
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If you want to make sure you don't void the liability protection of your S Corp or LLC, you must make sure you do two simple things each year.
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Rebbecca Mazin
By  | Filed In: Staffing & HR
My promise: This year ,I will only pick up my phone in the car after I have pulled over to the side of the road.
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Nellie Akalp
By  | Filed In: Legal and Finance
It's a new year with new opportunity! If those opportunities for you include incorporating a new business, here are some important things to keep in mind.
Blog Post
Nancy Germond
From exploding pastries to million-dollar slips, 2011 was chock full of expensive -- and often bizarre -- litigation for business owners.
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
A better job market brings a higher risk that employees will jump ship -- and perhaps take proprietary business information along with them.
Blog Post
Susan Wilson Solovic
By  | Filed In: Legal and Finance
Are you sure which of your employees are entitled to overtime compensation? Here's how to reduce your company's exposure to a lawsuit or government audit.
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
Enhancing your management and leadership skills can pay huge dividends in terms of bullet-proofing your business against lawsuits.
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Paul Davis
By  | Filed In: Operations
The mob is alive and well -- and causing quite a bit of trouble for legitimate businesses around the country.
Blog Post
Rebbecca Mazin
By  | Filed In: Staffing & HR
Don't pick the holiday season to dump all the bad news you have been saving. It's not fair to employees, and it's no good for your business.
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
The culprit in so many failed business deals: poorly managed expectations. The fix: more transparency when you're negotiating the deal.
Blog Post
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
The company's privacy violations just won it a new BFF: The Federal Trade Commission. There's also a lesson here for other businesses, big and small.
Blog Post
Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
Reflecting on the spirit of the season, the No-Nonsense Lawyer looks at the lessons of the past year and how we can use them to strengthen our businesses.
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Rebbecca Mazin
By  | Filed In: Staffing & HR
You don't want to learn that your small business is involved in a criminal case by reading about it in the local newspaper.
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Many businesses let employees set up "official" accounts. When the employee moves on, the account -- and your followers -- just might move with them.
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
The Penn State scandal shows what happens when a bad business culture runs amok. Don't let the same thing happen to your small business.
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Matthew McKenzie
By  | Filed In: Technology
What's worse than wading thru a website's Terms of Service gobbledygook? Being branded a criminal if you don't.
Blog Post
Manny Davis
By  | Filed In: Taxes and Finance
If you own a business, it is important to begin thinking about your 2011 tax return now. Here's where you should focus your efforts.
Blog Post
Suzanne Lucas
Does your small business have a social media policy? The Evil HR Lady explains why it's time to get one -- and what can happen if you don't.
Blog Post
Suzanne Lucas
Does your small business have a social media policy? The Evil HR Lady explains why it's time to get one -- and what can happen if you don't.
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Business Glossary

Definitions for: legal liability
legal liability

  1. obligation with specified terms and conditions by which a defined payment amount in money, goods, or services is to be paid within a defined time period in return for a current benefit.
  2. responsibility of the accountant to the client and third parties relying on the accountant's work. Accountants can be sued for fraud and negligence in performance of duties.

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