Latest Legal Insights

If you are a business owner, how do you know if the person in charge of the books is not skimming off the top? What checks and balances do you have in place to ensure more than one person is looking at the financials? To prevent embezzlement, it should be an area that business owners review regularly but often it's easy to get caught up in the day-to-day operations of the business. Things like bank reconciliation statements and cash flow statements get put on the back burner

How comfortable are you with taking a risk?

"Giants are not what we think they are. The same qualities that appear to give them strength are often the sources of great weakness."

For many small business owners, talking about accounts receivable is about as much fun as being stuck in a traffic jam on vacation. Although there are a few brave souls who truly enjoy collecting past due invoices, for many, it is simply a part of doing business that they would rather avoid. Because collecting past due invoices is not on most people’s list on how to have a good time, many business owners take the following approach

"The decisions you make are a choice of values that reflect your life in every way." Alice Waters

Children learn about business transactions when they set up their first lemonade stands or do chores for an allowance, but they likely will not appreciate the pervasiveness of business transactions until they grow up and begin to manage their own lives. At this point, it becomes important for them to have a basic understanding of business law.