Business Law Basics: Learn What You Need in 2 Hours (A Crash Course for Entrepreneurs)

Business Law Basics: Learn What You Need in 2 Hours (A Crash Course for Entrepreneurs)

Michael F. O'Keefe, Scott L. Girard, Marc A. Price

Language: English

Pages: 192

ISBN: 9077256393

Format: PDF / Kindle (mobi) / ePub


When you start a business, legal issues can seem complex, even scary. Business Law Basics will help you ask smart questions and get the right advice. This simple guide will show

you everything you need to know about:

  • How to choose an attorney.
  • Contract essentials, including patents and copyrights.
  • What you need to protect (such as processes or intellectual property).
  • How to reorganize or restructure your business.

    You'll also learn the basics of partnership and corporate structures, license and regulation essentials, employment issues, legal aspects of buying and selling, common pitfalls, international business issues--and more.

    Each of the books in the Crash Course for Entrepreneurs series offers a high-level overview of the critical things you need to know and do if you want to survive and thrive in our super-competitive world. Of course, there's much more to learn about each topic, but what you'll read here will give you the framework for learning the rest. Also, the co-authors' website, expertbusinessadvice.com, offers expanded support for entrepreneurs and is updated daily.

    Among them, Scott L. Girard, Jr., Michael F. O'Keefe, Marc A. Price, and Mark R. Moon, Esq. have successfully started 20 companies in a wide variety of fields. Their individual experiences are just as varied. Scott, a combat veteran who has served in Iraq and Afghanistan, was formerly vice president of Pinpoint Holdings Group, Inc. Mike founded O'Keefe Motor Sports in 2004 and grew it into the largest database of aftermarket automotive components in the world. As vice president for marketing of Bracemasters International, he grew his company's website viewership by 17,000% in two years. Marc has launched seven companies of his own and has collaborated with the Federal government, U.S. military, major nonprofits, and some of the largest corporations in America.

    Business Law Basics is also coauthored by Mark R. Moon, Esq., a founding and currently the managing partner of the Moon Law Group, P.L., in Tampa Bay, Florida.

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    events or claims against you, your employees and your products. Such insurance only covers accidents and negligence. It does not cover willful actions or gross negligence. • Property—covers real and personal property owned by the business. This is specific insurance and is limited to the replacement of the property only, in the event of the destruction or loss related to a specifically covered occurrence. You must verify what types of risks are covered. For example, some policies put all damage

    business. Further, you must consider the impact of changes on external relationships and responsibilities, including market and contractual relationships with clients, suppliers, debtors, creditors, etc., before selecting the appropriate process. Debt-driven external reorganizations focus on debt, collections, liquidity and insolvency. Planning considerations are driven by the willingness of creditors to settle, restructure or reduce debts owed; the desire of the business to continue operations;

    Documents Business Hierarchy, Operational Structure This document (sometimes including a graphic called an organizational chart, or org chart) describes exactly who works for whom and how units or departments are structured and relate to each other. Even in a small company, it is very important to have a clear chain of command, with reporting and accountability structures in place. It is also very important to maintain this hierarchy to some extent throughout the business. In employment-related

    over. • A design defect There could be a design defect (you designed a product that does really bad things). For example, your car design put the gas tank in the rear, but if the car is rear-ended, it explodes. Or the product’s formulation has unintended side effects: This pill will make some of your pain go away, but it will also likely stop your heart (so take two and call us in the morning?). • Or failure to warn Perhaps you forgot to mention that your product did SOMETHING ELSE too.

    yard may conflict with local ordinances. These issues often have long-term effects on the local environment and/or public opinion towards particular populations. Educational considerations include the current language skills and education level of the immigrant population (and therefore your consumers or employees), their access to further education, and finally the long-term educational opportunities for subsequent generations. The current level is the most immediate concern for your business.

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