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When you’re just beginning as an entrepreneur, you are not only the chief operating officer of your company, but you also haul your own trash and write your own contracts. While being your own trash collector might not harm you if you do it incorrectly, being your own business lawyer could eat your money unless you learn some basics about writing contracts. Here are seven things that could help you when drafting your own agreements. Start with templates. Even lawyers rarely draft contract from scratch. There are many online services that will sell you basic contract templates for $25-$75. Buy several Continue Reading →
Most people don’t take time to read the contracts they sign. That’s dangerous because your signature is taken for an admission that you’ve read the document. As your business grows and you begin outsource, you’ll hire a good business attorney to handle contract review and negotiations for you. Until then, you need to be responsible. Unfortunately, many contracts seem daunting because of their length and because you don’t know what to look for. So for the hurried entrepreneur who doesn’t have a lawyer, here are the seven must-read sections in contracts you are asked to sign. What are each party’s duties? When someone Continue Reading →
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What’s good for employees, will be very good for you. At the heart of every business is a person with a dream. Support that dream. Provide a moment of appreciation. Provide a moment of hope. Encourage other people to do that too. – Jeff Haden I love the quote above by Jeff Haden. In Jeff’s article, he outlines how to make a difference in the lives of other entrepreneurs. Start at Home You began your company because you had an idea you thought would benefit the world. The people who work for you obviously share your vision. Practice this concept of encouraging other entrepreneurs, by Continue Reading →
The Conflict Of The Same Name It has taken a couple of years since starting up, but Alex’s company, Dynamic Drivers, LLC, a (hypothetical) Northern Virginia-based limousine service, smashes his competition there. So he’s thinking of expanding operations. Because he already draws a few clients from nearby Montgomery County Maryland, he’s thinking of opening an office there too. But his plans hit a solid guardrail when he finds that, a few months ago, another limousine service started up in Bethesda, and that company is using the same name, “Dynamic Drivers, LLC!” Is that legal? What can Alex do about it? Entrepreneurs take pride in naming Continue Reading →
Happy Days Are Here Again! One year ago today, I posted that “Now Is The Best Time In 20 Years To Start Or Grow Your Company.” That post predicted what would happen when Congress and the new President repealed Obamacare and Dodd-Frank. At the end of that post, I said I would write next about “Common Sense Corporate Taxation.” I had been intending to write about the often-predicted positive effects of a lower corporate tax rate. I never got to that next post, because I was demoralized by a small group of Republican Senators who blocked the repeal of the first two elements Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.