Construction work can be very lucrative. Unfortunately, actually securing full payment can sometimes be a challenge for those in the construction sector. Unpaid invoices can impact a company's operations by straining its budget, and many companies occasionally...
Business & Commercial Law
Signs your business structure needs to be revised
There is more to running a successful business than having a great idea and putting in the work. It also requires a solid organizational structure that supports growth and sustainability. What you had to start with may no longer fit your current needs or objectives,...
Rushing into a business merger can lead to major liability
A potential merger can be a significant opportunity for a business. The companies negotiating the merger can combine facilities and talent pools while also sharing trade secrets and other business resources. Mergers can lead to rapid growth and local market dominance...
FTC is looking to fully ban non-compete agreements
A non-compete agreement is designed to protect a business, often with the goal of safeguarding intellectual property. Workers who sign these agreements are stating that they will only work for that specific company and that they will not suddenly leave to join the...
3 things to look for in a franchise
Becoming a franchisee is one of the possible ways to venture into owning a business. There are several things that you need to look into if this is what you’re considering. It’s critical that you ensure you’re choosing the best franchise for your circumstances. As...
The importance of business succession planning
Sweat and actual equity go into the creation of any business. That hard work often pays off in a successful and highly profitable enterprise. Diligence and dedication do not end with a thriving company. Proactive steps are essential as well, particularly when it comes...
What to look for in a business partner
If you’re looking to start a business with a partner, one of the most important decisions you can make is the partner you choose. You’ll need to have the right person at your side to give your business the best chance of success. You’ll also want to avoid mistakes...
How to handle a discrimination complaint from an employee
Your company should have strict anti-discrimination policies. No one should be treated unfairly because of their inclusion in a protected class. This includes things like their gender, race or disability status. The Missouri Human Rights Act states it's unlawful to...
3 common reasons that workers sue the companies that employ them
Employment lawsuits are expensive for the businesses involved and can do incalculable damage to a company's reputation. If the local news media hears about an employment lawsuit, the story might start to gain traction on social media. Both customers and talented...
2 reasons you cannot terminate an employee
Running your own company comes with numerous challenges. You not only have to think about yourself and the profitability of the firm, but you’ll have to manage a team of employees. Missouri is an at-will employment state. Essentially, this means that employers can...