What Is a Promissory Note and When Should I Use One?

Rincker Law Business/Commercial Law Leave a Comment

You have probably heard the term promissory note, but do you understand what a promissory note is and when one can and should be used? A promissory note is simply a written promise to repay someone who has loaned you money. More specifically, it sets forth the terms for repayment of a loan on or by a specified date. A …

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What Happens When LLC Members Disagree?

Rincker Law Business/Commercial Law 1 Comment

Every business should have a proper legal structure and bylaws or an operating agreement that sets forth the rights and responsibilities of its owners or members. While the partnership or corporation structure is better suited to some businesses, limited liability companies (LLCs) have become one of the most popular business structures over the past few decades. The LLC structure provides …

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What You Need to Know about Severance Packages

Rincker Law Business/Commercial Law, Employment and Labor Law Leave a Comment

Business owners agree that people are the lifeline of a company. The people you hire can make or break your business. Yet as an employer, it is essential to recognize that things change. There are instances when you may have to terminate an employee. Developing a severance package is one effective strategy for dealing with exiting employees. A severance package …

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Five Reasons Business Owners Need Estate Plans

Rincker Law Business/Commercial Law, Estate Planning Leave a Comment

Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead. Your clients love you, and you have built unique relationships with your contractors and suppliers. Suppose, however, that tragedy strikes: You, as the business owner, are in a …

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Ask Cari: What Is the Difference between a Limited Liability Company and a Corporation?

Rincker Law Business/Commercial Law Leave a Comment

When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the limited liability company (LLC) and the corporation. Choosing between these two types of entities can be difficult for business owners who are not familiar with the unique features of each type. To choose the right …

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Ask Cari: Should I Use a Confidentiality Agreement?

Rincker Law Business/Commercial Law Leave a Comment

Business owners often find it necessary or desirable to keep valuable and sensitive information private. In some instances, a business may have developed certain key elements that help distinguish it from its competitors. In other instances, a business owner may handle sensitive information that a client would not want exposed or that is protected by law. If your business develops …

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Ask Cari: How to Choose the Right Business Lawyer

Rincker Law Business/Commercial Law Leave a Comment

A skilled attorney is a critical part of any business owner’s advisory team. Business attorneys are equipped to assist you in handling a variety of tasks that can protect you from potential legal and business pitfalls, in addition to solving existing legal issues. As important as they are to your team, finding the right business attorney may be challenging if …

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Ask Cari: I Have a Problem with Employees Missing Shifts. Should I address this in my Employment Handbook?

Rincker Law Ask Cari, Business/Commercial Law, Employment Law Leave a Comment

I always tell my business clients that having an employee handbook is imperative.  It is, essentially, the laws of the employment relationship.  It can be as detailed as the employer would like and can cover anything that might arise affecting the employer/employee relationship.  While many state and federal laws govern certain aspects of the employer/employee relationship, a lot is left …

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Amazon Suspension Prevention

Rincker Law Business/Commercial Law, Food & Ag Law Leave a Comment

There is an Amazon coach in my BNI Chapter and through my conversations with him, it’s come to my attention that entrepreneurs selling on Amazon.com run a risk of robots flagging something in their account and suspending it.  In a sense, Amazon will suspend accounts and “ask questions later.”  I regularly order goods from Amazon (pretty sure my postman thinks …

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