Things to Know Before Joining a Multilevel Marketing Business

Rincker Law Business/Commercial Law Leave a Comment

Multilevel marketing (MLM) businesses sell products or services directly to retail customers using commission-based, nonsalaried representatives who are encouraged to recruit new representatives and form their own sales networks. They can have thousands of representatives and generate billions of dollars in annual revenue, although many of the people who join them make little to no money. Some may even lose …

Share this Article

Stay Bonus Agreements: What They Are and How to Use Them

Rincker Law Business/Commercial Law Leave a Comment

A stay bonus agreement, also referred to as a retention bonus agreement, is a written agreement between a company and a key employee to induce the employee to stay with the company. Understanding the definition and purpose of this type of bonus agreement is critical for both business owners and employees. A stay bonus agreement is a contract between a …

Share this Article

Selling Your Small Business: What You Should Know

Rincker Law Business/Commercial Law Leave a Comment

Determining whether to start a business is a major life decision. For small business owners, deciding when and how to sell the business is arguably even more consequential. Before selling a business, the owner is likely to spend many hours and even days worrying and considering the options: Is the market right? What price should I set for my business, …

Share this Article

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 …

Share this Article

Ask Cari: Force Majeure Clauses in Light of COVID-19

Rincker Law Business/Commercial Law Leave a Comment

Businesses across the globe have experienced unprecedented interruptions and closures because of the COVID-19 pandemic. As a result, many businesses are finding it difficult to perform their contractual obligations. Consequently,  a common but often overlooked contractual clause is in the limelight: the force majeure clause. Contrary to popular belief, the mere existence of a force majeure clause does not invalidate …

Share this Article

What You Need to Know about Paying Yourself as a Single-Member LLC

Rincker Law Business/Commercial Law Leave a Comment

You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do self-employment taxes come into play? The answers to these questions depend …

Share this Article