The services that nonprofit organizations render to society are priceless. Personal circumstance may inspire you to start your own to make a difference in the world. You may have a praiseworthy cause and lots of passion, but there is one thing you have to remember: Nonprofits are still businesses.
The risk of your business facing litigation is very high, so it is smart to do everything under your control to avoid a lawsuit and the ruin of your company's reputation and finances. One of the areas you can focus on is your interactions with employees, as they are a significant cause of litigation.
In many cases, it can prove easier for you as a landlord to evict a commercial tenant than a residential one, but you can still land yourself in trouble if you do not follow proper procedures when doing so. Maybe your tenant failed to pay you within the time frame your lease agreement dictates, or perhaps he or she otherwise failed to abide by the terms of your contract.
As a commercial landlord, one of the most challenging aspects of management can often be as simple as a tenant who is not paying rent. If a tenant who is renting business or office space from you is struggling with their financial situation, rent might be one of the first expenses the tenant neglects.
Nobody wants to experience a lawsuit as a commercial landlord. If you lease commercial property, you want to do your best to ensure your relationships with your tenants do not go sour. Sometimes, a simple disagreement may turn into a costly lawsuit.
Depending on the type of small business you own or operate, your entity’s intellectual property may be worth far more than its actual, tangible assets. Intellectual property, or any type of work or invention that comes from the human creative mind, can include anything from patented materials to company trade secrets, and if someone or something compromises or gets a hold of it, it may lose its value.
Over the course of your business, you are likely to face a lawsuit. Whether it be from employees, other companies or everyday clients, lawsuits affect one in three small businesses, reports Bolt Insurance Agency. Among the consequences are high costs, a damaged reputation and lost productivity.
As an entrepreneur, it is important for you to ask some questions about commercial leases. If this is your first time trying to secure a commercial property, you may worry that a landlord may attempt to take advantage of you. Therefore, it is crucial for you to know what to look for in a leasing agreement and how to negotiate.
As you form your business, a top priority is protecting it from thieves and copycats. You do this by using such legal tools as copyrights, trademarks, patents and agreements on confidentiality, noncompetition and licensed use.
If you rent property to a commercial tenant in Florida, you should prepare yourself for a variety of eventualities. If you ever face the necessity of considering eviction proceedings against a business, it can be helpful to know some basic concepts.