Breaches of fiduciary duties happen more frequently than many people might realize. Often, the violation occurs because of a lack of awareness rather than bad intentions. When one realizes that a fiduciary duty was not met, it is best to take immediate action to mitigate the damage and correct future conduct.
Category: Business Law
Protecting your Small Business: Types of Fraud to Look Out For
Catching fraudulent activity can make the difference between your small business making a profit and going bankrupt. Sadly, many people target small businesses because they do not have the manpower to oversee things as carefully as some larger corporations. Larger companies can better afford the software and other strategies that can detect...
Why S Corporation Status Makes Sense for a Number of Small Businesses
If you own a small business, you might want to consider forming an S corporation because it offers several advantages for the small business owner. You should carefully evaluate the pros and cons of the various business structures available and choose the best option for your situation. For some companies, a sole...
What is Misappropriation?
In a business setting, misappropriation usually focuses on the embezzlement of funds and stealing trade secrets. These white-collar crimes are taken seriously by law enforcement. A conviction could mean facing steep fines and a lengthy incarceration.
If you suspect that one of your employees has misappropriated funds or trade...
Red Flags to Look Out For in a Contract
It is impossible to do business today without having to deal with contracts. Many people just skim contracts because these documents usually contain far too much legal mumbo-jumbo, but not reading and understanding a contract could cost you.
If you do not read a contract carefully, you might not...
Why a Lawyer is Necessary for Your Small Business
Many small business owners never think to consult a Miami business attorney until they encounter legal problems. However, having an attorney’s advice and guidance can help avoid legal problems. In addition, the money you think you save by not hiring an attorney for your small business could cost you much more...
Common Types of Business Torts
When you run a business, there are always risks involved. While you do your best to follow the law and operate within the bounds of what is allowed, sometimes things can go wrong. You may find yourself on the receiving end of a business tort suit. This can be a frightening prospect,...
Common Contract Breach Defenses
When one party breaches a contract, it can be costly for the other party involved. Depending on the situation, there are a variety of defenses that can be used to fight a breach of contract claim. This article will highlight some of the most common defenses used in business disputes. If...
Types of Severe Wind Damages on Rooves
Florida is prone to storms, including hurricanes and tropical storms. These devastating storm systems can cause extensive damage to business property. Even though hurricane-force winds can cause the most damage, wind gusts far below hurricane force can still cause significant damage to business rooves.
Dealing with the aftermath...
Breach of Contract by a Business Partner
When things go wrong in a business relationship, and your business partner does something that could hurt your business venture, you might wonder what you can do about the situation. Also, you might have questions about what grounds there are for filing a lawsuit against one or more of your business partners.