It's expected that everyone who has an income will file income tax returns unless the income is below the annual threshold for having to claim, or it is a type of income that doesn't require reporting. It's imperative that anyone who is having to deal with income taxes know to handle them.
When you are being investigated for fraud or may have some role in a fraudulent activity, then you should do everything you can to defend yourself. Fraud allegations are serious. They are often investigated by the Federal Bureau of Investigation and may lead to felony charges.
Forming a business is a big step. For many people, going it alone is too scary of a concept and, therefore, may prompt them to bring in a partner. While going into business with your best friend, peer or significant other may sound like a wonderful idea, the truth is you may not be able to count on that relationship if, and when, times get tough.
The internet is a very valuable tool for businesses, but it can also do damage to your reputation and revenue quickly. Online brand reputation management has developed into a full-fledged industry of their own, with some companies paying outside specialist businesses hundreds or thousands of dollars to challenge or correct negative reviews and ratings they have previously received.
Most business owners understand the value of patents, trademarks and other forms of intellectual property. So it likely comes as no surprise that the world's most iconic rock songs can command some hefty licensing fees. But what if you learned that dozens of the genre's greatest solos could be free for the taking?
Anyone who has ever made a major purchase on credit, signed onto a mortgage or dealt with a service company knows what "breach of contract" is all about. If either party fails to live up to the terms and provisions of the contract (either in letter or spirit), the other party may seek restitution through the courts. Compensation may include more than just the dollar value of the financial losses, but may incorporate damages for future financial losses, legal fees, pain and suffering for injuries/death and under specific circumstances, even punitive damages.
You want to ensure that your employees have what they need to do their job well, and you want them to be loyal to your Colorado business. You definitely don't want disgruntled employees who will file frivolous lawsuits, wasting your time and money and putting your company's good reputation at risk. Although you cannot keep everyone happy all the time, you can make it difficult for an employee to take you to court over an issue that you could have resolved, had you been given the chance.
We all have our favorite "ridiculous" lawsuit that we like to talk about around the water cooler. While most seem too bizarre to be true, the fact remains that some lawyer somewhere in the country found enough evidence of liability to accept the case...and some judge agreed to let it proceed through their court. After all, remember the lawsuit against McDonalds for serving coffee that was too hot? Well, as frivolous as it sounded at the time, the jury ruled that the coffee was, indeed, too-hot-to-handle and the plaintiff was awarded damages for burns in her lap. When the facts of the case are scrutinized, there really was enough evidence to allow the lawsuit to go forward.
If you are a small business owner, you are not a stranger to taking risks. As a business owner, it's imperative to take the appropriate steps to minimize the chance of something going wrong, such as avoiding costly, unexpected lawsuits Here are six things you can do to limit the possibility of lawsuit.
Forming a business is a big step. For many people, going it alone is too scary of a concept and, therefore, may prompt them to bring in a partner. While going into business with your best friend, peer or significant other may sound like a wonderful idea, the truth is you may not be able to count on that relationship if and when times get tough.