The novel coronavirus known as COVID-19 has become a global pandemic and will change business as we know it for the foreseeable future. It will almost certainly throw the global economy into a recession as people start adapting to social isolation and containment procedures. Business owners may be asking themselves whether insurance will cover lost business income caused by COVID-19.…

A properly drafted buy/sell agreement for privately held businesses with multiple owners avoids the risk of costly litigation that can occur when a co-owner departs from the business. The following scenario is an example of the financial risk in not having a buy/sell agreement in place: A business owner (“Buyer”) needs representation in the buyout of her business partner (“Seller”).…

If you are a business owner, you need to make sure that all of your customers, employees, and business contacts are happy. For better or worse, more and more people turn to lawyers when things don’t go the way that they expect. Litigation can be quite costly, both in terms of money and time, so you should do everything that…