Over the coming weeks, The Wagoner Firm will be taking a deeper look at different entity structures from today’s post on corporations to s-corporations, limited partnerships and limited liability companies. When researching the best entity for your business, corporations are a good place to start. Corporate structures provide centralized governance, in addition to protecting owners from …
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Is My Non-Compete Agreement Enforceable?
Enforceability of Non-Compete Clauses — A couple decades ago, non-compete clauses in employment contracts were not very common, only being used in high-level corporate contracts in order to protect confidentiality and secrets of those large companies. Today, however, non-compete clauses are almost a standard in employment contracts, used to protect all kinds of businesses from …
Protecting Customer Lists as Trade Secrets?
What is a Trade Secret? The basic textbook definition for a trade secret is any intellectual property such as know how items including formulas, recipes, processes and confidential information that gives the owner a specific competitive advantage. A very important detail of this definition is that this information is not generally known to the public …
Do I Need to Form a Business Entity?
This question deserves significant consideration of the goals and preferences of your business. Although you don’t need to form a business entity to do business, there are several important reasons why you should consider forming one. At the outset, doing business in your personal capacity – in the form of a sole proprietorship or a partnership …
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