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Protect Your Business From a Whistleblower – AmeriLawyer.com

Protect Your Business From a Whistleblower – AmeriLawyer.com published on

Protect Your Business From a Whistleblower

What is a whistleblower?

A whistleblower is a person who exposes a private or public organization’s confidential information or activity that is considered illegal, unethical, or incorrect. Whistleblowers report organizations that break the law, engage in fraud or corruption, or pose a threat to public interest or national security—but also, violations of company rules and policies as stated in legal documents such as corporate bylaws or LLC regulations may constitute grounds for whistleblower allegations. Laws are in place to protect whistleblowers from facing legal, criminal, and social repercussions, regardless of whistleblowing classification as public or private. Laws are in place to protect whistleblowers from facing legal, criminal, and social repercussions, regardless of whistleblowing classification as public or private.

whistleblower

HOW TO PROTECT YOUR BUSINESS FROM A WHISTLEBLOWER

Companies cannot use any clause, term, or provision that prohibits whistleblowers from reporting any illegal, unethical, or incorrect information, practices, or activities; confidentiality agreements do not trump a whistleblower’s rights. The best way to protect your company from a whistleblower is to be aware of and follow constitutional, criminal, and employment laws—among others that pertain to your business and legal jurisdiction. Certain industries have more potential risk for whistleblower claims than others; healthcare businesses, non-profits, and government contractors. A proactive method of protecting yourself against whistleblowing is to implement a complaint policy that outlines how matters will get handled. Make it easy for them—even incentivize transparency for them to come forward about their concerns with you instead of a third party.

Get Legal Advice

If you have a whistleblower case on your hands, do not fire or demote that person, don’t ignore, reprimand, deny, or exclude an employee; don’t treat him or her any differently from the rest of your employees. Remember, the best way to protect your company from a whistleblower is to know the law. If you are a member of our General Counsel Club, you can call (800) 734-9900 for unlimited legal, business, credit, and tax advice; legal knowledge is one of the best insurance policies you can get.

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Roger Davis

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My attorney for 30 years. They really do more than just set up corporations. I needed somebody to help me out of a serious legal matter they were able to take on the case for less than 1/2 of what the other attorney was charging me. Become a member of their Club it's like a hundred forty bucks a year and you get all the free legal advice you want. What a cheap insurance policy. I am so glad that I have them on my side.
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How Hard Would It Be to Purchase a Business?

How Hard Would It Be to Purchase a Business? published on

Where Should You Start?

Start a Business

Before you purchase a business, you have to ask your self the following questions:
How do I find out what a business is worth?
How can the sellers client list benefit you?
Can I get a line of credit to help me with the business?

Lets explore some of these questions, and hopefully get you into your business with a great deal of confidence and a very large profit.  Spiegel & Utrera can help guide you with the purchase and Start Your Business Today.

How do I find out what the business is worth?

So, what is a business worth? That question is only answerable by you. A business should be work a year’s profit. Can you operate that business and make that income? What are your abilities to either sell the yearly estimated profit or perhaps more? You would actually have to do some investigating to find out how the seller has been operating their business. Does the business come with a client list? Does the purchase include the equipment in the business? The equipment is a good asset, but it has to be usable What is it worth today?

How can the sellers client list benefit you?

If the seller has a client list, this can be valuable. The client list will enable you to reach out to each client ans assure them that their level of service will continue and get better.  This client list has many familiar users who can also spread the word about the new owner and help promote your business by word-of-mouth.

How can I get a line of credit toward the business?

Purchasing a business and registering it as yours can potentially open the floor for a business line of credit.  With a healthy client list, business model and hard work it should be easy enough to obtain the line of credit for your new business

ARE YOU READY TO START YOUR BUSINESS?
INCORPORATE TODAY AT WWW.AMERILAWYER.COM
Not Ready? Have More Questions?
If you are a member of Spiegel & Utrera, P.A.’s General Counsel Club and have business related questions, call (800) 734-9900 or ClubAssist@AmeriLawyer.com for assistance. Remember, as a member of the  General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We will assist you with Incorporation Service, Trademarks, Copyrights, Estate Planning, Legal Counsel, Wills,Trusts, Agreements & Leases, Corporate & Company

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Recover From The Loss Of A Business Partner

Recover From The Loss Of A Business Partner published on

The death of a business partner is devastating.  After the memorials have been completed and funeral held, the time has come to think about what is left in his aftermath.  It is  pretty common, that when dealing with a partnership, one of the partners specializes in one area while you specialize in another.  How do we move on from such a difficult time?  In this segment, we are going to discuss restructuring a business, what is the business worth, going through property in probate to determine who the business will be passed on to, and continuing to make the business prosper. 

Business Must Go On!  What Do You Do Now?

As you leave the office of the lawyer, you have been informed that your partner left a will.  His son was given his share of the business.   The restaurant, Smokey’s Ribs and Burgers, is now in limbo. Fortunately, his son is willing to sell his share of the business to you.  After going through probate, you sit with the son and determine what he expects to receive from his share of the business.  How much is he asking for it?

Purchasing a business

In conversation, you both agree that you will purchase his part of the business, but what is it worth?   One of the best ways to determine the worth of a business is to investigate it.  You should find out how is business conducted and how is it reported?  First, carefully review all paperwork related to the business and its finances.  This will assist you with evaluating the value of the business.  You can also study the business in person to see how the seller runs their business.  Also, you may want to study its demographics as well.

Business Partner

Once you agree on the price, you and the decedents son must make a contract to sell the business to you.  Moving forward, the next decision is how does the business operate moving forward?  Do you find a new partner? Do you change the type of business to a S- Corp?   Each situation is different, but it may be wise to go see an attorney to determine which entity is better for your situation.

Adding A Vehicle To the Business

The restaurant does well on its own, but with the rise in food trucks you decide to venture out into this uncharted territory.  At this time, you meet a young man who has agreed to cook for you on the food truck.  His past experience with your competition is a great asset to the business.  You have a few questions, Is it legal to have his past patrons follow him to this truck?  The answer is yes.  If your new employee happened to have personal contact with these clients or is able to advertise on his own social media, there is no wrong doing in this.

** Building a business is difficult, but recovering after a loss, can be devastating for a business.  It is important to remember to keep your head up and reach for the moon.  Even if you come up short, you will still be among the stars.

Visit our YouTube channel for more information.

ARE YOU READY TO START YOUR BUSINESS?
INCORPORATE TODAY AT WWW.AMERILAWYER.COM
Not Ready? Have More Questions?
If you are a member of Spiegel & Utrera, P.A.’s General Counsel Club and have business related questions, call (800) 734-9900 or ClubAssist@AmeriLawyer.com for assistance. Remember, as a member of the  General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We will assist you with Incorporation Service, Trademarks, Copyrights, Estate Planning, Legal Counsel, Wills,Trusts, Agreements & Leases, Corporate & Company

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