If you’ve spent any time online, you’ve likely entered into hundreds of legal contracts without ever understanding what they mean, or what obligations they may involve. Did you read the full Facebook or Google terms and conditions when signing up for an account? Do you know the types of legal claims you’ve voluntarily agreed to waive? That’s what we thought. When you’re dealing with things like personal social media accounts, the risks of signing up without reading the full terms are relatively small. More of your personal information may be shared than you expected and your potential claims may be limited, but it’s unlikely that your failure to read the terms will have life-changing consequences. Unfortunately, if you take the …
Clarity Sessions: Get Quick Answers to Legal Questions Facing Your Business
Business owners make hundreds of decisions over the course of a single year. In some cases, a single poor decision can have devastating legal consequences. In an ideal world, business owners would consult with a legal professional before every decision is made. This would be the best way to ensure that legal risks are minimized as much as possible. But booking an appointment, especially for quick legal questions, is not always feasible. Lawyers aren’t known for being easy to deal with. It’s often difficult and time-consuming just to book an appointment with a lawyer, let alone attend a meeting at their office. There’s also the fear that the lawyer will issue a big bill, just for a quick consultation. We …
Making the Switch to Digital Minute Books
All corporations are required to keep detailed corporate records. These records are kept in what’s called a corporate minute book, or corporate records book. Why are Minute Books Needed? Maintaining corporate records in a minute book is important for several reasons. First, it ensures that rules governing the corporation can be accessed as and when they’re needed. If you need to see if there are restrictions on what a corporation can do or how it makes decisions, check the minute book. Second, it ensures that there is a clear record of who the shareholders or owners of the corporation are at any time. Without a central place for keeping such records, it would be difficult to determine how many shares …