Residents of Baton Rouge who are interested in starting a business must chose a legal form for that business. In doing so, they are immediately confronted with a confusing array of business law abbreviations, including, "corp.," "inc." and "llc." They may also come across terms such as partnership and limited partnership. What does it all mean?
Over the last two or three decades, non-compete agreements have become a common feature of employment contracts in almost every state. Many states, including Louisiana, have statutes that strictly define the terms and conditions under which such agreements can be enforced. The enforceability of such agreements has become an important issue in business law.
Our readers may have had the experience of discussing plans with another person only to walk away believing that they were in agreement about their intentions, but later to find out that they had different expectations for their strategies. For example, two people may agree that they will purchase an item together, and while one person may believe that they will share equally in the cost of the purchase, the other person may believe that they will be providing less of an investment in their joint purchase.
The decision to start a business is a big one and can have drastic legal and financial implications on the rest of a person's life. That is because if a business is not set up correctly, any liability that the business incurs can directly impact the financial health of the individual who was responsible for the start-up. For this reason, it can benefit Louisiana residents to get the help of business law attorneys when they are preparing to select the appropriate business structures for their new entities.
Most people generally understand the term "fraud" to mean something purporting to be what it is not. A person may be considered a fraud if they claim that they have skills they do not actually possess, or a product may be a fraud if it is styled to deceive consumers into believing that it is a more valuable item that it actually is. Fraud exists in the world of business contracts, too, and readers of this Louisiana legal blog may have run into the challenging problem of fraudulent misrepresentation in their commercial agreements.
A business in Louisiana may only be as good as the people who work for it. Businesses have an interest in hiring the right people and retaining them so that they may help the companies grow and prosper. Getting a good interviewee to agree to a position with a business can begin with preparing a solid employment contract. There are employment contract terms that are specific to particular industries, but an overview of terms that should usually be included in most employment contracts and that business law attorneys can help their clients incorporate into their hiring documents can help companies in Louisiana.
Starting a business is a dream that many Baton Rouge residents have. After all, who wouldn't want to be their own boss, work in an environment of their own making and pursue a long-held passion all for an income? A successful small business can become not only a way to make a living, but also a legacy that a person may pass down to their children.
In order for a Louisiana business to operate effectively it undoubtedly may have to enter into agreements with vendors and other entities. For example, a restaurant that wishes to serve fresh fish to its patrons may establish a contractual relationship with a fish monger for the regular delivery of certain items that the restaurant wants to keep on its menu. The fish seller and the restaurant may create an agreement for deliveries every Monday and Thursday at a certain time and for a certain fee.