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A Few Seconds on Minutes.

Minutes are required by law. Sure, there are no Minutes Marshals who will come arrest you if you don’t do Minutes for your business. But there are consequences, and it’s not worth avoiding your doing Minutes.

Note for the uninitiated: Minutes go into a Minute Book, which is not what you use to teach a child how to tell time. It has no hands clipped together which you move around the picture of the face of a clock.

Rather, a Minute Book is usually a three-ring binder, sometimes with a not-so-catchy phrase  — like “Minute Book” — embossed in gold on its cover.  That gold-leaf stuff is totally irrelevant. [Read more…]

Parents Liable for Internet Bullying

BullyingThe 13-year-old thought he’d have some fun: anonymous “cyber bullying” of a classmate on Facebook.

Eventually, his parents learned of their son’s action. But they ignored it for months.

And now they face civil liability for not dealing with what their son had maliciously created on the Internet. [Read more…]

Selling your Soul, and Other Fine Print

DevilDid you sell your soul?

In 2010 the British game retailer GameStation revealed that it legally owned the souls of thousands of its customers.

If you went on their website to order software on a particular day, you had to click one of those “I accept” buttons on the screen under their contract before you could make your purchase. The contract looked like the usual fine print, and as we all know, most people don’t bother to read that stuff.  

But this language was in it (edited ever so slightly):

“By placing an order via this Web site . . .  you agree to grant Us a non-transferable option to claim, for now and forever more, your immortal soul.  Should We wish to exercise this option, you agree to surrender your immortal soul and any claim you may have on it, within five working days of receiving written notification from Gamestation.co.uk or one of its duly authorized minions.” [Read more…]

Protect the Proceeds of your Company’s Future Sale Now

Sell buttonThe business you’ve been growing is now generating income and making distributions. So it’s not inconceivable that someone (or some people) may want to buy it in the future.

 

But how do you protect what you’ve accumulated until it does sell?  

And after the sale, how do you protect what you receive?
[Read more…]

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