What is ERM? The “ERM” abbreviation for Enterprise Risk Management has a firm place in the management practices of larger business organizations. There may be some variation in specific objectives across ERM programs, or in the key process steps of the program, but all ERM frameworks involve identifying and naming risks impacting a business, understanding [...]
As owner or CEO of your company, are you responsible for approving every contract before it’s signed? Does this lead to a logjam of unsigned contracts in your in box? Use a Delegation of Authority Policy to streamline your company’s contract approval process and to manage the authority you might give other employees to create [...]
One of the most important elements of a contract is the “term” – that is, the length of time the contract is scheduled to remain in place. Sometimes the parties to a contract heavily negotiate the length of the contract. But many times, they don’t give enough consideration to it when negotiating this important contract [...]
If you are listed as the owner or contact on a trademark application or registration, chances are you’ve received unsolicited correspondence about the trademark. These unsolicited emails or letters may offer to help with an upcoming filing deadline or ask for money to register or maintain your trademark. Many of these communications are trademark scams. [...]
Whether you just formed a new company or whether your company has been around for years, you may need to file an annual report soon. Overlooking this routine filing can have serious consequences. If your company is required to file, you can easily avoid these consequences by knowing the states that require the filings, tracking [...]
One of the most basic corporate housekeeping responsibilities is for a company to appoint and maintain the right registered agent for its business. The choice of a registered agent involves several key considerations. Every company should take the decision seriously, especially given the consequences of choosing wrong. Does My Business Need a Registered Agent? A [...]
Dear Business Owner, Behold Your 401(k) Plan Responsibilities! As a business owner who wants to attract and retain top talent, you’ve decided to offer your employees a 401(k) plan to help them save for retirement. Employers with 401(k) plans benefit from these retirement plans in other ways, too, but with those benefits come important responsibilities [...]
Once you have reached the stage of business where you have a team of employees and a strategic set of goals to carry out, you will likely find having a set of guiding policies and procedures crucial. These documents serve as both a northern star and foundation for progress. You can tackle these documents on [...]
In its most literal meaning, the definition of organizational culture is described as the values and behaviors that contribute to the unique social and psychological environment of an organization. Organizational culture encompasses many elements and is both concrete and dynamic. By today’s standard, every company should pay close attention to their organizational culture. Companies should [...]
Would you believe it if we told you that many businesses operate under a fictitious business name? Fictitious naming serves various purposes and is more common than you realize. Let's learn what a fictitious business name is, why they're useful, how to obtain one, and more. What is a fictitious business name? Fictitious names are [...]
