Business disputes happen. But not all disputes need to go to court. When a small business faces a breach of contract by a vendor or customer, the decision to file a lawsuit is not one to be taken lightly. Here are some factors to consider: •  Evidence: Do you have solid evidence of the breach? This…

In an era dominated by digital information, understanding and leveraging e-discovery tools can make or break a case for businesses of any size. E-discovery, the process of identifying, collecting, and producing electronically stored information (ESI) for litigation, has revolutionized how legal teams approach evidence gathering and case preparation. For small businesses, though, navigating the complexities…

Arbitration provisions are increasingly common in contracts, offering an alternative dispute resolution mechanism. In deciding whether to include an arbitration provision, small businesses should consider the following: While arbitration provisions offer a viable alternative to court litigation, they are not without their drawbacks. Small businesses should carefully consider these factors before opting for arbitration in…

Generative AI, a subset of artificial intelligence, is getting a lot of attention lately, and for good reason. Generative AI, like ChatGPT, is being offered by Google, Microsoft, OpenAI, and others under various names. It has the potential to revolutionize small businesses. Small businesses should consider the pros and cons of generative AI before implementing…

New regulations now require businesses to report their beneficial ownership. This move towards transparency aims to reveal the individuals who ultimately own or control a legal entity, preventing misuse of legal entities for corruption, tax evasion, and money laundering. Businesses must provide detailed information about their beneficial owners, including their name, date of birth, address,…