It’s important to seek professional advice when making this decision, but it’s also important to have a general understanding of the choices available. There are basically six options.
Most states assume an “at will” employer/employee relationship which means employers can terminate an employee at any time and for any reason; an employee can quit for any reason; and “cause” or motive for ending the employer/employee relationship is generally irrelevant. There are, however, circumstances under which entering into an employment contract makes sense. [Read more…]
An employment contract is a written legal document that lays out the binding terms and conditions of employment between an employee and an employer. Employers don’t have to enter into a written contracts with every employee they hire. In fact, written employment contracts are generally the exception rather than the rule. In some situations, however, it makes sense for an employer to ask an employee to sign an employment contract. [Read more…]
By definition, non-profit corporations exist not to make money but to fulfill one of the purposes recognized under federal law: charitable, religious, educational, scientific or literary activities. Under the law, as long as a nonprofit is organized and operated for one of these recognized non-profit purposes, it can make a profit.
A successful joint venture allows two individuals, corporations, or governmental entities to achieve a marketplace success they would not have been able to achieve alone. Properly chosen and implemented, joint ventures can be a great way for businesses to get in on opportunities and profits it would otherwise miss out on. [Read more…]