COVID-proof your business today, or pay the price tomorrow. COVID-19 is the biggest threat to humanity in the last 100 years. As much of a threat as it is to your health, it is probably an even bigger threat to your business. If your business is still running at this juncture, then you're doing pretty well but it's no time to rest on your laurels. With the unknowns involved in re-opening [...]
About Eric HsuEric is an entrepreneur, lawyer, and founder of Clear Focus Law. He devotes his law practice to helping owners buy and sell businesses, develop value-enhancing exit strategies, and protect their businesses using custom-tailored contracts. Using cutting-edge digital tools and an obsessive focus on client experience, he makes top-quality legal advice easily available to small businesses throughout eastern Washington.
Business Positions for Your New Business: More Than Just Fancy Titles Proper planning for business positions just means allocating some fancy titles like "president" "CEO" (or "king?") and making sure they make it on to the business cards of founders. Right? Wrong! Business position planning is a hugely important part of both new and growing companies. Mistakes made here can have lasting impacts on the growth of the business or even the [...]
Boost Your Business Value in 2020? 5 Powerful & Proven Strategies. If you've got plans to sell your business in the near future, then one of your priorities in 2020 should be to build its value. While some business owners seem to just take the "keep increasing profits and hope a buyer comes along" approach, that is definitely not the best one. This might be one of the reasons that studies [...]
Avoid These 5 Deadly but Avoidable New LLC Mistakes Did you start a new LLC to operate your business? Congratulations. That’s a big step that will improve your credibility, protect you from liability, and even potentially save big on taxes. However, just having an LLC on paper isn’t enough. There are many important steps that you MUST take to make sure that you get the full protection and benefits of your [...]
The Law on Noncompete Agreements in Washington Changed. Here's What You Need to Know. As a small business owner, noncompete agreements are an important tool. No one can afford to train up an employee, give him access to sensitive company secrets, and risk having him leave to go work for a competitor at the drop of a hat. In Washington state, it used to be that as long as noncompete agreements [...]