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Operate Your Business
Posts about legal issues related to operating a small business


What's Missing from Your LLC's Operating Agreement?
The Issue : Off-the-shelf Operating Agreements don't contain provisions to help resolve three common challenges. Owners will spend a lot...
Joel Ankney
Jun 27, 20252 min read


FTC Non-Compete Model Notice Language
Federal law requires employers to notify workers that their non-competes are no longer enforceable
Joel Ankney
Aug 14, 20242 min read


No More Non-Competes for Most Employees and Contractors
Businesses subject to the new FTC non-compete rule must (1) no longer use post-employment non-compete agreements, (2) provide notice to workers who have existing non-compete agreements that those agreements are now unenforceable, and (3) not enforce existing non-compete agreements against workers.
Joel Ankney
Aug 14, 20242 min read


The Costs of Contract Enforcement
Contracting parties should take into account and resolve to be ready to incur and pay the costs of enforcing a contract, including the costs of preparing a well-drafted contract, the costs of responding to a breach, and the costs of filing a lawsuit and negotiating a settlement to the dispute.
Joel Ankney
Feb 28, 20223 min read


3 Tips for Confidentiality Agreements
You might be asked to sign a confidentiality or non-disclosure agreement if you are exploring the purchase or sale of a business, a joint...
Joel Ankney
Nov 16, 20212 min read


Is Your DIY Contract Enforceable?
I get it. You probably have a degree or two. You've probably looked at a lot of contracts in your career. You probably write well. It's...
Joel Ankney
Mar 13, 20213 min read


Do I Need Originals?
When you sign a contract, do you need to have an "original" - i.e., one contract with the original signatures of all the parties - for it...
Joel Ankney
Mar 13, 20212 min read


Where Did You Get That Photo?
See that photo? I have permission to use it on my blog because permission to use the photos in my web development platform's library is...
Joel Ankney
Mar 13, 20213 min read


Do Your Company's Legal Documents Support Your Special Status?
Have you set up your company to qualify for a special status, such as a women-, veteran-, or minority-owned business? If so, do your...
Joel Ankney
Mar 13, 20212 min read


The Custom and Courtesy of Blacklining
I was working on my first deal as a young lawyer. I represented the buyer. The lawyer representing the seller drafted the purchase...
Joel Ankney
Mar 13, 20212 min read


A Proposal Makes a Poor Contract
Catherine’s consulting business routinely provides written proposals to prospective clients. Her practice is to have clients accept the...
Joel Ankney
Mar 13, 20212 min read


The Value of "Don't Do It" Advice
How much would you pay a lawyer to tell you not to do something? A doctor wanted to buy a medical practice from the wife of a doctor who...
Joel Ankney
Mar 13, 20212 min read


How to Protect Your Ideas When You Pitch
In a perfect world, the best way to keep a prospective client from taking ideas you share during a pitch is to have the prospect sign a...
Joel Ankney
Mar 13, 20212 min read


An LLC Won't Protect You from Your Negligence
An LLC is a great tool for shielding your personal assets from your business liabilities, but it won't protect you from everything. It...
Joel Ankney
Mar 13, 20211 min read


Is Mediation a Good Alternative for Resolving Business Disputes?
If the mediation is a negotiation facilitated by a neutral third party who can help each party see the strengths and weaknesses of its position and evaluate the likelihood of success and value of the claim, then I think mediation is valuable. Even if the mediation does not result in a settlement, each party walks away with valuable information that might help them negotiate a settlement later on.
Joel Ankney
Mar 13, 20212 min read


Where Are Your Corporation/LLC Documents?
You might need to provide copies of key company legal documents, such as Articles of Incorporation, a Certificate of Incorporation and Bylaws for a corporation or Articles of Organization, a Certificate of Organization and an Operating Agreement for an LLC
Joel Ankney
Mar 13, 20212 min read


Can a Letter from a Lawyer Change Behavior?
A lawyer's letter is a valuable tool, but, in my experience, rarely changes behavior if it's the only tool used. Instead, the lawyer's letter is just a step in the process.
Joel Ankney
Mar 13, 20212 min read


New Virginia Laws About Independent Contractors
Virginia is now on the cutting edge of the employee versus independent contractor debate, and that could create a lot of legal problems...
Joel Ankney
Mar 13, 20212 min read
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