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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 272 min read
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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