Articles written from a legal perspective, which contain information designed to add value to your business by improving your business processes, addressing personnel issues, and other business-oriented topics.

Three Mistakes To Avoid When Selling Your Business

You have spent the last few months, years, or decades of your life building your business. You've poured your time, effort, and a lot of yourself into making the business a success. Now, you're ready to cash out, to get paid, and to move on to the next chapter of your life. Learn how to avoid foreseeable risks and problems when selling your business.

Three Mistakes To Avoid When Selling Your Business 2017-08-17T13:12:54+00:00

How To Be Better Than Google

The consequences of engaging in identity politics are significant and widespread. These consequences are not limited to politics. They touch on business issues, social issues, and, of course, legal issues. So, how can a business address the risks associated with identity politics in a preventive way? And how can that make your business better than Google?

How To Be Better Than Google 2017-08-15T15:03:46+00:00

Trusts Are Not Suitable Replacements for LLCs

The reasons people form RLTs and the reasons they form LLCs are completely different. While RLTs and LLCs have a few features in common, they have more differences than similarities. The bottom line is that RLTs are a great tool for avoiding probate; whereas LLCs (or other business organizations), not RLTs, should be used to manage ongoing business concerns.

Trusts Are Not Suitable Replacements for LLCs 2017-02-10T15:02:28+00:00

Protect Your Million-Dollar Company with One Powerful Decision

This powerful decision will help you protect your million-dollar business by going beyond cutting costs to maximize your company's value. Usually, when it comes to legal services, you'll find that striking this delicate balance between cost and value is not easy, and will require you to foster a relationship with a business attorney.

Protect Your Million-Dollar Company with One Powerful Decision 2017-02-01T11:52:17+00:00

Signet™ General Counsel Legal Service Plans Changing in 2017

We now have three tiers of Signet™ General Counsel legal service plans: an Essentials plan for start-ups and micro businesses, the Advantage plan for most small businesses, and the Ultimate plan for businesses that want our most robust preventive legal solution. Now, with more variety and better scaling, our General Counsel legal service plans will tailor themselves to your business like never before.

Signet™ General Counsel Legal Service Plans Changing in 2017 2017-01-26T15:23:52+00:00

Business Formation Legal Service Plans Changing In 2017

In 2017, our excellent Business Formation and Signet™ General Counsel legal service plans are more affordable than ever. We now offer a greater variety of service plans, a more scalable pricing formula for Signet™ General Counsel, and improved synergy between our Business Formation and Signet™ General Counsel legal service plans.

Business Formation Legal Service Plans Changing In 2017 2017-01-26T15:23:52+00:00

Using General Counsel Well: Three Tips for Entrepreneurs

Sometimes, entrepreneurs have no idea how to work with their General Counsel to protect and add real value to their business. You need to communicate with them about your needs. You need to be clear. You need to remember that they want to help you...

Using General Counsel Well: Three Tips for Entrepreneurs 2017-01-26T15:23:53+00:00

The Maker-Trader Principle

The Maker-Trader Principle, as first stated by me, is: "You can do what you do, or you can do the business of what you do, but most people cannot do both well." Examine your role in your start-up. Are you a maker or a trader? If you are like most people, you're going to need to connect to either a maker or a trader--whichever you are not--if you want to successfully launch a start-up.

The Maker-Trader Principle 2017-01-26T15:23:54+00:00

Is Your Attorney Charging a Reasonable Fee?

I believe what makes a fee reasonable is that each person believes they are receiving something they value more than what they are giving up in order to get it. The client believes the services are more valuable than the money they are paying for them. The lawyer believes the money is more valuable than his time, skill, legal acumen, etc.

Is Your Attorney Charging a Reasonable Fee? 2017-01-26T15:23:55+00:00

A Lawyer’s 7 Laws of Texting in Business (With Commentary)

Our communication, in business, should always be context-appropriate, safe for work, and delivered in the most effective, efficient way possible. Failing to communicate well can lead to business disruption. There are times when texting is appropriate, but using text messages inappropriately is unprofessional and potentially dangerous. Text carefully.

A Lawyer’s 7 Laws of Texting in Business (With Commentary) 2017-01-26T15:23:55+00:00

5 Reasons You Need General Counsel Now

Smart entrepreneurs and business decision-makers find ways to build teams both inside and outside their company to provide them with essential services upon which their long-term success depends. Every single entrepreneur and business needs General Counsel, and here are five reasons why you need General Counsel, now.

5 Reasons You Need General Counsel Now 2017-01-26T15:23:55+00:00

The ExecutiveLP™ Commitment to Affordability

ExecutiveLP™ understands that having options about how and when you pay for legal services can make the difference between having the preventive legal services when you need them, and having to pay too much because you waited too long. Read about our Six Months Same as Cash plan, Military Discounts, and our Commitment to Affordability Program.

The ExecutiveLP™ Commitment to Affordability 2017-01-26T15:23:55+00:00

Do Entrepreneurs Get “Snow Days”?

Entrepreneurs don't really get "days off" in the way most people do. The reality of the life that has to be balanced against the job, though, is that there are other opportunities, too--life opportunities, opportunities to slow down and enjoy the freedom self-employment offers. Snow days are an example of such an opportunity.

Do Entrepreneurs Get “Snow Days”? 2017-01-26T15:23:55+00:00

Three Simple Solutions for Managing Legal Risks

When we observe that legal risk is everywhere, it's not a scare tactic; that's just the reality in living in our litigious, over-regulated society. As a businessperson, you can acknowledge the reality in which you live and adapt to it, or you can stick your head in the sand. Managing legal risk is about preemptively spotting and plugging holes. Read three simple steps to make sure you don't look like an ostrich in a suit.

Three Simple Solutions for Managing Legal Risks 2017-01-26T15:23:56+00:00

Is Becoming a Franchise Right for Your Business?

Is becoming a franchise right for your business? Deciding to start a franchise really does not depend on what goods your business produces or what kind of services it provides; rather, whether your business is franchise-eligible largely depends on how well you can instruct others to replicate the business of what you do. We present five questions to ask yourself if you are curious about franchising your small business.

Is Becoming a Franchise Right for Your Business? 2017-01-26T15:23:56+00:00

Your 2016 New Year Solutions

This year, don't just make resolutions. Instead, actually focus on real solutions. Legal solutions, like Signet™ General Counsel legal services from ExecutiveLP™, are a necessary part of the support your business needs. Our Signet™ General Counsel legal service plan has been carefully crafted to be the can't-live-without, essential legal solution for small businesses in search of General Counsel at a reasonable price.

Your 2016 New Year Solutions 2017-01-26T15:23:56+00:00

Writing Liquidated Damages Clauses 101

Penalty clauses are not economically efficient. This is why penalty clauses are not and should not be enforceable. That's not to say the parties are without a remedy for breach of contract--far from it! In fact, liquidated damages are the norm; sometimes, even specific performance can be required to cure a breach of contract. Read our three tips for effectively using liquidated damages clauses.

Writing Liquidated Damages Clauses 101 2017-01-26T15:23:56+00:00

Finding Value in the Multifaceted Role of General Counsel

Today, General Counsel attorneys do more than ever before for the companies they serve, because the need for excellent General Counsel has never been higher. In this article, learn how General Counsel attorneys bring value to your company by serving a diverse array of needs each company has.

Finding Value in the Multifaceted Role of General Counsel 2017-02-13T12:04:00+00:00

We Hate the Billable Hour and You Should Too

Executive Legal Professionals HATES the billable hour. Here are three reasons you should hate it too. Incentives matter, and minimizing use the billable hour has brought my incentives in line with my clients’ incentives and improved my ability to add value in the matters for which they have hired me.

We Hate the Billable Hour and You Should Too 2017-08-15T16:54:55+00:00

HALF

Nashville, TN--Business attorney Noel Bagwell asks & answers: "Is Your Ex Entitled to Half Your Business," and discusses how to keep them from taking HALF.

HALF 2017-01-26T15:24:07+00:00

Get Thee a Buy-Sell Agreement

Atlanta, GA--Business attorney Bradley Stephens, writing for Executive Legal Professionals, discusses buy-sell agreements and business succession.

Get Thee a Buy-Sell Agreement 2017-01-26T15:24:16+00:00

Employment Contracts in an At-Will Employment State

Nashville, TN--Business Attorney Noel Bagwell shares, in this article, why operating your business in an at-will employment state is a bad reason to choose not to use well-drafted employment contracts.

Employment Contracts in an At-Will Employment State 2017-01-26T15:24:27+00:00

Avoiding the Number One Property Management Mistake

Nashville, TN--Business Attorney Noel Bagwell shares how to avoid getting burned by using do-it-yourself leases, out-of-date leases, and making other bad legal decisions in your property management business.

Avoiding the Number One Property Management Mistake 2017-01-26T15:24:27+00:00