The last thing most founders think about when they start up a company is selling it. If one of the possible exit strategies is to sell your company, you should be thinking about the documentation you’ll need for a successful business sale from the very beginning. It may be years down the road but the […]
Using Phantom Stock in a Family-Owned Business to Attract Employees
Like any business, a family-owned business has a strong incentive to attract, retain, motivate and reward key employees. A competitive salary and benefits package may not be enough to do this in today’s market. Many businesses offer equity incentive plans to employees as a form of long-term incentive compensation. For many family-owned businesses offering stock […]
Biggest Threat to Your Company’s Trade Secrets
For many people, trade secret theft evokes images of an international technological superspy using complex cyber-tools to engage in corporate or national espionage in cyberspace to steal the crown jewels of company or country. In reality, the more common, less dramatic and yet more dangerous threat to a company’s proprietary information comes from within. Current […]
Protecting Your Trade Secrets Where State Law and Federal Defend Trade Secrets Act Meet
When it comes to protecting your company’s trade secrets, one of the most important remedies you can secure is a court order preventing a former employee from making use of the trade secret for the benefit of a competitor. From your perspective, it’s impossible for an employee who received your company’s crucial business information to […]
Final Pay Rules When Employees Retire
The California Supreme Court has held, in a case of first impression that the state’s final pay rules for retiring employees apply in the same manner as to employees who quit. This is an important clarification ofCalifornia employment law
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