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Small Business Legal Matters

As a small business owner, you know the only thing that’s certain in business is that the unexpected will happen. Preparing for these unexpected events is therefore one of the most crucial parts of your role as business owner. After all, no one else is going to help you anticipate the challenges you will face in the course of doing business, and some of your competitors might even be hoping that you don’t anticipate them so your business will fail.
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It is not a widely known fact, but company directors can receive statutory redundancy pay from their limited company under certain circumstances. If your company becomes insolvent and has to be liquidated, whether this happens on a voluntary basis or forcibly via a creditor’s winding-up petition, you may be eligible to make a claim.

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No matter how careful you try to be, your business is sure to face at least some legal issues. Up to 53 percent of all small businesses are involved in at least one lawsuit or a legal issue in any given year, and those events can bring a company to a grinding halt. These four measures will help you protect your business from indictments and lawsuits. Ogborn Mihm highlights the ways in which you can protect your business.
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Whether you work for yourself or run a small business, the most difficult thing to manage is cash flow. So, what can you do if you are owed money and the person is ignoring all your phone calls and letters? Firstly, don’t panic! Late payments has become part of the small business culture, but there may be some who try to evade making payments. This is when you will need to look at the debt collection, and really take what is yours.

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In the latest report by the FSB (Federation of Small Business) it was found that a large number of small businesses are still unprepared for GDPR (General Data Protection Regulation). Over half of the respondents either had not yet started preparing for the legislation to go into effect or were only at the early stages of compliance. To combat the lack of compliance, the FSB has launched a campaign to get small businesses compliant before the deadline. The countdown has begun, and the GDPR deadline is well under a 100 days away.

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GDPR is approaching, prowling behind us, waiting. On May 25, 2018, it’ll pounce. Despite this looming deadline, 52% of companies still don’t feel ready, expecting to be fined for non-compliance.

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In the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, it was found that nearly three quarters of the 4,103 organisations surveyed, lack strategy when it comes to cyber security. 73% of organisations are deemed cyber novices, with the three categories being ‘cyber novice’, ‘cyber intermediate’ and ‘cyber expert’, and only 11% of organisations that participated in the study were deemed cyber experts.

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Data breaches and the protection of data has never been more prominent in the business world. Data breaches can be in the form of data theft or the loss of data through other means, whatever form they take, they can be detrimental to businesses. With GDPR going into effect May 2018, businesses need to do all they can in order to comply with the regulation. One of the major parts of the regulation is to ensure the protection of data or facing dire consequences.

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Would you rather have one Lamborghini or three Ford Fiestas? It’s all about quality over quantity; a well known concept that can often be overlooked in sales and marketing. Here, Howard Williams from Parker Software explains why it is better to have a database of 100 high-quality leads, rather than thousands of dead ends, and how imminent changes to General Data Protection Regulations (GDPR) will help you achieve this clarity.
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The General Data Protection Regulation (GDPR) is the new regulation introduced by the European Union which will be effective as of May 2018. The idea behind the new regulation is to give the public control of their data, as well as encouraging businesses to be more proactive in protecting and handling data in a more secure way. Although, the date of the regulation going into effect is fast approaching; businesses are not prepared.
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GDPR is the new regulation that all business owners need to be aware of. So what exactly is GDPR and how will it effect business owners, from small businesses to bigger organisations? This introductory article on GDPR will prepare you for the upcoming regulation.
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For most businesses, handling an employee’s confidential data can present a number of challenges. It is important to educate the team on the importance of handling data to ensure confidence to not have to face any of the legal implications of a data leak.
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Running a business is certainly no walk in the park, as it’s fair to say you’ve got quite a few things to manage. Management skills alone though aren’t enough to secure success, there are a number of essential attributes needed to run a business and put it on the right path.
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Employees are easily the most important asset to any business. As an HR specialist, your job is to ensure that they are working to the very best of their capabilities. In most cases, that means using better time management to ensure productivity reaches an all-time high.
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If your company has experienced late payment problems, a statutory demand may prove to be a very useful method to encourage clients and customers to settle any outstanding debts. Here we look at what a statutory demand is, and the steps you must take to ensure that your demands are issued correctly.
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Issues surrounding employment law can be a potential minefield for employers – especially if you don’t follow the right procedures. Here, Kirsty Burgess from citrusHR explains what small business owners need to bear in mind if they decide to dismiss a member of staff.
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The internet is amazing; it has all the information that we would ever need at just a few clicks. But with easy access to information, there’s also the increased risk of breaching copyright – and we can be guilty of copyright infringement without even realising.
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You might have seen workplace pensions in the news recently, including the recent ad campaign from the Department of Work and Pensions. Here we look at what all small business owners should know about the pensions auto enrolment rules.
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The authors of a must-read book, Sort Your Brain Out, explain how harnessing stress in the right way can be beneficial to business owners, and why chronic stress should be avoided at all costs.
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Commercial solicitor Leigh Ellis explains what happens when a breach of contract occurs in business. Typically the injured party can either terminate or affirm (continue) with the terms. But, what happens if delays occur?
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