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In this week's episode, Nasir and Matt welcome attorney Mark Wisnosky to discuss the ongoing legal battle involving patents on podcasts and legal crowdfunding. They also talk about a class action lawsuit against Read More
The best falafel in the world comes from a food truck just north of Grand Central Station.  Whatever is in the squeeze-bottle white sauce will make you cry (with happiness, I should be clear).  Tempted to chuck the day job?  Already cooking?  Either way, you need to be aware of the legal environment. Food truck law is shaped by the battle between mobile vendors and brick-and-mortar restaurants, it changes rapidly, and it is very local.   Consumers consider things like quality, safety and convenience. 
Entrepreneurs are understandably cautious about the cost of legal advice.  Beyond expense, there is a lot of justified criticism about unresponsiveness, over lawyering and a general deal-killing attitude.  Large traditional large law firms are designed to deal with large traditional businesses and are not well adapted to the lean and changeable start-up world.  Legal DIY can be worse, though.  The small businessperson who buys a form from an online service and fills it out to create a corporation

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Need a contract drafted or reviewed? Need to terminate an employee? Need business legal advice on structuring your business or maintaining regulatory compliance? Whatever your legal needs, General Counsel Select has your business covered, all with a commitment to no hidden fees and no surprise bills.

In the best of all possible worlds, you would never have to fire an employee. It is a situation most employers dread, not only because of the personal trauma, but also because it represents a failed investment in hiring and training. Employers, perhaps unrealistically, may fear legal liability under federal and state anti-discrimination laws. The best way to avoid having to fire an employee is to hire carefully

Call it intelligence gathering, competitor analysis or niche market research, whatever makes you feel better.  You simply must pay attention to what’s going on in the market where you operate.  Spying on the business competition is simply smart business if you’ve given some thought to what you want to learn, who you want it from and what you’re going to do with it.  An hour or two a week should be all you need for this.

Lean, efficient competitors don’t do indiscriminate data collection, so begin with a little cold self-analysis.  What market are you in?  What do the numbers say about how are you’re doing in that market?  Who are your three most important business competitors?  In what ways would you like to be more like them?  In what ways would you like to distinguish yourself?

Suddenly there’s a lot more real estate available on the Web.  In the last few weeks the Internet Corp. for Assigned Names and Numbers (ICANN) began releasing new domain extensions like .clothing and .camera.  As many as 700 new publicly available gTLDs will roll out in waves through 2015, a huge increase over the 22 previously in use.  The ability to register a customized domain name seems like a good thing. Chocolate.candy, for example, may work better for a confectioner than chocolate.com.  Commentators debate whether the new rush brings more burdens than benefits, but sitting out hardly seems attractive.  The issue is how to reduce the burdens.

When you’re dead, you’re dead.  What happens to your business, however, will be whatever you planned for.  What!  No plan?  That can be chaos for your family, business associates and the business itself -- a completely avoidable mess.   Don't expect to be remembered fondly.  You should not feel alone, however.  Fewer than 30% of small business owners have a succession plan.  When a business owner dies without a plan, what happens next depends on the structure of the business.  Dodging death?  That’s someone else’s department.  But you’re an entrepreneur. You can determine what happens to your business. Take these three steps:

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Legally Sound | Smart Business
A podcast covering business in the news with a legal twist by Pasha Law PC
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Legally Sound | Smart Business covers the top business stories with a legal twist. Hosted by attorneys Nasir N. Pasha and Matt Staub of Pasha Law, Legally Sound | Smart Business is a podcast geared towards small business owners.

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