Competition is part of what makes capitalism work. The desire to compete against an existing business or established professional can drive innovation and help keep prices more attractive for consumers. Unfortunately, not everyone wants a fair and level playing field...
The Daytona Law Blog
Can business owners protect their online database information?
If you are a business owner in Florida, you know that the data you store online about your employees, customers and inventory is a very precious resource. It’s really the heart of what you do, no matter what type of enterprise you run. Your whole company can be...
How can your company enforce its non-compete agreements?
You have trade secrets that help make your business competitive or profitable. Maybe you have a proprietary salad dressing recipe that you gave to the cook who works in your restaurant. Perhaps you have a unique process for home repairs that allows your technicians to...
Can your company benefit from having a board?
Most people associate boards of directors with large, publicly owned corporations. However, a private company of any size and structure might also benefit from having a board. Note that a board of directors isn’t the same as an advisory board. It’s crucial to...
Reasons why so many small businesses fail
Entrepreneurship isn’t for the weak, that’s for sure. A lot of new businesses never make it off the ground. Others stumble along for a few years, only to fold before they ever reach maturity. In fact, roughly 70% of small businesses will never see their tenth...
2021 Amendments to Florida Condo and Homeowners’ Association Laws
Many significant changes to Chapters 718 and 720 of the Florida Statutes – which govern condominiums and homeowner’s associations in the State of Florida, respectively – became effective on July 1, 2021. This article provides highlights of some significant amendments...
3 steps to help you enforce your partnership contract
Entering into a partnership to start a business with another person can be a life-altering choice. Obviously, drafting a thorough contract is in both of your best interests. Unfortunately, not everyone who signs a contract will uphold their end of the agreement. What...
3 ways to stop worker turnover from leading to unfair competition
Competition in large part drives capitalism, but it can also lead to unfair situations. Some businesses or individuals will stop at nothing to gain an advantage over their competitors. Some might even try poaching employees from you or engaging in corporate espionage...
Want to expand a business? Create a growth and expansion strategy
Most entrepreneurs in Ormond Beach and Daytona Beach, Florida, understand that a time may come when they need to expand. For example, if your business activities appear to have no forward growth, you may benefit from expanding your company to encourage more sales....
Remember these basics when writing contracts
Business owners often have to enter into contracts with other businesses. Because these are legal agreements, it’s imperative that you have everything in order when you’re ready to sign one. You must take the time to ensure that the contract reflects what you’re...
