Yesterday, the Federal Trade Commission (FTC) announced two proposed settlements of complaints filed against Ceridian Corporation and Lookout Services, Inc. Both proposed consent orders require the companies to implement security measures similar to other such settlements, including development and implementation of more robust information security programs, along with biennial security assessments and reporting by qualified…
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Common Legal Mistakes Made by Small Businesses
Originally published in the February/March 2009 newsletter of NJEntrepreneur.com. By Louis Zambrio Small business owners often fall prey to legal pitfalls that could potentially expose the company or themselves to unforeseen liability, costing their business significant sums of money. The greatest legal mistake a small business owner can make is not hiring an experienced attorney…
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Term Sheets: A Brief Overview
Originally published in the November/December 2008 issue of NJEntrepreneur.com By Kurt Olender and Louis Zambrio The Term Sheet Process Rapidly growing companies typically have a limited ability to obtain working capital from banks and other traditional sources due to limited (or no) profitably and a predictably light balance sheet. Many companies must look to a…
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A Comparison of an “S” Corporation and a Limited Liability Company
Originally published in the Fall 2008 e-mail newsletter of NJEntrepreneur.com By Louis Zambrio When choosing a business entity to start a business there are many factors to consider when determining which entity is the best fit for your company and its goals. Some factors to consider are the ease of formation, taxation, need to raise…
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