Are you dreaming of starting your own business in Nebraska soon but struggling with a shoe-string budget? Learn more about the Entrepreneurship Clinic at UNL’s Nebraska College of Law.  The clinic provides legal counsel to startup business clients to assist with preliminary legal issues. According to the Clinic’s website: The scope of the Clinic’s work will be…

“Legalese,” the Plain English Movement and Good Drafting Contract law is the foundation of business. Unfortunately, many lawyers draft contracts in “Legalese” – they fill their documents with archaic terms, redundancies, awkward phrases, ambiguities, and worthless boilerplate. This increases the likelihood of misunderstandings and decreases the productivity of everyone associated with the transaction. Moreover, the…

Are there still fiduciary duties  in a family owned or “closely held” business in Nebraska? Are they different or relaxed because the stockholders all happen to be related to management? The answer is yes, there are fiduciary obligations, and no, they are not different or relaxed. The law does not distinguish between fiduciary duties applicable to a…

Small business owners looking to hire new employees in Nebraska can easily get tripped up by local, state and federal laws regulating employment practices.  Generally, once employers have 15 or more employees, employment discrimination becomes an issue for small businesses. The laws regulating employment practices apply to the entire employment cycle, beginning with hiring.  Interviewing…

Attorney Ben Thompson was quoted in an article in the October 11, 2013 issue of the Midlands Business Journal regarding the importance of anticipating the type and applicability of government regulation of a new business.  “Regulations cost businesses money, so the business plan needs to anticipate the cost of complying with federal, state and local…

Many new and existing businesses today are S Corporations. S Corporations are popular because they provide several advantages to the shareholders. One of the best known advantages is the “pass-through” taxation. Pass-through taxation allows the profits and losses of the S Corporation to flow directly to the shareholders, where they are only taxed once. In…

How do you pronounce the word “lien”? Attorney Ben Thompson has published an article providing a general overview of liens, including types of liens, sources of liens, and methods for enforcing liens. It also takes the position that “lien” should be pronounced with one syllable, not two.  The articles is published in the May/June 2012 issue of The Nebraska…

Perhaps you have heard a story about an employee that has embezzled from a company.  Some may shake their heads in disgust and then shrug it off thinking that it will not happen to their company.  Others may hope that it never happens to their company, but take no steps to prevent it from happening. …

Business mediation may be preferable to litigating a dispute in court. Small to medium sized businesses in Nebraska may benefit greatly from using mediation instead of litigation to resolve conflicts.  As is the case with larger businesses, disputes may arise with competitors, business partners, employees, customers, and vendors, but small business often lack the PR, HR, or legal capacity to address conflicts…

Do you have questions about Nebraska contracts law? Thompson Law Office is here to help.  Learn more about our business law practice here. What is a contract? A contract is a legally binding agreement between two or more parties. Because contracts often reflect agreements for the exchange of goods or services, contracts are the foundation…

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