Higher interest rates are good news for banks, as it directly increases their cash holdings. With the increase in funds, banks can invest it internally to utilize the injection for an expansion or acquisition. When scaling any business, especially a small- to mid-sized bank, there...
Today’s Millennial business owners are more apt to doing business with local banks they know over impersonal chain banks. This provides a tremendous opportunity to community banks that are prepared to handle the business. This often means establishing outside partnerships with expert organizations that can...
As a business owner, it is important to acknowledge that there may be consequences of not regularly looking into the company’s legal state. A legal audit can keep a business ahead of the game by addressing any underlying risks and identifying new opportunities. Understanding what...
When a potentially business-changing idea is formed, it is good practice to protect it. To keep their ideas safe, entrepreneurs must possess a strong understanding of the limits and rights of intellectual property (IP). However, there are many misconceptions regarding what constitutes IP and the...
The Department of Labor is constantly updating its rules and regulations, which creates an environment for businesses to regularly break the law without intent. Unfortunately, ignorance is not a defense that will hold up in court. In order to protect your business, it is important...
Mason Cole sat down with Fox News to discuss the gender pay gap that still lingers in the United States. Click here to read about the gender pay divide. Watch the full segment here!...
Small business owners need to be constantly aware of the changing business landscape to avoid potential consequences. From employee law changes to paid sick leave, there were quite a few shifts that occurred in 2016. Here is a quick recap of important law changes, as...
The Eastern District of Texas filed a lawsuit on Nov. 22 to block the Final Rule of the Department of Labor’s (DOL) Overtime Protection Rule, which did not go into effect Dec. 1, 2016. The court entered a preliminary injunction, delaying implementation of the Final...
Mishandling confidential information - even if it happens accidentally - can have significant financial and legal consequences. Human Resources typically ensures that confidential information is kept safe. However, most small businesses do not have a dedicated HR representative, so this responsibility typically falls directly on...
Beginning Jan. 22, a new form goes into place that will improve the speed and accuracy of completing the I-9 form. Overall, this is a great thing, but it can present issues for small businesses without a dedicated human resources department to keep on top...