Chenoweth Law Group

April 2020 Archives

8 steps employers can take to prevent employee embezzlement

An employer/employee relationship is one of special trust. Sometimes employees take advantage of that trust by stealing from their employer. Embezzlement can happen when employees take cash or reroute invoice payments from customers, but it can also happen when employees submit fraudulent invoices for payment or use the company credit card for personal expenses. Embezzlement hits companies, public agencies, and nonprofit corporations of all sizes. The U.S. Department of Commerce reports that nearly a third of business failures are related to employee theft or fraud. Luckily, this is an area where an ounce of prevention can save your company from financial calamity down the road.

5 important clauses to include in an employment agreement

When you are starting your business, you may be your only employee. But once you are ready to hire an employee, you should have an attorney draft an employment agreement (or several different agreements for different types of employees) to clearly outline the employee's responsibilities and the company's expectations.

3 Reasons Why a Proposed Merger or Acquisition May Fail

Acquiring or merging with another company can create significant business opportunities unlike any other. However, both are highly complicated, and many are unsuccessful.  When faced with the possibility of merging with or acquiring another business, it's important to consider some of the more common reasons why these arrangements sometimes fail.

The Oregon Franchise Act: What is it and where can I get one?

Thinking about being your own boss?  Generally, you have two options--start your own business and do the hard work of creating your own brand to build your customer base, or purchase a franchise and get the advantage of a well-known brand.  It's likely that most people understand there are many risks in starting your own business and that owning a franchise is often a safer investment.  But what if a franchise seller makes false statements or omits important facts in selling a franchise that doesn't operate as advertised?  Whether you're the franchise buyer or the seller, the Oregon Franchise Act ("OFA") has the answer.

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