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Counterpoint

Corporate minutes as Trojan horse

What should director minutes say and how detailed should they be? It likely depends on the maturity of the company, the personality of its management, and the input of its lawyers. But lawyers often have disagreed on what minutes should ...

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Interpreting concentration and interest rate risk

Idaho’s financial institution leaders have a responsibility to identify, measure, monitor, and control concentration risks and interest rate risks. These risks have increased in the past few years due to the slow economy, which has brought an increase in loans ...

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Steering customers to the right place

Ever since two wheel merchants showed up at the same cave entrance, one question has dominated the minds of business people the world over: How can I convince customers to buy from us instead of them? It’s the same question ...

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Protecting trade secrets in an evolving global economy

Trade secret theft has always been a risk to U.S. businesses. Now, as the global economy evolves, that risk is changing. More and more, trade secrets are being stolen for use by foreign competitors. Recently, a Michigan couple was convicted ...

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Selling your practice

That lawyers can sell their practices is no longer in dispute. However, reaping value from the sale of a law practice presumes that the value is recognizable. A business is ultimately worth only what someone is willing to pay for ...

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Keys to improving your tech planning

For many law firms, technology purchasing is based on reaction rather than planning. If a laptop breaks or a security breach begins melting the network, then it’s time to get shopping. But taking the time to do planning ahead of ...

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Nonunion employers in the crosshairs

Many employers mistakenly believe that the National Labor Relations Act does not apply to their business because their employees are not represented by a union; however, most private-sector employers are covered by the NLRA. This past year, the National Labor ...

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Don’t forget about what matters most for your business

For a business leader, the quick answer to what matters most might be “profit,” for surely the business cannot continue to exist without it. But why else are you in business? Why are you in this business? What motivates you? ...

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Lessons in establishing lien priority

For contractors and architects, lien priority often is the difference between getting paid and getting stiffed. In other words, a lien holder that has priority over another gets paid first. The general rule for establishing priority is “first in time ...

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