Dallas Texas Business Law Blog

There are many reasons you may decide to sell a business. Maybe it is time to retire, you want to move on to the next big idea or you simply want to spend more time with your family. Selling a business can give you the financial push you need to move forward with these lifestyle changes.

However, you must be careful as you prepare to sell your company. Here are some things you may need to know about selling a business.

Military members develop crucial skills during their time in service including responsibility, determination and leadership. Many military-based skills easily transfer into civilian life as veterans pursue academic studies, employment or personal opportunities.

The combination of skills preached by the military actually create savvy business techniques, so it's not a surprise that more veterans are putting their training into use through personal businesses and franchises.

Injuries in the workplace can be costly for your business. In the U.S., it’s estimated that employers pay more than $1 billion per week in direct, non-fatal workers’ compensation costs. That’s an alarming figure, and it’s enough to make every business owner ponder how to reduce such an expense.

As it turns out, employers who go above and beyond to exceed safety standards in the workplace could see an increase in profits. By reducing injuries and illnesses, and the workers’ compensation payments, medical expenses and lost productivity that can come along with them, you might see a healthier bottom line.

A well-developed compliance plan or program can not only demonstrate any entity's commitment to employing thoroughly qualified staff and executives, but also foster early detection and reporting of problems such as fraud, abuse, or medical error, as well as promote effective communication through all administration and staff.

With the already narrow margins many businesses face, and the fact that civil and criminal liability is a constant threat, entities need to maximize any receivables and work to ensure safe harbor from, penalties, lawsuits or any other threats that could jeopardize their business or personnel. Along those lines, creating and maintain required documentation is vital to the compliance obligations (and financial well-being) of a health care company.