That Business Show 2.0 is a daily online videocast and podcast that speaks with entrepreneurs and business professionals about business building tips and aims to give the listeners tools, tips and resources to grow their own business. Find it online each morning at www.thatbusinessnetwork.com from 9am to 10am M-F EST.
Happy Friday and welcome to another #FocusFriday on #ThatBusinessShow where we work to help you #Focus on key areas within your business. This week’s focus was on the importance of involving an attorney in your contracts with guest Lisa Wilcox. She is the founder of Wilcox Law and an expert in contract law and international law too and her focus is on helping consumers for the last eight years through bad debt collections, foreclosure defense and faulty robo-dialing issues. She also incorporates advising businesses on how to prevent them from getting into consumer debt issues. “Every business needs a contract lawyer” states Lisa who advises that as a business you are not a consumer, you are a business and have less protection under the law. A great tip in the #MorningDiscussion is to ensure your contracts have a provision to avoid a Telephone Consumer Protection Act Lawsuit which deals with robo-dialing issues centered on advertising or collections. We hear about a recent lawsuit that affected Papa Johns in this area and it was the fault of their advertising agency too. For businesses that are large, be sure you are familiar with skip tracing and are accurately dialing numbers so as to not end up on the line with a person to whom the debtors number was transferred also. Lisa reminds us too that just because you are a new entity or a small company, that does not mean you cannot negotiate better terms in your contract and shares with us some examples of David vs Goliath in this segment. A large portion of the discussion centered on upcoming changes to labor laws and we began with a discussion on what is a 1099 contractor’s definition and what is a w-2 employees definition. The IRS estimates that 80% of workers classified as independent contractors are actually employees and the IRS has launched a massive new “misclassification initiative” that will target small business owners so it is imperative you have your agreements outlined in contracts and reviewed by an attorney such as Lisa to ensure compliance and avoid fines!! As part of this crackdown, the Department of Labor has hired 100 new auditors solely to investigate misclassifications and state investigators are turning up the heat on employers too. In closing, we touched on the question of the week which is up in the Facebook group, Focus Friday and asks – Does your business have a will? Get involved in the discussion here https://www.facebook.com/groups/FocusFridays/ and reach out to Lisa at 888-945-2695 or online at http://www.wilcoxlawpa.com! And a reminder Each Friday at 7am, we speak with Juliann Nichols, CEO of Focus on You Strategy and another guest about their challenges, successes and failures and how working with Juliann and utilizing her strategies helped get them over the humps in their business. Check out www.focusonyoustrategy.com and take advantage of one of her many CEO Exchanges to get a preview of how she can help Bring Out the CEO in You! The next CEO Exchange is being held October 4th from 11am to 1pm at the C1 Bank in Hyde Park and you can register by clicking here!
Filetype: MP3 - Size: 17.9MB - Duration: 52:08 m (48 kbps 16000 Hz)
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