Business Law

Legal fees are usually done hourly, at least for most attorneys, but that doesn’t always work for business owners who need predictability and to know exactly what something is going to cost! That’s why, at Sparks Law, we offer flat...

The short answer is: Yes, at least in most states. However, there are plenty of things you should be thinking about when terminating an employee, especially one who has been with your company for a long time. Let’s dig into...

There are a million ways to skin a biz! Well, maybe not a million, but there are LOTS! Since we’ve set up tens of thousands of businesses over the years, we’ll get to the big picture things you should think...

Just when you thought your business couldn’t be any better, or maybe it couldn’t get any worse, your business partner tells you they want to leave. Statistics show that nearly 70% of business partnerships break up! Being prepared for a...

Hello there! So, you’d like to write a contract? That’s GREAT! I’ve been writing contracts since 2012 as a business lawyer, and contract drafting is a lot of fun (for me, at least). I should say, though, that contract language...

When it comes to writing purchase agreements, there’s a LOT. The hope for this article is to break it down to the big picture stuff, so that we know what’s important at the LOI (Letter of Intent) stage of the...

My Life Coach tells me I need to incorporate in Delaware, should I? Is your life coach a lawyer? Let’s dig into all the pros and cons of setting up your new business in YOUR State or another one! What...

Businesses are constantly seeking innovative ways to attract and retain top talent while aligning employee interests with organizational success. Two popular methods of doing so are phantom stock and traditional stock options. While both aim to incentivize employees and foster...

In today’s digital age, social media has become a powerful tool for self-expression, communication, and even conflict resolution. However, when it comes to legal agreements, particularly non-disparagement clauses, what you post online could have serious repercussions. Whether you’re navigating a...

In the realm of innovative compensation strategies, phantom stock plans have become a focal point for businesses aiming to attract and retain top talent. As these plans gain traction, questions arise regarding their types, purpose, functionality, and pros/cons. In this...