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4 Ways to Protect Yourself From Business Fraud

Every company is susceptible to fraud. This is largely because there are so many different kinds of fraud.

Cybercriminals adapt their ways almost as quickly as cyber security firms make new products and services. It is almost impossible to protect against every type of attack.

1. Secure Your Accounts

If you have not made separate bank and credit card accounts for your personal life and company, you should do so now. If cyber hackers get their hands on one account, they will not have access to the other. Make sure to look into the security systems your bank uses online banking to be sure things like automatic logout are available. Make a monitored reimbursement policy for team member expenses and stick to it. If you are going to give credit cards to your employees,  be sure that the card provider has suitable fraud protections in place.

2. Safeguard your computers

Hackers are experts at cracking systems in computers. A firm firewall could help protect your business data, while antivirus software could help detect breaches early on. There are several cyber security vendors. Look for the product that best addresses your needs. You should set up strict protocols that require employees to make passwords that are hard to decipher. Make sure to have your employees change their passwords every sixty to ninety days.

Click here to learn pregnancy protection laws in California!

3. Do an employee background check

When you are expanding your workforce, it is critical to find people who are not only well-qualified but who are also trustworthy. Do not rely only on references and work history. Make sure to conduct a thorough background check.

There are companies that could provide this service for you. Many of them charge between thirty to fifty dollars per report. When you narrow down the list of potential hires to one or two, you could run a check on the finalists prior to making your final decision. You should make sure you obtain proper permission to run the check

4. Make a secure entry

A secure entry system could keep out unwanted visitors. Some key-card systems bring out time-stamped records of an employee’s entries and exits from your office.

Management can also limit access to specific areas to certain people. For example, you could use a key card system to only let the tech managers inside the server room. Limiting the access to sensitive areas will keep you and your business safer.

Do you have a question about business fraud in California? Click here to contact Von Esch Law today!

Courtesy of Cuselleration

Learn 7 Steps to Avoid Business Fraud

All businesses should take the time to mitigate any risks of fraud. Smaller and mid-sized operations are vulnerable to business fraud, and the after effects can be devastating for everyone involved.

Business fraud usually falls into three different categories: theft, financial statement fraud, and asset misuse. The vast majority of business fraud schemes are related to outright theft, such as stealing cash or claiming fraudulent expenses, and asset misuse, like granting kickbacks.

Business fraud can be tough to tackle, especially for smaller businesses who might be tight-knit and incorporate many family members. Considering your employees as friends or family can make it hard to confront cases of business fraud and theft. Plus, smaller businesses usually have less financial oversight, less knowledge on fraud schemes, and remain vulnerable to even small instances of fraud (since they can completely derail operations).

If you are looking to avoid business fraud, keep these seven steps in mind as you operate your enterprise.

Separate Accounting: Smaller businesses usually have one person who works on everything pertaining to finance. This system makes it easy for people to skim the company and misdirect money to other places. All businesses should have at least two people working on the finance side, or develop a relationship with an accounting firm on the outside.

Learn About Employees: Most business fraud is carried out by an employee on the inside. Take the time to really understand an employee’s background and knowledge before hire. Background checks should be a necessity, along with occasional time off, since this could expose a scheme in place.

Run A Tight Ship: All businesses need to be very careful about who has financial knowledge. This means restricting access to account information, building a verification system for reimbursements, and carrying out audits on accounting books.

Watch Your Bank Accounts: Online banking makes it easy to check out accounts and statements at any time. Be sure to compare the online data with your paper copies to make sure everything is on the same page. Watch out for checks that are not in order and strange payment recipients, who could be the benefactors of a scam.

Properly Train Employees: One of the best ways to avoid business fraud is to train workers on how to spot it. Encourage them to report strange behavior through an anonymous system and craft a business code of ethics to keep everyone accountable.

Click here to learn why you have a lawyer review your contracts!

Protect All Credit Card Numbers: Credit card fraud is becoming a popular way for people to steal money from businesses. A good way to ward this off is to separate all business and personal accounts. This keeps funds safe on both sides if the other accounts are breached by credit card fraud. All businesses should be very careful about who they give out credit card numbers too and use online payment services to mitigate any risks.

Audit Regularly: Businesses should subject themselves to regular audits on all financial activity to stay accountable. Non-scheduled audits, especially if they are from an outside source, can help detect fraud that might have gone unnoticed otherwise. Many companies are experienced at carrying out audits for businesses of all sizes and will give valuable advice about warding off business fraud in the future.

Keep the above seven steps in mind to fight against business fraud. It can strike a business of any size, but good due diligence will keep your operations safe and protected.

Do you have a question about business fraud? Click here to contact Von Esch Law today!

Courtesy of Cuselleration

What You Need to Know About California Collection Laws

Navigating through debt collection law in California can be tricky. There are a lot of moving parts inside of pertinent legislation that can be hard to keep up with. However, no matter your situation, there are a few important factors to keep in mind as you work through the collections process.

The primary collection law in California is the California Fair Debt Collection Practices Act. This mandates that debt collectors and creditors are required to treat people due for collections in a fair manner. They are not allowed to be deceptive, unfair, or engage in an abusive manner when it comes to debt collection so the process can be fair for both sides.

As per the Act, all entities, including the agencies collecting debt, are regulated. This means anyone contacting you to pay off bills or dies should be in full compliance with the Act. It also means a number of other entities,such as the attorneys involved in debt collection activities, and the companies who actually make debt collection tools, should be in compliance with the Act. Do not let anyone try to manipulate you into thinking they do not have to be in compliance with the Act. California laws are strict when it comes to debt collection.

However, it is important to note debt collectors in the state are not mandated to have a license, since agencies underwent deregulation in the 1980s. These collectors are not even required to have a local business license to start and continue operations.

Debt collectors are under limits on how much they can communicate with debtors. They are not allowed to use profane language, must disclose their information, and are not allowed to call repeatedly or harass you with calls while you are busy on the phone. Additionally, they are not allowed to lie to you in a manner that causes you to spend more money than you needed to, like if they try to get you to call a long-distance number for an extra charge.

Debt collectors in California must protect the privacy of all debtors, as per the law. Regulations say they are allowed to send debt reports to a credit reporting agency, but they are very limited in the other information they can give out. Envelopes from collectors can not have any details about debt on the outside, and the law says debt collectors are not allowed to publish your information in a public setting if you do not pay.

California collection laws gives debtors a lot of protection and options if a agency breaks they law. If a collector breaks the Act, you can file a complaint with the state attorney general, sue the debt collector in court, or get in touch with federal authorities who are in charge of enforcement of debt collection laws.

Overall, the best way to stay out of the way of debt collectors is to pay your debts on time and in full. While legislation in California does provide protections against predatory debtors and ones who are abusive, you are still required to pay off debts, and these agencies can be very persistent when it comes to getting their money.

Be sure to clear your debts as quickly as possible so you do not have to deal with the debt collectors and subject yourself to worry and stress about their tactics and methods.

Click here to learn why the date of separation is important!

If you do engage with a collector, be sure to study relevant laws so you understand what collection agencies are and are not allowed to do as they engage with you. Don’t be afraid to report a debt collector if they break the law.

Do you have a question about collection laws in California? Click here to contact Von Esch Law today!

Courtesy of Cuselleration

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3 Reasons You Should Have a Lawyer Review Your Contracts

It can be tricky as an entrepreneur to call up a lawyer to review a contract. But failing to do so can have devastating consequences for your business.

A lot of things can go wrong thanks with a bad contract. You could end up forking over a lot more money than you should. You could lose your rights to valuable property, and even expose yourself to risky (and costly) lawsuits.

Therefore, it is important to spend the money on having a lawyer review contracts. It will be a lot more expensive for an individual to come in at the end of the day to revise and fix a bad one.

Here are three reasons why you should have a lawyer review your contracts.

1. Courts Find Them Easier to Enforce
A good contract means that it holds weight in court. But a generic contract or one you wrote yourself, thanks to the internet might not be able to actually be enforced in your area.

If you’ve chosen to broker an oral agreement, it might not even be valid for certain types of transactions.

On the other hand, contracts that have been reviewed and edited by a lawyer ensures that important jargon and terms are included so the contract is valid. Plus, a good lawyer will make sure the agreement is up-to-date based on state laws.

This is particularly important when it comes to non-compete agreements. They can be a variable way for you to keep talent from working with a competitor, but a non-compete you crafted yourself probably will have some sort of error that could make the whole agreement non-enforceable.

2. Contracts Reviewed or Written by an Attorney Are Thorough
Poorly written contracts, or one with glaring gaps, could open you up to disputes or expensive lawsuits. Lawyers are experts when it comes to contracts. They understand how to write them in a clear manner and how to mitigate any potential problems on the horizon.

A good attorney who reviews a contract will be able to fill in the gaps that someone might have missed and will have the legal know-how to suggest additional clauses.

Lawyers know that a good contract includes stipulations about what happens if one party does not hold up their end of the bargain.

Well-written contracts also take steps to limit your liability in a scenario that is beyond your control. Additionally, they will incorporate so-called “boilerplate” clauses that will minimize frivolous disputes.

With the help of a good lawyer, a contract becomes a document that helps resolve problems. It becomes something that can help shorten the length of any disputes, and make sure you stand a better chance of
winning the case.

Click here to learn the 5 ways for your business to avoid legal issues!

3. Attorneys Can Help Craft Contracts That Save You Money
An experienced attorney in your industry will know about the types of standard language and terms. As a result, their expertise will translate in a contract that favors you, their client.

Having an attorney look over a contract, or taking the steps to revise one, can be a useful way for you to potentially save a lot of money. An attorney on your side can give advice about how to push the boundaries in your favor, or at least advise you about reasonable terms and negotiation standards.

If you are writing a contract on your own, and the other side has an experienced attorney working on theirs, you might be subject to unfair terms or be put at a bad negotiating vantage point.

Overall, getting good legal advice when it comes to contracts can make or break your business.

Do you have a contract that needs to be carefully reviewed by an attorney? Click here to contact Von Esch Law today!

Courtesy of Cuselleration

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4 Reasons To Start A Business Today

Everyone wants more money, but hardly anyone is willing to start a business of their own to get it. The fact of the matter is, the biggest earners in the world are no longer the kings and sultans (with some exceptions) but from businessmen and businesswomen who were willing to risk it all. The funny thing about the risk of running a business is, it isn’t as risky as you might think.

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6 Rules of Thumb to Follow for New Businesses

Starting a new business is bold and brave but can also be a little scary at times. You are venturing into new territory and putting yourself and your belongings on the line to follow your dreams and put faith in what you think will succeed. Although we could explain on a very complex legal platform how to optimize your success, we’ve kept things simple for your benefit. Here’s a short list of a few business practices to consider following that may have gotten lost in all of the detailed documents. These rules of thumb may not hold up your entire business but they will certainly help things move along.

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6 Important Documents Your Business Needs

When it comes to business law there are many details and intricacies your business must follow, which is why having an attorney by your side is incredibly helpful. This attorney is well-versed in exactly what documents need to be signed, what kinds of agreements need to be made, and the procedures that must be followed. At Von Esch Law, our team has been practicing business law for a long time, and has a lot of experience in this area. We’ve have complied a short list of the most important documents your business will need over the course of your company’s life- so either make sure you have them, or call us for help today!

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