Technology Law Blog, IT Law & Articles | Foster Swift

Cybersecurity Month Serves as Reminder to Take Proactive Steps

Taylor A. Gast — Mon, 24 Oct 2022 09:00:01 -0400

Whether you are the CEO of a big corporation working in the office six days a week or an analyst working remotely from home entering data, everyone is at risk of a cyber-attack. Despite the fact that all organizations, regardless of size, are at risk, few have preventative measures in place, or have even planned for how they would respond in the event of an attack.

Process and Requirements of Women-Owned Small Business Certification

Amanda J. Dernovshek — Wed, 10 Aug 2022 09:00:02 -0400

The federal government, states, and some cities set aside a percentage of funding to help women-owned businesses. In fact, in 2021, the federal government set aside 5% of its annual spending for businesses that obtained a Small Business Association (“SBA”) Women-Owned Certification (WOSB).

Executive Compensation and Negotiation Essentials for Women Leaders

Mindi M. Johnson — Tue, 02 Aug 2022 09:00:03 -0400

Staying competitive, especially in a male-dominated profession, can seem like a daunting task for many women.

In your discussions with your current or future employer, it is crucial to know when to approach and ask for extra benefits. These benefits go beyond standard taxable compensation. The timing and type of benefits are very fact-specific and will depend on your role and company: do your research. Understanding a company's goals and business concerns as they relate to long-term retention allows you to shape your proposition. It is also helpful when it comes to understanding your employment and compensation goals, offering a mutual benefit to both yourself and your employer.

Key Considerations on How to Sell Your Business

Nicholas M. Oertel — Tue, 03 May 2022 09:00:04 -0400

No matter the reason, when selling a business, it is important that the business owner and advisors understand the broader reasons for the sale to ensure that the deal is structured to achieve the seller's goals.

Michigan Launches “Afflicted Business” Grant Program

Taylor A. Gast — Thu, 24 Feb 2022 09:00:05 -0500

Nearly two years after the start of the COVID-19 pandemic, the state of Michigan is continuing to design new programs to help support Michigan businesses that were negatively impacted by the pandemic and resulting economic shutdowns. Beginning March 1, 2022, Michigan will distribute up to $409 million under the new Afflicted Business Relief (ABR) grant program. Eligible businesses can apply beginning March 1, 2022 through March 31, 2022. Grants are not first-come, first-serve, but instead may be prorated depending on the number of eligible businesses that apply.