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Author: Irene Burgett

White Law Office, Co. > Articles posted by Irene Burgett

Embezzlement: How to Catch A Thief (Part 1)

If you are a business owner, how do you know if the person in charge of the books is not skimming off the top? What checks and balances do you have in place to ensure more than one person is looking at the financials? It should be an area that business owners review regularly but often times it's easy to get caught up in the day-to-day operations of the business. Things like the bank reconciliation statements and cash flow statements get put on the back burner for review at a later date. So what exactly is embezzlement? Embezzlement is the act of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud. It's an employee who has taken it upon themselves to dictate how company money is spent and who feels a sense of entitlement. It's an abuse of power and the trust that the employee has been given. Let's start looking at ways to mitigate the chances of an employee embezzling money and look at potential red-flags. There are various studies done on an annual basis to determine the effects of embezzlement. One of the main things business owners can do to prevent embezzlement is getting to know their employees and looking for different characteristics as described below. The 2018 Hiscox Embezzlement Study states that...

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Making a Difference in the Community

  We're coming into the home stretch of 2018 and all businesses are thinking about how 2018 will finish out and what 2019 will look like, and possibly setting time aside to review a proposed budget and figuring out goals. White Law Office is no different. We're focused on that as well, but we are also going to focus on what the business can do for the community and how each of us has the capability to make the lives of others better. I've personally felt challenged after attending a recent conference in New Orleans. I never expected to attend a conference designed for attorneys and to be challenged as a person and feel like I need to do something to make the world a better place. Bryan Stevenson, New York Times Best Selling Author of Just Mercy, delivered a speech that was an emotional rollercoaster for many in the audience. One moment he had you almost in tears and the next you were laughing. One of the cases he talked about was that of a ten-year-old boy that was being tried as an adult. The little boy had accidentally shot his mother's boyfriend. The boyfriend had beaten the mother and the boy thought she was dead. There was a handgun that the boyfriend kept by his bed and the little boy remembered this. The boyfriend was asleep and the little boy got the gun and held the gun at the man. The man woke suddenly and startled the boy who then...

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Extreme Ownership

  Do you own a business? Are you a leader? Owning a business does not automatically make you a good leader. And you do not have to own a business to be a leader. But let's face it, in business, if something does not work, it is the business owner that must resolve the issue. By utilizing the philosophies behind extreme ownership, good leaders can become great and business owners that are not good at leading can have the foundation to start. Being a business owner entails far more than just signing your name on the dotted line when you file your documents with the state or signing your operating agreement. It means more than being able to tell people that you own a business. It is not something that is suited for everyone. Extreme ownership, on the other hand, is something that everyone can use to become a better business owner, a better leader, or a better employee. As a business owner, you have a vision. The vision is how you see your future, your dreams, your goals for retirement, or whatever you consider "having arrived". However, you can only implement that dream with a team. So, now you've got your team in place but things aren't working out as you expected. People are making mistakes and communication is not good between departments. This happens because we're all human, we make mistakes, and we do not always think logically. Things are just not working out as you planned. Who is to blame?...

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What I’ve Learned from Working with Attorneys

The most important thing that I have discovered during this journey working with attorneys is that they are a necessity for our communities. Not everyone has the desire to go to law school. Not everyone is willing to subject themselves to the years it takes to earn those initials behind their name. I would trust the team of attorneys we have on staff with any legal matter that would ever come up during my lifetime....

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