While the holidays gave us a reprieve from the stresses of our everyday lives, business owners and workers are again confronted with the personal and financial pressures they were experiencing at the end of last year. This year, however, the pressures may be even greater due to rising interest rates and the need to keep lending relationships current. This should not be a reason for dismay, but rather it should serve as a wake-up call to take the steps to eliminate risks of theft in your business — and bad conduct by business partners acting for their own personal interests.
In a recent article published in the Connecticut Post and New Haven Register, David Slossberg offers practical suggestions on how to minimize the risk of theft and embezzlement by employees and business owners and explains that the law recognizes fiduciary duties that one business owner owes to another. He also describes remedies for a breach of fiduciary duty and when that claim constitutes a violation of the Connecticut Unfair Trade Practices Act.