How Fiduciary Duties Protect You and Your Business

In this video, you get answers to these questions:
0:00 - Introduction
1:35 - Why Knowing Fiduciary Duties is Essential?
2:36 - Duty of Loyalty
3:10 - Understanding Fiduciary Duty of Loyalty
5:23 - What Employees and Employers Need to Know
7:23 - Duty of Loyalty Across Professions
8:06 - The Corporate Opportunity Doctrine
9:23 - The Duty of Honesty Explained
10:15 - Do You Know Your Duties?
11:10 - Decoding the Duty of Care
12:08 - Avoiding the Hindsight Bias
13:08 - How the Business Judgment Rule Applies to You?
14:30 - Unpacking the Duty of Good Faith in Business
15:45 - Summary
17:04 - Outro
QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below.
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[@Hall]

Have you ever encountered a situation where fiduciary duty was questioned in your line of work?

[@BytheYarn]

What is BOI and is it really required? I heard a judge is looking into it about the Government overreaching, and don’t need to know who owns the business. I’m not sure I understand it.

[@Hall]

This law (BOI) was challenged in the courts as unconstitutional. That legal process is currently working its way through the courts. There is no final decision at this time. To learn more about the current status, visit fincen.gov/news/news-releases/updated-notice-regarding-national-small-business-united-v-yellen-no-522-cv-01448