“Scope Creep” is not a new phenomenon. You’ve probably been guilty of moving a contractor off the contract terms yourself. Here is how to recognize it, and how to stop it. The best method is to have a clearly written scope of work, and stick […]
Bringing a new business partner, co-owner, or investor comes with its own issues. Be aware of these and how to avoid problems. WHY BRING ON A NEW BUSINESS PARTNER? There’s many reasons to bring a new business partner into your business. They may have an […]
Today’s post discusses shareholder issues, how to work with your investors. I also discuss how to get rid of unwanted shareholders. Shareholder issues can slow a company’s growth. Unwanted shareholders may vote against moves that could lead the company to profitability. There’s a few ways […]
In today’s post on mastering the business acquisition, I’ll write about some basic issues a business buyer may see when buying a business. The main one is valuation: what is the buyer paying for the business?. BUSINESS ACQUISITION BASICS: WHAT ARE YOU PAYING FOR? First […]
The following rules are what I consider when helping clients determine what legal form of business to create. After over 22 years as a business lawyer, I realized long ago that there is no one-size-fits-all answer to this question. I also realized there can be […]
Holding company and operating company. One of the many reasons for owning a “company” of some sort is corporate asset protection. Not only can company structures shield an owner’s personal assets from tort, contract or government levy, but one company can be used to protect […]
Your corporation is required by statute to have a board of directors. But why, and what do they do? Find out in this quick video.
Friends and family loans can be great resources to help your business start and grow. But there are the obvious pitfalls of dealing with family when it comes to money and your business. The main thing I advise my clients on when taking money for […]
Here we talk about “scope of work” in all contracts. It is exceeding rare that a client says to a vendor/contractor, “I’m not going to pay you because screw you, I just don’t want to pay you” (although, I am seeing more of this in […]
Online legal documents. On Facebook this morning I saw a picture of a coffee mug that said, “Please do not confuse your Google search with my medical degree”. My first thought was “same, but ‘law degree’” The internet has given the appearance of making complex […]