“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.