“Goodwill” is defined generally as that value of your business that is over the simple measure of the value of the assets of the business. We’ll get deeper into how to define goodwill in a second. When Is Goodwill Valued? In talking about goodwill, it’s […]
A “master service agreement”, what is it? If your business has repeat customers where the contract terms stay the same, but the payment and scope of work differs with each project, then consider using a master service agreement with that client. What Is In the […]
Corporate Decision Making: Who Controls a Business? There are competing interests in mid-sized and larger corporate ownership. Hopefully all parties work toward making the business successful and putting out a quality product. However, these parties often disagree about how to make that happen. This post […]
Commercial Lease: Why There Is No Such Thing As A “Form” Lease. I get this a lot from my business clients that are looking for commercial space to lease, and present me with a commercial lease to review and advise on. “It’s just a form, […]
Next article in my “business startup series” of articles. Today I’m discussing what owner agreements should be in place for a business with multiple owners. Owner agreements should define who makes what decisions about how the business is run and the money spent, how profits […]
Second article in the “new business startup cycle” in no particular order: registering your business with your state’s Secretary of State. Even though forming a business is a multi-step process, not an event, there is no more exciting moment for new entrepreneurs than getting their […]
Today’s blog post is on registering a business as a “dba” or “doing business as”. We also call a dba an “alias”; an “assumed business name” or “assumed name”, or “fictitious name”. All mean the same thing; however in North Carolina the statutory term is […]
Short post today on the ethics of commercial contracts, enforcement, and wisely choosing with whom you do business. Those who have heard me speak at events and the seminars I host on business liability probably heard me say at one point, “Contracts keep honest people honest.”
Here’s part 2 of what should be in most construction contracts for even somewhat complicated construction projects, including building and manufacturing.
Noncompete contracts, in my opinion are grossly overused. They’re a bane to business lawyers which I attribute directly to easy access to “form” documents (I could rant …) on the internet. They are one of those “often quoted, seldom read” documents I see working with […]