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 […]
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 […]
Asset protection strategies for your business may included setting up a separate company to hold and lease out the equipment.
Relocating your business to Western North Carolina? It’s a pretty easy process but there’s some legal catches to watch out for. Call me if you’re moving down here for help.
With the Covid now is a good time to review the volunteer immunity statutes that protect those who give service to charitable organizations.
Investing in a business can be either a purchase of ownership, also known as equity; or a loan to the business. Know which one you’re making before you turn over your money, so that you know what risks of loss of capital you’re facing and know what to expect in return.
At some point your business may have to incur corporate debt in order to fund operations like payroll or purchase of raw materials; expansion; or a partner buyout. Here I discuss corporate debt, collateral, and security interests.
The asset purchase agreement is a way to buy the good parts of an existing business while leaving the liabilities or undesired assets behind for the seller.
Business succession planning. You’ve planned to start your business, you’ve planned to grow it to a success. Have you planned on how you’re going to leave it?