Solopreneur: I see too often that solopreneurs want to form a corporation or an LLC, but for all the wrong reasons. Here’s the 411 on if a solo business owner should form a business entity. There’s generally three or four reasons to form a business […]
There is a lot to worry about when setting up a new business. Of course, how to make money. But there’s marketing, sourcing, finding a lease or property, buying equipment. It goes on. SET UP TASKS TO DISCUSS WITH YOUR PARTNERS But when it comes […]
The business partner dispute. They happen. But many of them can be avoided if you set out each partners’ duties and expectations when setting up the business. Disputes After The Fact Got a call the other day – two friends had formed a fitness business. […]
Embrace Your Business Lawyer and the Legal Structure He Provides A well run business will embrace an organized legal structure, not ignore it, because it gives a foundation and structure for the legal operation of the business, can get all owners and managers on the […]
The corporate conglomerate. This post discusses ways to organize a business structure when one business “owns” (informally speaking) several disparate businesses. I have a client that owns a transportation company, landscaping company, barricade rental, and some other seemingly unrelated companies. Each has their own insurable […]
Memorandum of lease. What is it, why does your North Carolina business care, and what should you do about it. That’s what we’re talking about today. What Is a Memorandum of Lease? In North Carolina, a lease holder may record the fact that it has […]
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.
Preserve your employer defenses to employment claims by documenting the reasons for the discharge and following procedures.