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?
Franchise: Is this the best option to expand your business? Or are there other ways to grow and become profitable?
What legal documents does your business needs to work with outside parties like vendors, customers, landlords? I also talk about commercial loans and personal guarantees in this article and podcast.
I discuss the difference between an employee and an independent contractor; what makes an employee “at will” or a contract employee.
In episode two I discuss how to work with partners and passive investors, what legal agreements your business should have in place. Have a listen
Episode one: Starting your business, what form should it take (corporation, LLC or other), what documents do you need to be able to work closely with your partners.
Risk mitigation legal strategies for your business. Don’t be left exposed to multiple liabilities that deplete and devalue your business. Find out more here:
Corporation or LLC: it’s a question I get all the time. The answer is not so simple as going down a checklist though. You need to consider many factors. Who will be making decisions. How profits will be split. What your personal tax situation is. […]