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 […]
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 […]
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 […]
There is no “what do other people do” for the essential terms of a contract that effects your business. We can use history as a guide, but you need to figure out what works for you, with my counseling, so you’re satisfied that you are running your own business successfully
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.
Financing your business succession plan – part two of my succession series published in Asheville’s Capital At Play magazine. Read it here or pick up a copy at your favorite local business.
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.