Buying into an existing business involves a share purchase for a corporation, or a membership purchase for a limited liability company. Let’s talk about what that means for a corporate share purchase (LLCs are essentially the same, but different terminology). What “Buying Into” a Business […]
There may come a time in a corporation’s life when it wants to do a forced buyout of minority shareholders. Let’s talk about that for a few minutes. What Are Minority Shareholders? A corporation issues “shares” of ownership. A minority shareholder holds less than 50% […]
IMPORTANT: READ THIS UPDATE 12/19/24: FINCEN REPORTS NOT DUE BECAUSE OF FEDERAL COURT INJUNCTION Summary of FinCEN Starting in 2024, most small businesses created in or registered to do business in the United States will be required to report information about their beneficial owners […]
The logistics of setting up an IP holding company. To create a successful business you need two things: an idea, and execution. The IP holding company holds the right to monetize the successful idea of the business, while allowing some other entity to execute monetizing […]
Why use an intellectual property holding company? To create a successful business you need two things: an idea, and execution. Often, the same person or entity is not qualified or doesn’t want to engage in the execution portion of running a business. Where there is […]
Just trying to contribute what I can, answering questions I’m getting about volunteer immunity. With the massive volunteer mobilization we’ve done these past two weeks, the question has come up whether volunteers helping out with this emergency have some sort of immunity in case they […]
Bringing a new business partner, co-owner, or investor comes with its own issues. Be aware of these and how to avoid problems. WHY BRING ON A NEW BUSINESS PARTNER? There’s many reasons to bring a new business partner into your business. They may have an […]
Today’s post discusses shareholder issues, how to work with your investors. I also discuss how to get rid of unwanted shareholders. Shareholder issues can slow a company’s growth. Unwanted shareholders may vote against moves that could lead the company to profitability. There’s a few ways […]
Your corporation is required by statute to have a board of directors. But why, and what do they do? Find out in this quick video.
Friends and family loans can be great resources to help your business start and grow. But there are the obvious pitfalls of dealing with family when it comes to money and your business. The main thing I advise my clients on when taking money for […]