“Goodwill” is defined generally as that value of your business that is over the simple measure of the value of the assets of the business. We’ll get deeper into how to define goodwill in a second. When Is Goodwill Valued? In talking about goodwill, it’s […]
Commercial Lease: Why There Is No Such Thing As A “Form” Lease. I get this a lot from my business clients that are looking for commercial space to lease, and present me with a commercial lease to review and advise on. “It’s just a form, […]
Next article in my “business startup series” of articles. Today I’m discussing what owner agreements should be in place for a business with multiple owners. Owner agreements should define who makes what decisions about how the business is run and the money spent, how profits […]
Today’s blog post is on registering a business as a “dba” or “doing business as”. We also call a dba an “alias”; an “assumed business name” or “assumed name”, or “fictitious name”. All mean the same thing; however in North Carolina the statutory term is […]
Here’s part 2 of what should be in most construction contracts for even somewhat complicated construction projects, including building and manufacturing.
Noncompete contracts, in my opinion are grossly overused. They’re a bane to business lawyers which I attribute directly to easy access to “form” documents (I could rant …) on the internet. They are one of those “often quoted, seldom read” documents I see working with […]
Construction contracts. This is a short, non-exhaustive list of what should be in most construction contracts. This article is for the aspiring or beginning construction contractor, and the smaller contractor looking to become a larger business and more professional. In future articles I’ll flesh out […]
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. […]
Money! Okay got your attention. The topic is how do you get money – profits – out of your business. It’s not as simple as sticking your hand in the register, or writing yourself a check, especially when there are multiple owners involved. There’s a […]
Does your business have a plan to continue operating if a key owner unexpectedly leaves? Don’t leave succession to chance. It’s not just for majority owners, but minority owners are served by having a plan in place.