Limited Liability Companies. One of the things I find fascinating about limited liability companies – called LLC – is that the traditional concept of “ownership” of a business is split into three separate parts. Traditionally, especially in smaller or closely held corporations, “ownership” comes with […]
Congratulations on starting your new business! Hopefully you’ve worked with a good business attorney such as myself and an accountant to find and set up the proper legal entity. So now what? Here’s a new business checklist. One thing I’ve seen with small business owners […]
Business lawyer. Okay, an actual hug may cross the lines of professionalism. But here’s five solid reasons why your business attorney and his legal advice make you a better owner, with confidence that your business is running legally and efficiently. Let Your Business Lawyer Help […]
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 […]
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 […]
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 […]
Short post today on the ethics of commercial contracts, enforcement, and wisely choosing with whom you do business. Those who have heard me speak at events and the seminars I host on business liability probably heard me say at one point, “Contracts keep honest people honest.”
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. It’s also fr, the smaller contractor looking to become a larger business and more professional. In future articles I’ll […]