Business formation - Palermo Business Law Firm

New Business Startup: Registering With The Secretary of State

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 […]

May 8, 2023May 8, 2023

Bust A Deal, Face The Wheel: The Ethics of Commercial Contracts

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.”

March 30, 2023March 30, 2023

CONSTRUCTION CONTRACTS: WHAT NEEDS TO BE IN THEM PART 1

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 […]

November 18, 2022November 22, 2022

SELLER FINANCING OF THE SALE OF A SMALL BUSINESS

I’ll start this article by saying that I’m generally against seller financing of the sale of a small business. Too much can go wrong, as I’ll set out below. Let’s define what I mean by “seller financing of the sale of a small business.” A […]

September 29, 2022November 18, 2022

“At-will” v. “For Cause” Discharge: It’s One Or The Other, Not Both

At-Will and For Cause are two conflicting employment terms that should not appear in the same C-level or key employee contract.

September 16, 2022November 18, 2022

PRESERVE DEFENSES TO EMPLOYMENT CLAIMS

Preserve your employer defenses to employment claims by documenting the reasons for the discharge and following procedures.

September 13, 2022November 18, 2022

UNEMPLOYMENT: THE AMBIGUOUS CLAIM

Whether an employee was discharged or quit the employment often was the first thing I needed to determine when ruling on unemployment cases. This post discusses what factors I would consider when ruling on these cases.

September 9, 2022November 18, 2022

Investing In Your Own Business: Commercial Loan or Equity

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.

July 30, 2019November 21, 2022

Corporate Debt, Collateral, and Security Interest

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.

July 25, 2019November 21, 2022

Business Succession Plan

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?

June 6, 2019November 18, 2022