“At-will” v. “For Cause” Discharge: It Can’t Be Both
At-Will and For Cause are two conflicting employment terms that should not appear in the same C-level or key employee contract.
Tag: Business formation
PRESERVE DEFENSES TO EMPLOYMENT CLAIMS: PAPERWORK
Preserve your employer defenses to employment claims by documenting the reasons for the discharge and following procedures.
UNEMPLOYMENT: THE AMBIGUOUS CLAIM TO DEFEND
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.
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.
Security Interest, Corporate Debt, and Collateral
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.
Business Succession Plan – Do You Have One?
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?
Franchise: The Basics of Expanding Your Empire
Franchise: Is this the best option to expand your business? Or are there other ways to grow and become profitable?
Business formation: Corporation or LLC or … other?
Episode one: Starting your business, what form should it take (corporation, LLC or other), what documents do you need to be able to work closely with your partners.
Corporation or LLC: Which Form is Best for Your Business
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. […]
How To Take Profits Out of Your Business Now
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 […]