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 […]
Six ways to structure your contract fee? That’s a lot. But as you start pricing out jobs you may find that one method does not always fit what you’re trying to do for a client. Alternatively, if you’re the customer you should at least understand […]
There is a lot to worry about when setting up a new business. Of course, how to make money. But there’s marketing, sourcing, finding a lease or property, buying equipment. It goes on. SET UP TASKS TO DISCUSS WITH YOUR PARTNERS But when it comes […]
The business partner dispute. They happen. But many of them can be avoided if you set out each partners’ duties and expectations when setting up the business. Disputes After The Fact Got a call the other day – two friends had formed a fitness business. […]
In today’s post on mastering the business acquisition, I’ll write about some basic issues a business buyer may see when buying a business. The main one is valuation: what is the buyer paying for the business?. BUSINESS ACQUISITION BASICS: WHAT ARE YOU PAYING FOR? First […]
Here we talk about “scope of work” in all contracts. It is exceeding rare that a client says to a vendor/contractor, “I’m not going to pay you because screw you, I just don’t want to pay you” (although, I am seeing more of this in […]
I might do a few of these posts about share terminology in the corporate structure. Today I’m talking about authorized, issued, and outstanding shares. There’s three states a share can be in within the corporate structure: authorized (sometimes called “available”), “issued”, and “outstanding”. First Up […]
Embrace Your Business Lawyer and the Legal Structure He Provides A well run business will embrace an organized legal structure, not ignore it, because it gives a foundation and structure for the legal operation of the business, can get all owners and managers on the […]
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 […]