Who Makes Corporate Decisions?

This week’s Insight discusses the control of a business – who makes the corporate decisions.  The answer is dependent on the business form (sole proprietorship, partnership, Corporation, LLC) and how it was set up in the first place.  The worst decision-making setup (and the best […]

Don’t Learn About An Inventions Assignment the Hard Way

The jargon of the trade calls them “inventions assignment” or even more technically “employee proprietary information and inventions agreements”.  In layman’s terms, it means if you “invent” something using your employer’s tools or facilities, information provided to you, contacts, proprietary information, or related to its […]

Share Terminology in the Corporate Structure

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 […]


Regulated professions. It’s a geeky hobby of mine, browsing through the statutes to see what interesting topics the legislature was thinking about.  Like in Illinois where one needs to be licensed to engage in the business of removing eggs from their shells.  Seriously. Here’s just […]