Buying into an existing business involves a share purchase for a corporation, or a membership purchase for a limited liability company. Let’s talk about what that means for a corporate share purchase (LLCs are essentially the same, but different terminology). What “Buying Into” a Business […]
There may come a time in a corporation’s life when it wants to do a forced buyout of minority shareholders. Let’s talk about that for a few minutes. What Are Minority Shareholders? A corporation issues “shares” of ownership. A minority shareholder holds less than 50% […]
Solopreneur: I see too often that solopreneurs want to form a corporation or an LLC, but for all the wrong reasons. Here’s the 411 on if a solo business owner should form a business entity. There’s generally three or four reasons to form a business […]
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 […]
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. […]
Your corporation is required by statute to have a board of directors. But why, and what do they do? Find out in this quick video.
Friends and family loans can be great resources to help your business start and grow. But there are the obvious pitfalls of dealing with family when it comes to money and your business. The main thing I advise my clients on when taking money for […]
Business Succession Planning Business succession planning is important for business owners as you and your business mature. It can mean doing nothing – disasterous – working with your family and estate lawyer to transfer ownership to a family member on your death; or coming to […]
LLC decision making: LLCs are unique in that “ownership” has two different meanings. First, it means the right to make decisions about how the business is operated. That’s called “Membership” and “Management”. Second is a right to receive profits from the LLC, that’s called an […]