Partners or Investors: Choose Wisely
In episode two I discuss how to work with partners and passive investors, what legal agreements your business should have in place. Have a listen
Tag: bylaws
Corporation or LLC: Which Form is Best?
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 get profits out of your business
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 […]
Business Succession Planning: Why?
Does your business have a plan to continue operating if a key owner unexpectedly leaves? Don’t leave succession to chance. It’s not just for majority owners, but minority owners are served by having a plan in place.
Interim Succession Planning for business continuation
What is your business’s interim succession plan when a key owner or manager leaves unexpectedly? Here’s some information to get you started.
Selling A Business Part 1: Selling Shares
Selling a business is a complicated business transaction, but depending on the nature of the business and the assets being transferred, there’s ways to make it go easier. It’s important that well before the actual sale date the business books and records are in order, […]
Commercial loan: How Money Gets Into Your Business
Commercial Loan. All money that comes into a business goes into one of three categories: revenue, purchase of equity, or a commercial loan. That’s it, there’s no such thing as a “gift” to a business (although grants are not uncommon here in Asheville). It’s important […]
Commercial Lease basic elements – there is no “standard” lease
In 25 years working with businesses of all sorts, I’ve never seen a “form” or “standard” or “basic” commercial lease. Don’t let anyone tell you otherwise, especially the landlord trying to convince you to sign a lease without reading it or negotiating key terms. Every […]
Board of Directors for Your Corporation: Statutory Authority
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: Get It In Writing
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 […]