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.
Legal risks attack your business from every side: partners, investors, vendors, customers and employees. Listen how to identify and mitigate these risks.
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 who will be making decisions, how profits will be split, what your personal tax situation is, and asset […]
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 […]
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.
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, […]
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 to keep […]
LLC Operating Agreements: What Critical Elements Should Be In Them? This video discusses how Operating Agreements are structured and what elements at a minimum should be in them. For this and all your businesses legal needs, call me in Asheville, Hendersonville, Fletcher, Waynesville, and all […]
Corporations: What Are Bylaws and Why Does Your Business Need Them? Bylaws are the structure of how your business operates. Who gets to make what decisions, who doesn’t get to make decisions, how to resolve disputes among owners, how to bring in new owners and […]
How to take profits from a corporation. There’s really only three ways, each of which carries with it a multitude of procedural, legal, and tax rules. Salary or wage for a shareholder; dividends; and selling shares for increased value. It’s important to consult with your […]