Limited Liability Companies. One of the things I find fascinating about limited liability companies – called LLC – is that the traditional concept of “ownership” of a business is split into three separate parts. Traditionally, especially in smaller or closely held corporations, “ownership” comes with […]
Congratulations on starting your new business! Hopefully you’ve worked with a good business attorney such as myself and an accountant to find and set up the proper legal entity. So now what? Here’s a new business checklist. One thing I’ve seen with small business owners […]
Business lawyer. Okay, an actual hug may cross the lines of professionalism. But here’s five solid reasons why your business attorney and his legal advice make you a better owner, with confidence that your business is running legally and efficiently. Let Your Business Lawyer Help […]
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 […]
Corporate Decision Making: Who Controls a Business? There are competing interests in mid-sized and larger corporate ownership. Hopefully all parties work toward making the business successful and putting out a quality product. However, these parties often disagree about how to make that happen. This post […]
Asset protection strategies for your business may included setting up a separate company to hold and lease out the equipment.
Why and how to protect your special business formulas and processes by using trade secret protections, a short article.
I’ll start this article by saying that I’m generally against seller financing of the sale of a small business. Too much can go wrong, as I’ll set out below. Let’s define what I mean by “seller financing of the sale of a small business.” A […]
At-Will and For Cause are two conflicting employment terms that should not appear in the same C-level or key employee contract.
Preserve your employer defenses to employment claims by documenting the reasons for the discharge and following procedures.