friends and family investors - Palermo Business Law Firm

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 who will be making decisions, how profits will be split, what your personal tax situation is, and asset […]

November 19, 2018November 21, 2022

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.

October 16, 2018November 22, 2022

Commercial loan: How Money Gets Into Your Business

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 […]

September 25, 2018November 21, 2022

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 […]

July 26, 2018November 14, 2022

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.

July 6, 2018November 21, 2022

Friends and Family Loans Or Business Partners: 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 […]

June 28, 2018November 22, 2022