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 […]
Six ways to structure your contract fee? That’s a lot. But as you start pricing out jobs you may find that one method does not always fit what you’re trying to do for a client. Alternatively, if you’re the customer you should at least understand […]
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 […]
I might do a few of these posts about share terminology in the corporate structure. Today I’m talking about authorized, issued, and outstanding shares. There’s three states a share can be in within the corporate structure: authorized (sometimes called “available”), “issued”, and “outstanding”. First Up […]
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 […]
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.