Partners or Investors: Choose Wisely When Bringing in New People
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: operating agreement
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 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 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 […]
LLC Decision Making: Splitting Decision Making from Sharing in Profits
LLC decision making: LLCs are unique in that “ownership” has two different meanings. First, it means the right to make decisions about how the business is operated. That’s called “Membership” and “Management”. Second is a right to receive profits from the LLC, that’s called an […]
LLC Member Rights v. Manager Duties: Who Runs Your Limited Liability Company?
In any business there are competing interests among owners and those who control the business. LLCs are no exception. In this video I briefly discuss who has the right to make decisions within a multi-owner LLC For this and all your businesses legal needs, call […]