Posts tagged with: "business"
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15 Jan 2010, 5:45 pm by Salcido
Utah Business Litigation Attorney – Salt Lake City, Ogden, Provo Business law suits have been on the rise. The fact is that we live in a very litigious society and businesses are constantly required to defend their rights in court. If you own a company, you should expect that at some point you will be sued. Even if you do everything right to protect yourself and your business, you will likely find yourself in need of a competent Utah business litigation attorney to defend you in court. You may… [read post]
27 May 2011, 12:05 pm
Sometimes knowing what not to buy may be just as important as what to buy. From BlueMauMau you should see this list of the 25 worst franchises to buy in 2011. The list is based upon failure rates of SBA loans only (with 50 or more disbursements). Eight franchises have over a 50 percent failure rate on getting the SBA loan repaid. It would appear you definitely need to think twice if you are looking at franchises on this dubious list. [read post]
13 Jul 2012, 10:00 am by Randy Fisher
We last wrote about Kate Davies and her battle with the UK department store Debenhams over protection of creativity and the limits of that protection. We detailed her story and noted the ensuing public outcry. The store was bombarded by reprimands from a demographic known more for its fondness for a cup of tea and [...] [read post]
8 Jun 2012, 3:00 am by Randy Fisher
In my last posting, I outlined the difficulty and importance of considering a transition strategy appropriate to your situation as a business owner or executive. Today, I will explore how to go about finding someone to whom you can be comfortable turning over the keys to the business you have carefully pieced together. Remember, this [...] [read post]
12 Apr 2010, 9:19 am by Raymond McKenzie
In TEKsystems, Inc. v. Bolton, (2010), the Maryland Federal District Court recently reinforced Maryland law on the point that the enforcement of a covenant not to compete is not dependent on whether the competing former employee solicits his former employer’s clients or uses its confidential information, but rather on whether or not the scope of the restrictive covenant is reasonable. The only factors that will determine whether the non-compete is valid are its temporal and geographical limits,… [read post]
14 Jun 2011, 3:13 am by admin
Many small business owners and entrepreneurs starting a business dream of selling a company or other grand ideas of exit strategy through merger and acquisition or business succession with a family business.  Often, I advise clients that optimizing and targeting their small business organization, business operations, as well as product, brand, and intellectual property development strategy can dramatically improve exit strategies.  The reverse is also true – a defined business plan and exit… [read post]
14 Aug 2012, 4:55 am by Kenneth C. Oh
For many new and growing New York and New Jersey businesses, the goal is to eventually become a publicly traded company. Therefore, it may seem curious that electronic retailer Best Buy is seeking to go the other direction. As has been widely reported in the media, Richard Schulze, former chairman of Best Buy, is seeking [...] [read post]
20 Jan 2013, 4:06 pm by Santiago A. Cueto
Grant Thornton management consulting recently released its Global Dynamism Index. The popular index ranks countries based on 22 indicators. At the top of the list is Singapore. The United States came in as the 10th best country in the world for  growing a business. While  United States ranked ahead of France, China and Japan it fell behind South Korea, Germany and Israel, among others. Here’s the full list: Singapore Finland Sweden Israel Austria Australia Switzerland South… [read post]
30 Nov 2010, 7:30 am by Todd Larsen
There are many issues to consider when starting a business.  One of them should involve creating a formal entity for your business through which it can operate.  There are several options, but the three main choices of entities are partnerships … Continue reading ? [read post]
5 Apr 2011, 1:48 pm by Lynne Butler
When owners of small businesses are ready to retire, they often think of selling their business to "someone". But who is that "someone"? This article by John Warrillow of the Globe and Mail makes an excellent point - that a customer could be a good buyer. Click here to read the article. [read post]
5 Jan 2010, 4:00 am
A couple of years ago I set out to write a Legal Guide to Starting a Business in Iowa. Unfortunately trying to work, write a blog, coach baseball and write the guidebook didn't quite work for me. I started the guidebook but never came close to finishing it. So this year I have decided to blog the guidebook. At the end of the project, I'll have my book and hopefully Iowa entrepreneurs will have something that is helpful and informative. The project may take several months so most of the information… [read post]
27 Apr 2012, 11:53 am by Susan Moon
Business relationships are kind of like marriages. And unfortunately, like some marriages, one or more parties figure out that the benefits of the relationship don’t outweigh the negatives, and decide to part ways. How can you handle it efficiently? Continue reading »Follow Above the Law on Twitter or become a fan on Facebook.Tags: Business, Business Clients, Business Partners, Business Relationships, Contract Law, Contract Negotiation, Contracts, In-house, In-House Counsel, In-house counseling,… [read post]
3 Nov 2010, 11:30 am by Lynne Butler
This is a comprehensive and interesting article about business succession planning for events other than death, divorce and disability. It's good food for thought for business owners and I'm positive that it will make you consider possibilities you hadn't thought of. Click on the link to read the article. Succession Planning for the Things People Tend To Overlook [read post]
1 Feb 2012, 9:56 am
I am pleased to announce that I now have a Rush on Business You Tube Channel where I'll post short videos on various aspects of business and franchise law. I have a few videos posted so far and I'll add content weekly. New videos include: Should You Include Your Spouse When Forming a Small Business LLC? Where Should Iowa Residents Incorporate or Form an LLC for their Small Business? If there is a topic you think would be interesting, please let me know! [read post]
4 Jun 2010, 12:16 pm by Arieh M. Flemenbaum
With the economy still sputtering, your business needs to take advantage of the resources available to them. SCORE (http://www.score.org) offers useful, free resources, business counseling and business tools to small businesses. One of SCORE’s great resources is its lists of “Top 5 Business Tips.” My pick for this week is SCORE’s 5 Tips on building your referral business – check it out at: http://www.score.org/5_tips_referral_business.html SCORE is a partner with… [read post]
11 Apr 2012, 6:27 am by Cari Rincker
Photo from iStockPhoto Many farms and agribusinesses operate as a DBA (“doing business as”) or an “assumed name.”  Many businesses in the state of New York, including those involved in the food and agriculture industry, are not properly registered. Pursuant to Section 130 of the NY General Business Law, no person or entity can “(i) carry on or conduct or transact business in this state under any name or designation other than his or its real name, or (ii) carry on or… [read post]
15 Jun 2012, 3:00 am by Randy Fisher
Forgive me, but after three postings on this subject in which I have invoked metaphors ranging from Monopoly to Cinderella, I can no longer resist the need to appease my inner sportswriter. The transition from your direction of the business to that of your successor is essentially a handoff: Nobody pays attention when you get [...] [read post]
29 Oct 2010, 8:33 am by Arieh M. Flemenbaum
There is still time for your business to take advantage of the tax credits available for hiring unemployed workers.  The tax credits are available in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act. There are 2  tax benefits are now available to employers hiring workers who were previously unemployed or only working part-time: Employers who hire unemployed workers this year (by 12/31/10) may qualify for a 6.2-percent payroll tax incentive. This hiring incentive… [read post]
19 Oct 2009, 7:25 pm
Need capital for your business? Looking for an investor? If so, you should take the opportunity to attend a seminar from the Business Innovation Zone of Central Iowa (BIZ) on how to get your business into shape and attract an investor's eye. Adam Claypool of DeWaay Investment Banking is the speaker. I have worked with Adam on several occasions so I know this will be a worthwhile opportunity to listen to one of central Iowa's more prominent investment bankers. The presentation is this Wednesday,… [read post]
17 Jul 2009, 9:31 pm by Salcido
1. Employment Tax Treatment S corporations are treated more favorably than LLCs for employment tax purposes. This is an important consideration that can be controlling in the decision of many businesses about whether to operate as an LLC or S corporation. If all members of an LLC are individuals and participate in management of the LLC’s business, all of the LLC’s income is subject to self-employment tax. What’s more, the income is subject to self-employment tax in the year the LLC earns it… [read post]