Posts tagged with: "business"
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18 Apr 2012, 9:00 am
Despite the particular challenges of running a family business, the successful ones recognize that their longevity depends on keeping customers, employees and shareholders happy. “We don’t like the idea of family business,” Andrew Cornell said. “We like the idea of business family.” [read post]
30 Nov 2010, 7:30 am
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]
13 Aug 2009, 10:58 am
By: David H. Fuller
Seattle Bankruptcy Lawyer
Small Business Bankruptcy Is On the Rise
Data shows that small business bankruptcies have skyrocketed by 81% over the last year. This data comes from the latest Equifax survey of its Comprehensive Small Business Database. (Article) This increase in small business bankruptcy is due to both the underlying causes of the recession and the ongoing effects of that recession.
Small businesses depend on access to capital. For most small businesses this… [read post]
14 Jun 2011, 3:13 am
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]
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]
1 Jul 2011, 5:10 pm
Building momentum into a small business and expanding a business requires more than great products, services, and employees. Organizing business entities, engineering business processes, and executing business leadership and decision making requires calibrated business strategies for agility, asset protection, and value growth. Some important legal and business strategies for company formation include:
• Company Formation Structured for Business Tax Advantages
• Limited Liability to Protect… [read post]
7 Jun 2011, 9:36 am
Our Strategic Business Checkup & Strategic Mid-Year Planning series is back!
We recommend you perform a year-end strategic business review (and update your personal estate planning). To help you complete a check-up and strategic year-end planning for your business, we will publish helpful tips and ideas throughout the month.
Check for updates every week day through July 1st.
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For more information about recommendations for a… [read post]
5 Apr 2011, 1:48 pm
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]
8 Feb 2011, 1:18 pm
A Stock Purchase refers to the sale and purchase of an ownership interest in an entity like a corporation, partnership or limited liability company. The Seller sells, and the Buyer purchases, all or part of the outstanding shares of stock in a corporation, or all or part of the membership interest in an LLC or partnership, as well as all of the existing assets and liabilities of the entity. This includes the name and goodwill of the business, which oftentimes can be valuable. The existing entity… [read post]
13 Jul 2012, 10:00 am
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 … Continue reading ? [read post]
3 Jul 2012, 11:28 am
As a business owner, it is important to separate your personal and business finances. There is a strategy to implementing a good credit score for your company.
A business credit score is much like your own personal credit score; it shows the ability to repay its debts. Good business credit will be helpful if you decide in the future to apply for business loans, etc.
The Small Business Administration guest blogger and business credit adviser, Marco Carbajo, offers these 10 reasons to start building… [read post]
24 Jun 2011, 9:39 am
To help you complete a check-up and strategic mid-year planning for your business, we will publish helpful tips and ideas through the end of the month. This tip is part of our ongoing series.
Business Check-up Tip No. 13:
Develop & carry out a disaster plan. Address the loss of a key supplier or customer, your data, inventory, equipment or even your workplace.
Too many businesses suddenly collapse because they have no plan in place to chaos that ensues after an unexpected disaster – whether it be… [read post]
10 Feb 2010, 12:22 pm
Westchester attorney, lawyer Lisa Fantino, offers small business tips for creating website presence while avoiding copyright infringement. [read post]
11 Jan 2010, 8:57 am
I often am asked by business clients how to address the circumstances surrounding the transfer of ownership if one of the owners dies, becomes disabled, or whose employment in the business is terminated for-cause? The answer is through the use of language addressing buy-sell situations that are included in an Operating or Shareholder Agreement.
A carefully drafted buy-sell provision will address the buyout of a deceased or disabled owner’s share of the business, usually through the use of the… [read post]
17 Nov 2010, 7:35 am
Most general and subcontractors understand the need to put a lien on the property where their work was accomplished in order to protect their right to payment for labor and materials from the land owner or the general contractor. North Carolina has some important deadlines which contractors need to be aware of if they [...] [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 Dec 2010, 8:36 am
To help you complete a check-up and strategic year-end planning for your business, we will publish helpful tips and ideas through the end of the year. This tip is part of our ongoing series.
Business Check-up No. 14:
Review your buy-sell and/or shareholder agreements. Re-examine the purchase mechanisms & valuation methods. Discuss these ownership and management matters before a triggering event happens.
Check for updates every week day through December 31st.
Happy Holidays from Griffith &… [read post]
29 Oct 2010, 9:36 am
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 How to be Sure You Are Adequately Insured - check it out at: http://www.score.org/5_tips_om_8.html.
We recommend involving your accountant… [read post]
5 Feb 2013, 9:43 am
Great ideas are fun to imagine, design and develop. But in business, no idea is worthwhile if it can’t make money. How do you know if your idea could make money? Honestly, you don’t. But don’t be discouraged! If you … Continue reading → [read post]
23 Dec 2010, 8:36 am
To help you complete a check-up and strategic year-end planning for your business, we will publish helpful tips and ideas through the end of the year. This tip is part of our ongoing series.
Business Check-up No. 13:
Develop & implement a disaster plan. Address the loss of a key supplier or customer, your data, inventory, equipment or even your workplace.
Too many businesses suddenly collapse because they have no plan in place to chaos that ensues after an unexpected disaster – whether it be a… [read post]