Podcast – Legal Talk Network
Happy to be on the Laurence Colletti’s podcast!
Sole Owners and Succession
Are you the sole owner of your company? If so, do you have a succession plan in place for your business? You do? That’s great. Does it pass muster with your bank? If your brow is furrowed and a cartoon question mark is floating above your head, read on. In the last year, we were […]
Business Partnership Divorce
Though you started out as best friends, spouses, siblings, or college roommates, you and your business partner(s) now have each other’s headshot on a dartboard. You’re losing sleep, the company is losing clients, patience is wearing thin, and everyone is nearing the end of their respective ropes. You’re hoping your partner simply disappears over the […]
ITINs, EINs, and Responsible Parties
In order to open a bank account for your business entity, you have to present Articles of Organization/Incorporation and an EIN, which is an Employer Identification Number issued by the IRS. In order to apply for an EIN number, you have to supply the EIN, ITIN, or Social Security Number of a “Responsible Party” for […]
Should I Form a New Entity for My Idea?
You have a new idea and you’ve got a guy who has connections or resources or ways to help get that idea off the ground. It’s clear you want to work together. The assumption is, often, that you’ll “simply” form a new entity, like an LLC, to make this idea happen. Holdupwaitaminute. Now that my […]
WTF(LSA) – New FLSA Regulations
Goodness gracious. Every time I think regulations affecting small businesses can’t get any more onerous, I’m proven wrong. From the ACA to state and local regulations that place a disproportionate (IMO) burden on employers to prove their compliance with the law, it seems to be getting more and more arduous to run a small business. […]
Guest On The Essentials Small Business Podcast
Some of the most important decisions you make for your business are made before you even start, when you have the least amount of information. Listen to this podcast to learn ways to make educated decisions that will serve your business for its lifetime.
Changing Your Entity in Nevada – Conversions and Domestications
Are you thinking of relocating your existing business to Nevada, or reorganizing as a different entity type? As business attorneys, we get asked about this all of the time. Nevada allows owners of foreign entities to convert or domesticate as Nevada based companies. This allows you to keep your EIN, the credit your company has […]
Buying a Business – Asset Purchase or Stock Purchase?
Recently I’ve walked clients through buying or selling a business. My concerns are obviously different depending whether I’m representing the buyer or the seller, but there is a fundamental difference between the types of agreements used in these transactions, and fundamental misunderstandings I can clear up. Often, a prospective buyer will tell me all about how wonderful […]
What to Do with Contracts
I know when I see not one, but two self-assigned tasks regarding contract stuff I deal with daily and now take for granted, it’s time for a blog post. In recent weeks, I’ve met with far too many clients who 1) haven’t signed contracts they now want to enforce, or 2) want my advice on a […]