Obligations of Board Members
Serving on a board of directors of a non-profit entity(1) is an opportunity to improve your community and help others, but it comes with certain obligations. Each non-profit entity, in general, must have a board of directors(2). There must be at least one director, but the number can be changed as... (Continue reading...)
Rights of Minority Owners
Just because someone may be a majority owner of a company does NOT mean the company can do whatever they please. Minority owners have substantial rights and remedies to protect their interests. Minority owners may not feel in control, but this does not mean they do not have power. A minority... (Continue reading...)
Raising Capital for Your Business
To successfully raise capital, you must be prepared to do so, recognize the sources of capital, be aware of the costs of the funds, be in compliance with securities laws, and have a back end strategy. Be Prepared: One thing investors want to make sure of is that they are going to get their investment... (Continue reading...)
Year End Action Items for Business Owners
The end of the year can be a busy time for most business owners, so we’ve created a list to help you make sure your business is ready for the New Year! Internal Documentation: Review your Minute Book FIND IT! Is it up to date? Have officers and directors been properly authorized? Have significant... (Continue reading...)
Don’t Screw Up Your Start Up!
On Monday Sam Kreamer was back on Insight on Business – The News Hour with Michael Libbie going over some of the Do’s and Don’t’s of business start ups. Click the link below to listen to the podcast! Don’t Screw Up Your Start Up! Read More
Giving Away Information
Businesses really have only two choices: they can grow (through formation or purchases) or go away (mostly by sale). Those are the two things I spoke about during a recent Lunch and Learn presented for the West Des Moines Chamber of Commerce. If you would like to access the PowerPoint I used, click... (Continue reading...)
Buying and Selling a Business- A Lunch & Learn Event
Buying and/or selling a business requires many considerations. For example, you may find yourself wondering: How to identify the right opportunity as a buyer or a seller; What pitfalls might lurk in the existing economy; How will the pricing and the structuring of the transaction work; What’s the... (Continue reading...)
Will You Be Personally Liable For Your Actions of Your Employees?
Are you personally liable for damages arising from the actions (whether negligent or intentional) of your employees? If one of your employees, during normal business hours, causes a serious accident while driving a company vehicle, are you (personally) liable for the damages/injuries? Are you personally... (Continue reading...)