Business Succession Planning
When the Party’s Over/Disentanglement of Business Owners (2/2)
5 Tips to Avoid Legal Problems
In the course of practicing law for over 35 years, I have found that there are some actions that can be taken to avoid potential legal problems. An argument can be made that these observations are nothing more than “common sense”, but as many prophets, sages, philosophers and otherwise intelligent... (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...)
The Dynasty Family Business – Part Two
Part One of the Dynasty Family Business covered necessary characteristics a family business needs to become a Dynasty Family Business, and was posted on May 24, 2017. In this second part, the passage of ownership will be explained. The “live forever plan” has not yet been shown to be successful.... (Continue reading...)
The Dynasty Family Business – Part One
Ultimately, there are only three things you can do with your business: you can close it (which might lead to bankruptcy), you can sell it to a stranger, or you can keep it in your family. This article will explore how a business can be passed from one generation to the next – the Dynasty Family... (Continue reading...)
What You Need to Know Before Purchasing a Franchise
Why a consider purchasing a franchise Proven business model Market recognition Advertising strength Might be easier to finance A “Franchise” is an oral or written agreement, either express or implied, which provides all of the following[1]: Grants the right to distribute goods... (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
Getting What You Pay For When Buying a Restaurant-Part Two
Last week, we answered a couple questions about what happens to food and liquor inventory during the sale of a restaurant. Our clients have also inquired as to whether the licenses from the health inspectors or alcoholic beverages division can be transferred to the new owner of the restaurant. FOOD/HEALTH... (Continue reading...)
