I recently appeared as a guest on Julie Keyes’ “Poised for Exit” podcast to talk about some forced exits from a business where there was no clear exit strategy. We talked about “Texas Shootout” clauses as well as statutory actions …
Exiting a Business the Hard Way: Horror Stories from a Business Lawyer Read more »
In my most recent appearance on The Business Forum Show, Host Kevin Hunter and I discussed the basics of raising equity capital and recent efforts to make “crowdfunding” legal for for-profit businesses. You can listen to the show here. Background …
Raising Equity and Crowdfunding: The Business Forum Show, January 22, 2014 Read more »
Comedian Ron White made famous the phrase “You can’t fix stupid.” In the film Parental Guidance, Billy Crystal’s character remarked that his mother always told him that “there’s no cure for dumb.” Either of those phrases are apt descriptions of …
Minnesota Estate Tax Changes Close the Border on Small Business Investments Read more »
Last week’s Department of Labor report showed a drop in the unemployment rate from 9.1% to 9.0% but the fewest number of jobs – 80,000 – added in four months. The issue of job creation remains the primary focus of policy …
As I alluded to in Startup Steps #2, the question of whether a business owner should form a LLC or a S corporation is largely a tax question, rather than a legal question. In order to answer this question, I’ve …
Introduction Use of liability limiting entities such as corporations and/or limited liability companies are extremely common for today’s business owner. This article briefly summarizes the legal structure of these entities and provides some examples of how they can be useful …
Ask the owner of any startup business venture what his or her biggest hurdle is and 9 out of 10 will say “raising money.” Even in a good economy, most lenders are hesitant to risk their capital on new ventures, …
This weekend I finally got around to watching the film “Flash of Genius.” The movie tells the story of Dr. Robert Kearns, the inventor of the intermittent windshield wiper, and his battle against Ford Motor Co. over Ford’s alleged …
The Difference Between Inventors and Entrepreneurs Read more »