May 2006

FACTORS IN FORMING YOUR IOWA BUSINESS

You are considering forming an Iowa small business. What type of business structure should you choose? In Iowa, your choices generally are a sole proprietorship, S corporation, C corporation, or a limited liability company.

Some of the factors to consider in choosing a business structure are:

1) Personal liability

Are you looking to purchase a franchise business in Iowa? If so, you should consider having the Franchise Uniform Offering Circular and Franchise Agreement reviewed by an attorney to make sure the documents comply with applicable federal and state laws. There are a number of specific Iowa law provisions relating to transfers, jurisdiction, application of

ASSET PROTECTION IS NOT JUST FOR THE RICH

There is a often a misperception that asset protection is only for rich. This is not the case. Every business owner should give consideration to asset protection. In fact, asset protection strategies are generally inexpensive compared to the potential liability.

The best time to consider asset protection

RULES OF BUYING A BUSINESS – RULE NO. 2: BECOME AN EXPERT

Buying a business at a great price takes work and preparation. If you are not currently an expert in the industry you are considering you should become one. Interview several people in that industry, read books and articles or take classes. Perhaps you

Casey Blake Taking the Majors by Storm

As my loyal readers know I am a huge baseball fan. I follow the box scores every morning of Indianola, Iowa native Casey Blake. As of this morning, Casey was leading the American League in hitting. He also now owns a 13 game hitting streak while hitting .366

Joe Cooney of Frannet will hold a seminar for those interested in franchising. The seminar is this Thursday, May 18, 2006 from 6:00 to 8:00 p.m. The seminar is located at the Mid-Iowa – SBDC office at 10861 Douglas, Suite B, Urbandale, IA 50322. The telephone number for reservations is 515-331-8954.

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