Many advertisements from document filing companies on the Internet tout the benefits of forming a corporation. The first benefit typically mentioned is that a corporation provides"limited liability" or "asset protection". Many of these companies would have you believe that if you form your own company for $99.00 you can magically protect your assets from
November 2011
Young Iowa Entrepreneurs Turn $40 into Success
By Rush Nigut on
Posted in Starting a Business
I love stories like the one I saw in the Des Moines Register this morning.
Check out this story about two young Iowa entrepreneurs who turned $40 into business success.
ABA Franchise Forum Chair Speaks on the State of Franchise Law
By Rush Nigut on
I had the opportunity to attend the Forum on Franchising in Baltimore this past month. The Forum Chair, Joseph Fittante, was recently interviewed by BlueMauMau on the state of franchise law which I thought was important to share.
Fittante commented that he is seeing more high stakes litigation. In his experience the number of litigation cases are decreasing but…
Trust but Get It In Writing
By Rush Nigut on
A business owner needs to raise money. He comes up with an idea to "sell" a portion of his equtiy in the business. A prospective investor listens to the business owner’s pitch and likes the idea. He decides to invest nearly $20,000 in the business in exchange for ownership. The problem? Nothing is in writing, yet the…
More on Franchising Your Business
By Rush Nigut on
Posted in Franchise Law
The last post touched on Franchising Your Business. To continue learning more about factors to consider in franchising your business, I highly recommend this post on the New York Franchise Law Blog called Franchising Your Business: What You Can Learn from Existing Franchisors.
One of the most important points from the post is the…