February 2007

The second meeting of SEMEE ("Society for Entrepreneurial Minded Executives") is tonight at the EMC Insurance Building in downtown Des Moines.  The meeting starts at 7:00 p.m.

For details, please check out Adam Steen’s Growth Capitalism blog.  More information is also available on the Iowa Biz Events Web site.

The event involves presentations by four

blog radio

Rush on Business Podcast No. 2 is an interview with Matthew Ashburn of Sunbelt Business Brokers with offices in Ankeny and Cedar Rapids, Iowa.  Matt is a professional business broker with Sunbelt.  He is 1 of only 2 brokers in Iowa designated by the International Business Brokers Association as a Certified Business Intermediary. 

Listen to

Generally, the easiest way  for a buyer to purchase a business is through an Asset Purchase Agreement.  The buyer is not actually purchasing the business itself.  One commentator has described it has buying the seller’s merchandise without buying the store.

Buyers tend to favor asset purchases for several reasons.  First, the buyer obtains the

If you are selling your business you should not divulge trade secrets and confidential business information without a signed confidentiality agreement.  The theft of trade secrets is an increasingly litigated issue.  In the business sale context this often happens when negotiations break down and the potential buyer decides they can start their own business. 

When forming small businesses I am sometimes asked whether the owner(s) must form a board of directors consisting of members from various backgrounds who are not actually owners of the business.  While it may work in certain situations, I have not seen this model work real well for most small businesses.  By their very nature

Today I had a discussion with another attorney about the the pros and cons of franchising.  We determined that while many business owners may think they want to franchise, it is often not the best alternative for their business.  If you are interested in the topic you may want to check out this article on