Buying & Selling a Business

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Iowa entrepreneurs have an opportunity to connect with potential investors at the i2Iowa Investors and Innovators Forum on April 12, 2012 at Veterans Memorial Auditorium. Business owners and entrepreneurs can pitch their businesses to investors from four tracks which include:

  1. Life and Bio Sciences
  2. Information Technology
  3. Advanced Manufacturing
  4. General Business

Companies can apply online through…

I saw an interesting post from franchise attorney Michael Webster on the BlueMauMau site on Negotiating Your Franchisee Rights. Some of his helpful nuggets:

  1. Review the FDD to see if they are using franchise brokers – you may be able to knock something off the franchise fee by asking for the broker’s rebate.
  2. Budget for professional advice. Hire

…

I was researching some issues for an LLC operating agreement and ran across an excellent post from the Wisconsin Business Law Blog on the fact that capital calls are often overlooked by LLC investors. Attorney Todd Goodwin provided the following example,

[i]f a "capital call" provision exists and is exercised by the majority members or

…

Franchise Times recently published its Top 200 systems issue in a story by Jonathan Maze. The big takeaway for me is that franchising is on an upswing after experiencing no growth during much of the recent recession. But franchising has returned as a bright spot in the economy according to the article.

Restaurants appear to be the big…

Prospective franchisees should read a new book from The Franchise King, Joel Libava, called Become a Franchise Owner: The Startup-Guide to Lowering Risk, Making Money, and Owning What You Do.

I don’t make that recommendation lightly. But Joel and I share a common passion. We are both passionate about making sure that franchisees…

Over the last 5 years that I have been writing this blog, there haven’t been many Iowa business lawyers who write a blog on a regular basis. But when I was looking at Mike Colwell’s Startup Models site, I noticed a new blog from business lawyer Chris Sackett of Brown Winick called BizB4Law.

Chris wrote…

Over the last several years, the limited liability company (LLC) has become the entity of choice for the majority of new business owners. In Iowa, there are approximately twice as many filings for the LLC each year than there are for corporations. People tend to like the flexibility afforded by the LLC. With an LLC, you receive the limited liability protection…

Lately we’ve heard from a number of business owners that are interested in franchising their businesses. It’s always exciting to talk with entrepreneurs who are enthusiastic about their business models. Franchising is an attractive option for many.

But there are lots of things to consider before you move down the path of franchising your business. First, you’ll…