Yesterday I had an interesting discussion with one of my buddies. He is an executive with a Fortune 500 company out-of-state and he was expressing his frustration with lawyers – actually his own lawyers. He just got off the phone with one of his outside counsel when I called. After talking with him for less than 30 seconds I
Buying & Selling a Business
Business Contracts: Remember Environmental Issues
By Rush Nigut on
Posted in Business Law, Buying & Selling a Business
Let’s say you are the owner of a manufacturing company. You’ve decided to sell your business and you are presented with a Letter of Intent to buy the business. It’s everything you wanted with respect to the price and the buyer is financial sound.
You may be excited about the potential sale but a word…
Central Iowa Business Updates: SEMEE & BIZ
A couple of Central Iowa business updates for your information:
- SEMEE – The next SEMEE (Society for Entrepreneurial-Minded Executives) meeting is scheduled for July 19, 2007 from 6:00 – 9:00 p.m. at the EMC Insurance Building downtown. I attended the February meeting and thoroughly enjoyed it. Last time there were some great presentations by some
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What are the Top Legal Issues Facing Today’s Small Businesses?
I am hoping you will provide me with some input. What do you think are the top legal issues facing small businesses today?
My general sense is that employee/human resource issues rank high. If you are a small business owner, what keeps you up at night from a legal perspective? If you are a lawyer…
The Basics of S Corporation Losses
Over on IowaBiz.com Joe Kristan has an excellent post describing the basic tax treatment of S corporation losses. Joe says,
Bottom line? The ability to deduct business losses is a good reason for many taxpayers to use S corporations. If you expect S corporation losses, talk to your tax pro before year-end to make
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LLC or Corporation Doesn’t Protect You from Unpaid Payroll Taxes
Joe Kristan, Central Iowa’s premier blogging accountant, reminds us in a recent post that LLC and corporation owners are responsible for unpaid payroll taxes. The most important take from the post:
The moral? Never, ever fail to remit your payroll taxes; if you do, don’t expect an LLC, or any other entity for that
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Incorporating Your Iowa Business? Don’t Forget Buy-Sell Agreement
The lawyers at Stark & Stark continue to produce helpful information on their law blog for clients and lawyers alike. The latest article worth reading is from Stuart Mickleberg the Buy-Sell Agreements in Closely Held Business. Stuart says a good Buy-Sell Agreement should accomplish at least four important objectives:
- Providing mechanism for the orderly
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Iowa’s New Targeted Small Business Law
By Rush Nigut on
Governor Culver recently signed into law a bill providing $4 million in funding for Iowa’s Targeted Small Business Program. To qualify under the program a business must have sales of less than $3 million and be at least 51% owned, operated and managed by women, minorities or persons with disabilities.
If you have a…
C Corporation Tax Considerations
I generally recommend that new business clients visit with their accountant before deciding which type of business entity to form. Even if I were to make my recommendation it is helpful to get the advice of the professional who will actually being doing the taxes.
I saw a good post today on some of the…
5 Basic Negotiation Tips for Your Next Business Contract
By Rush Nigut on
Most small businesses will enter into a contract or business deal from time to time. Some agreements may be simple while others may require the skills of a contract or business attorney. In either case, you will want to feel comfortable that you have negotiated your best deal possible. The following are five basic suggestions…