Whether you are starting a business from scratch or buying an existing business you should consider setting up a corporation or limited liability company (LLC) before you actually sign any agreements or documents relating to your new venture. To the extent possible, avoid signing any contracts, loan agreements or leases in your personal name. In
Incorporation and LLC Formation
San Diego Small Business Law Blog is a Gem
From time to time I enjoy featuring a business law blog worth reading. The San Diego Small Business Law Blog from Joseph Dang is definitely one to check out. Although the blog is centered on California law, Joseph has a number of general posts that are helpful to any small business owner.
In particular, I encourage…
Is Buying a Business or Franchise Right for You?
In these tough economic times many individuals have lost their jobs. As a result, many are thinking of opening their own business or buying a franchise to replace the income lost from their former job. Franchise lawyer Charles Internicola has an excellent post on the topic. Charles has also published a new book, An…
2009 Iowa LLC Law Changes: Real Estate Transfers
My partner Pat Burk weighs in with a blog post on the new Iowa LLC law and real estate transfers. It’s a great blog post because LLCs have long been the entity of choice for real estate ownership. The post includes a discussion on statements of authority and title examination.
Pat distinguishes nicely my…
2009 Iowa LLC Law Changes: A Key Management Provision
This blog post is the fourth in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the…
2009 Iowa LLC Law Changes: Statements of Authority
This blog post is third in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the members.
In…
2009 Iowa LLC Law Changes: Operating Agreement Pitfalls
This blog post is second in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the members.…
Iowa LLC Law Changes: Articles of Organization Disappear
This blog post is first in a series of blog posts highlighting changes in the 2009 Iowa Limited Liability Company Act. The new law applies to all LLCs filed in Iowa after January 1, 2009. The new LLC law will apply to older LLCs beginning on January 1, 2011 unless otherwise agreed by the members.
Beginning…
Significant Changes to Iowa LLC Law Coming in ’09
There are significant changes to the Iowa limited liability company (LLC) statute effective January 1, 2009. The changes include everything from how an LLC is initially formed and filed with the Secretary of State to changes that apply when a member leaves (i.e. disassociates) from the LLC.
Check back over the next couple of weeks for…
Entrepreneurial Roundtable at Impromptu Studio
A great discussion took place last Friday on Twitter among several young entrepreneurs in the Des Moines area. As a result, Daniel Shipton of Impromptu Studio took the bull by the horns and organized an "impromptu" entrepreneurial roundtable discussion for this Tuesday, December 9th from 12:00 p.m. – 1:00 p.m.
The anticipated roundtable will consist of Matt Kinley of Equity Dyanmics…