There are many entrepreneurs who want to run all their business AND personal expenses through the business. For example, earlier this spring I witnessed a father buying his son’s baseball equipment at a local sporting goods store. I chuckled when he pulled out a company check to pay for the equipment. Sure, one expense might get buried and never
Rush on Business Interactive Learning Environment Coming Soon – Honestly
It has taken longer than I had hoped but my November goal is to lauch the Interactive Learning Environment for clients and others interested in employment law compliance and training, franchising basics and starting up your business. Our initial free program will include a Legal Guidebook on Starting Your Iowa Business. Gradually, we will release more and
Midwest Small Business Conference: October 10 & 11, 2008
The Midwest Small Business Conference is now set for October 10 & 11, 2008 at the Des Moines Marriott. This event is rescheduled from the previous announcement on this blog because the original date conflicted with the Iowa-Iowa State football game. (Conference organizers learned that not even business gets in the way of football). Fortunately the conference was able to
S Corporation Salaries: Must be Reasonable
I have seen many articles on the Internet which state that you absolutely need to form a limited liability company (LLC) if you are a small business owner. The S corporation, once the darling of small business entities, is probably feeling a little lonely these days.
One important aspect of the S corporation is that
IowaBiz: No Billable Hours? New Wave in Hiring Law Firms
Twice a month I blog for IowaBiz which was acquired by the Des Moines Business Record this summer. Since that time it appears the bloggers have stepped up their game. The posts have been informative and entertaining. I encourage you to take a look.
My post today for IowaBiz centers on the trend of hiring
Don’t Keep Your Corporate Name a Secret
Gavin Craig in his new Twin Cities Business Litigation Blog has an excellent post on the importance of making sure the world knows you have a corporate entity. Craig is convinced that many small business owners (especially contractors) do not know how to properly operate a corporation or LLC. Craig says,
When a person incorporates their business, it
It’s Just Good Business
These posts demonstrate some good business basics:
Small Biz Survival has a good blog post on how to keep good tax records.
Kyle Kruidenier of the Iowa Law Blog talks about the importance of thinking with the end in mind when forming a business.
Marc Ward shares why LLC operating agreements should be in
Rush on Business Interactive Learning Environment Coming Soon
With the help of Doug Mitchell and Andy Brudtkuhl I will be going live with an Interactive Learning Environment to complement this blog very soon. The Rush on Business Legal Wire will focus primarily on employment law, franchise due diligence / investigation issues and business purchase or sale considerations. I also hope to attract top speakers to participate in
Where to Incorporate?
Indiana civil and business lawyer Sam Hasler recently expressed his view that the place to incorporate your business is generally in your home state.
I agree with Sam.
Delaware or Nevada may offer viable options for some companies but in general most Iowa small businesses are probably wise to incorporate here in Iowa.
Rush Nigut Appearing on Iowa Business Hour with Jim Goodman
Tonight I will be appearing on the Iowa Business Hour with Jim Goodman from 7:00-8:00 p.m. on 98.3 WOW-FM.
I follow a long line of distinguished guests on the program including the incomparable Brett Trout.
If you don’t have anything else to do take a listen tonight.