In his new blog, Marc Ward of the Dickinson Law Firm, sets out some key changes to the new Iowa LLC Act. One important issue to remember is that by default under the current law, Iowa LLCs are member managed unless unless the articles of organization or the operating agreement provides for management by manager(s).
Franchise Due Diligence: Ask what they don’t do well
One of my franchisee clients offered a very simple question that every prospective franchisee should ask of other franchisees when conducting due diligence:
What doesn’t the franchisor do well?
He says this evoked the best responses from franchisees when he conducted his due diligence. If you are considering a franchise be sure to talk to
Iowa Small Business Financing & Assistance Program
A new program from the non-profit Iowa Foundation for Microenterprise and Community Vitality (IFMCV), will provide a statewide mechanism for Iowa’s microentrepreneurs to connect with community development agencies for assistance. Among the groups spearheading the effort are the Greater Des Moines Community Foundation and the Community Vitality Center (CVC), a policy analysis center based at
Iowa Secretary of State Corporate Biennial Reports Due Today
It’s no April Fool’s joke, the Iowa Secretary of State corporate biennial reports are due today, April 1, 2008. If you have not filed your report be sure to do so today. In Iowa, limited liability companies are also required to file the report. If you file online the cost is $30.00 for the filing
Form an Iowa LLC or Incorporate – Small Business Formation Package
Attorney Rush Nigut of Brick Gentry P.C. has set up an affordable online service targeted directly for small business owners. He routinely counsels clients on legal issues relating to business formation including whether to form a limited liability company (LLC) or a corporation. Your choice of business entity is an important decision that will impact
Great Business Resources
Ohio business lawyer Terri Rasmussen has an excellent overview of the resources available on the SBA Website. (With a hat tip to Joel Libava on the Small Business Trends Blog for the original post). Terri also refers to a helpful post from Anita Campbell on the Ten Ways Business.gov Helps Your Business.
While I
A Must Read: Cautionary Tale About Partnership
A cautionary tale about partnership from Richard Fox on the Kauffman eVenturing site is an absolute must read. Fox shares how he thought his legal background would protect him well as he created shareholder agreements, buy/sell agreements, voting trusts, special bylaws and articles of incorporation when he entered into a business partnership. But even he was surprised
Rush Nigut Joins Brick Gentry, P.C. Law Firm
Today is my last day with the Sullivan & Ward law firm. This coming Monday I am taking a hop, skip and a jump over to the law firm of Brick Gentry, P.C. in West Des Moines, Iowa. This is actually almost literally true as the Brick Gentry law firm is located across the parking lot just to the west
Ten Tips for New Small Businesses
Here’s some great tips for new small businesses. Some terrific advice. The top ten tips as listed:
- Save up as much money as possible before starting.
- Start on a shoestring.
- Protect your personal assets.
- Understand how–and if–you will make a profit.
- Make a business plan, no matter how short.
- Get and keep a competitive edge.
- Put
Blawg Review #147
Welcome to a RAGBRAI inspired Blawg Review. What is RAGBRAI? The Register’s Annual Great Bicycle Ride Across Iowa is an annual seven-day ride across the state. Heading into its 36th year, RAGBRAI is the longest, largest and oldest touring bicycle ride in the world. It’s not a race. It’s an experience. And since Blawg