If you are in the process of starting your own business or interested in starting one I suggest reading the following Entrepreneur article entitled Small-Business Myths Busted.
Starting a Business
Basic Rules for Buying a Business
By Rush Nigut on
Posted in Business Law, Starting a Business
I recently read an article from AllBusiness. The article states that buying an existing business is less risky than starting a new business. The article says there is a lot to say for a proven idea and existing customers.
But watch out when buying an existing business. An existing business may not be worth…
Set Up a Corporation or LLC Before Buying an Iowa Business
By Rush Nigut on
When you buy a business you should consider setting up a corporation or limited liability company (LLC) to buy the business. You should avoid signing any contracts, loan agreements and leases in your personal name. In certain cases you may be required to personally guarantee the loan or other debts but it is still recommended…
Buying an Iowa Business: Due Diligence Checklist
By Rush Nigut on
Posted in Business Law, Starting a Business
If you are interested in buying an existing Iowa business you should take a look at this due diligence checklist provided by Kauffman eVenturing and developed by finance expert Corey Schwartz. Using a due diligence checklist can help you compile the necessary information to investigate a business and negotiate effectively.
For more information regarding the…
Sullivan & Ward Practice Highlight: Rural Electric Cooperative & Public Utility Law
For over fifty years, the Sullivan & Ward law firm has represented rural electric cooperatives and generating electric cooperatives in the state of Iowa, as well as several electric cooperatives from across the country. Our attorneys, including John Ward and Michael Joynt, have gained national recognition for their expertise in the area of rural…
Iowa Corporate & Business Attorney to Write “The Entrepreneur’s Guide to Starting a Business in Iowa”
By Rush Nigut on
Iowa Corporate and Business Attorney to Write "The Entrepreneur’s Guide to Starting a Business in Iowa"
Des Moines,Iowa corporate and business attorney Rush Nigut is currently working on an online handbook entitled, "The Entrepreneur’s Guide to Starting a Business in Iowa". The handbook will appear on the Web site of Sullivan & Ward, P.C.(a…
FACTORS IN FORMING YOUR IOWA BUSINESS
By Rush Nigut on
FACTORS IN FORMING YOUR IOWA BUSINESS
You are considering forming an Iowa small business. What type of business structure should you choose? In Iowa, your choices generally are a sole proprietorship, S corporation, C corporation, or a limited liability company.
Some of the factors to consider in choosing a business structure are:
1) Personal liability…
Importance of Trademarks
By Rush Nigut on
Posted in Business Law, Starting a Business
Importance of Trademarks
Des Moines Iowa patent and trademark attorney Brett Trout recently wrote three good articles on the importance of trademarks. With the Internet, even the smallest of companies should become familar with trademark issues in order to protect their business names and logos.
Go to http://blog.bretttrout.com for more information.
RULES OF BUYING A BUSINESS: RULE NO. 3 – WRITE A CAREFUL OFFER
By Rush Nigut on
Posted in Starting a Business
RULES OF BUYING A BUSINESS: RULE NO. 3: WRITE A CAREFUL OFFER
Once you have decided to move forward with buying a business you should write a careful offer. First, I recommend you consult a lawyer to assist you in writing the offer. The cost is often not as much as people might imagine and…
RULES OF BUYING A BUSINESS: NO. 2 – BECOME AN EXPERT
By Rush Nigut on
Posted in Starting a Business
RULES OF BUYING A BUSINESS – RULE NO. 2: BECOME AN EXPERT
Buying a business at a great price takes work and preparation. If you are not currently an expert in the industry you are considering you should become one. Interview several people in that industry, read books and articles or take classes. Perhaps you…