Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
RULES OF BUYING A BUSINESS: NO. 1: DO NOT BUY ON EMOTION
Many of us dream of owning our own business and making a fortune. Instead of starting from scratch many people opt to buy an existing business. While it may be less risky to buy an existing business you still need to carefully consider…
How to Hire the Right Attorney for Your Business
There are four professionals that your business will likely need for start-up and beyond.
1) Attorney,
2) Accountant,
3) Insurance Agent, and
4) Banker.
Recently I read article which quoted fitness video guru Billy Blanks as saying he learned how it important it was to hire…
Articles of Incorporation or Organization Only Part of the Story
Now for the rest of the story . . .
Imagine a client that becomes embroiled in a disagreement with a 50/50 business partner. The two formed a LLC through a lawyer who was unfortunately not a business lawyer. The lawyer set up a limited…
Corporate Minutes Help Maintain Limited Liability Shield
Corporate minutes often seem unnecessary and mundane. Here’s an article that discusses the importance of minutes and good record keeping in order to maintain limited liability in your corporation or limited liability company.
Click on the Inc article to learn more.
Thinking of Starting a Business? Consider Bizstarts
Are you starting a business? Do you need financing? Have you developed a marketing plan? Do you know how to do a balance sheet or profit / loss statement?
If you need a little guidance in getting started with your business you should consider calling Monica Dolezal of…
Do you want to build the next Subway? Curves? or Jackson-Hewitt?
Ask yourself these questions in deciding whether you should franchise your business.
1)Are you making a good living in your business?
2)Have you operated multiple locations?
3)Do you have a proven system of operation?
4)Are the profit margins large enough for the franchisee to…
Why Incorporate?
Here are three excellent reasons to incorporate:
1) Protect Your Assets
When you incorporate or form a limited liability company (LLC), you protect your assets including your money and home. As long as you follow the corporate formalities your company is legally separate from you as an individual so that any debts…
Basic Information Regarding Limited Liability Companies In Iowa Guest Blogger: Dennis Puckett of Sullivan & Ward, P.C. a West Des Moines business law firm.
The Limited Liability Company is a hybrid form of doing business that combines characteristics of the corporate structure and the partnership structure. It is a separate entity like a corporation and…
Iowa Registered Agent Services for Businesses:
Sullivan & Ward, P.C. provides Iowa registered agent services for your business. Corporations and limited liability companies are required to appoint a registered agent and office within Iowa to receive service of process. We serve as your business entity’s Iowa designee to accept official documents on your behalf such…
Are you looking to incorporate your Iowa small business? My first word of advice is to speak with an accountant to determine which form of business best suits your tax situation. Your choices likely include the "S" corporation, "C" corporation or you could choose to form a limited liability company.
Some people are inclined to …