Entrepreneur Magazine has a good article on Five Overlooked Legal Mistakes Entrepreneurs Make. Those mistakes include:

  1. Making handshake deals with clients and vendors;
  2. Choosing the wrong business structure;
  3. Bring on partners without a detailed agreement;
  4. Establishing a 50/50 partnership;
  5. Filing a trademark without doing enough homework.

In my practice I’ve seen the mistakes outlined

The Des Moines Register reported that investor group Plains Angels has invested $750,000 over the last eight months. This is great news for Iowa startup companies. Venture capital in Iowa has lagged and groups like Plains Angels are definitely trying to change that.

There is a $300 application fee to present before the Plains Angels’

In January  I wrote about the new Iowa Business Specialty Court Pilot Project.  This week the Iowa Supreme Court announced that three judges have been selected to hear cases for the business court. The judges include:

  • Judge Michael Huppert of the 5th Judicial District, which includes Dallas, Polk and Warren counties;
  • Judge Annette Scieszinski

 There are 5 people every entrepreneur should meet when starting a business:

  • Lawyer;
  • Accountant;
  • Banker;
  • Insurance Agent; and
  • Marketing professional.

How do hire a lawyer that’s right for you? See my article on my new site, Iowa Business Law Services.

As we are now in the heart of tax season, many business owners are

 I am very happy to announce my new companion Web site to go along with this blog at www.iowabusinesslawservices.com. The site will feature information on my legal practice areas, a simple way to submit information for formation of a new corporation or LLC and also a video resources section with tips on business and

 The Classic Battle

A group of franchisees file a lawsuit contending the franchisor forces them to buy products and/or services at inflated prices while setting retail prices so low the franchisees cannot profit. The lawsuit also alleges that the franchisor omits or misrepresents key facts about its business operations when selling the franchise.

The

I’ve seen it many times. A certain market or industry becomes "hot" and all the sudden franchises start popping up all over the place. For example, a few years ago the 24/7 fitness market took off. In the Des Moines, Iowa area there were all kinds of fitness franchises that entered the 24/7

This is Lesson #3 in a five-part series on the top reasons I’ve seen franchisees fail. 

Tucked away in nearly every franchise agreement is a provision that very few franchisees consider when they are purchasing a franchise business. The provision I am referencing gives a franchisor the right to sell or transfer its business

 Mike Colwell of THE BIZ posted a presentation I have on Partnering for his Raising Capital series. One of the biggest things a partnership needs is communication. Like any good marriage, communication is the key. Business partners that communicate effectively are much more likely to be successful. Also, proper documentation is a key. Without