Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
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.
Over the past twelve years I have had the opportunity to work with well over one hundred businesses. Many of them have been successful but many of them unfortunately did not make it. The common thread among those that did not make it? You guessed it. No written business plan and in most cases no…
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…
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…
Settle Stubborn Business Disputes Like Lincoln: Mediate
In his Notes on the Practice of Law, Abraham Lincoln wrote:
"Discourage litigation. Persuade your neighbours to compromise when you can. Point out to them how the nominal winner is often a real loser – in fees, and expenses, and waste of time. As a peace maker, the…
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…
Flu Pandemic Planning for Business – Alert Guest Blogger: Mark Landa of Sullivan & Ward, P.C.
In a recent Boston Globe article highlighting the emphasis on corporations planning to meet the challenges to be posed by a flu outbreak, it was asked, "If a super-flu sweeps the globe, who will haul away the garbage? Keep…
Tips to Protect Your Business and Customers from Identity Theft
If your business maintains people’s information, you must protect that information from misuse. Here are some basic tips from the Better Business Bureau, National Cyber Alliance and Federal Trade Commission.
1. If you do not need the information, do not collect it. The more information…
How to Preserve Corporate Status and Maintain Limited Liability: Follow simple steps to preserve your corporate status and maintain limited liability.
If you are careless about maintaining the separation between the corporation and yourself, you can jeopardize your freedom from personal liability or certain tax benefits – the main reasons to incorporate. It is rare…