Buying & Selling a Business

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I recently sat down for an interview with Leisa Fox of the Iowa Association of Business & Industry to discuss wage and hour lawsuits. For a blog post I wrote on the topic see here.

Be sure to check out the other Quick Bits videos on a variety of business topics from

Rush Nigut of Brick Gentry, P.C. will be one of the featured speakers at the Iowa Association of Business and Industry’s Social Media Roundtable on November 14, 2012 at the Honey Creek Lodge Resort. Rush will deliver the keynote general session presentation on New Developments and the Future of Social Media. He will also lead…

Over the last several years I’ve had an opportunity to review many "License Agreements" that were actually thinly veiled attempts by companies to avoid franchising and the disclosures and regulations that come with it. It’s understandable why these businesses might want to avoid franchising. The costs of preparing franchise disclosure documents (FDDs) can be very…

If you’re interested in buying a franchise and in the process of reviewing the franchise disclosure document (FDD), I recommend a post from business attorney and franchise consultant Mike Sheehan on Item 19 financial disclosures. Mike starts his post by giving some good general information about FDDs including the fact, despite the voluminous nature…

A lot of business owners are understandably price conscious when it comes to their business insurance policies. Often, business owners will shop their business insurance and hop from insurance company to insurance company in the hopes of finding the most affordable policy.

The problem with this strategy is that if a claim occurs it may…

Yesterday the United States Supreme Court upheld, in a 5-4 decision, the constitutionality of the individual mandate under the Affordable Care Act. I am no expert on the act and I have not had time to closely review the decision. Consequently, I suggest you do what I am doing and go read some of the…

Mike Colwell of the BIZ recently wrote an excellent post on IowaBiz titled Partnerships a Guaranteed Divorce. Mike explains in his post that wise business people will always plan for the divorce. The end is inevitable, whether it’s due to death, retirement, disagreement or other reasons.

Mike also linked to my recent seminar on…

The Boulder Business Advisor has a general overview of the three main types of business structures and the factors that go into making a decision about which entity to choose for your startup business.

It’s important to get tax advice when deciding what entity is best for you. Another critical question, as mentioned in…

 I was busy reading an article on Why Lawyers Don’t Run Startups (And Why Entrepreneurs Hate Lawyers) when I ran across a terrific lesson learned from the article’s author, Steve Blank. 

In every company that gives you a contract there’s someone who wants a deal. When you run into contract issues, call them first

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