I was recently interviewed on the Entrepreneur Iowa Podcast by Dan Tooker. Dan is with the Des Moines Radio Group and is also the owner of Franchising Done Right. Dan’s franchise related business helps displaced executives and budding entrepreneurs find franchise opportunities. Dan and I discussed franchising, what it takes to be successful in business,
Iowa LLC Law has Key Changes
In his new blog, Marc Ward of the Dickinson Law Firm, sets out some key changes to the new Iowa LLC Act. One important issue to remember is that by default under the current law, Iowa LLCs are member managed unless unless the articles of organization or the operating agreement provides for management by manager(s).
Buy-Sell Agreements Resource
Is your business in need of a buy-sell agreement? Don’t know how to get started?
An excellent resource worth considering is a book from Z. Christopher Mercer called Buy-Sell Agreements: Ticking Time Bombs or Reasonable Solutions? A blog post from Mercer worth reading also raises an excellent point regarding buy-sell agreements:
If you are in the process of
LLCs Are Not Always Better Than S Corps
I have seen many articles on the Internet which state that you absolutely need to form a limited liability company (LLC) if you are a small business owner. The S corporation, once the darling of small business entities, must now feel like the red-headed step child.
But as New York attorney Derek Underwood points out
Single Member LLCs Allowed in Iowa
For some reason I am not having any success at getting people to comment on a couple of issues: here and here.
But I am receiving a number of requests recently for information on specific subjects. It’s actually fun and gratifying to receive email from readers who say they have been following the blog and
IowaBiz.com: Small Business Site Catching Fire!
The IowaBiz.com site is gaining popularity daily. Yours truly is one of the contributing authors but the other eleven authors have me checking this site every day and reading it through my feedreader. I am continually impressed with the quality of the ideas and concepts developed by the authors. A couple of my recent favorites and applicable to readers of
Ten Tips for New Small Businesses
I ran across this list of tips for new small businesses. Some terrific advice. Here are the ten tips as listed:
- Save up as much money as possible before starting.
- Start on a shoestring.
- Protect your personal assets.
- Understand how–and if–you will make a profit.
- Make a business plan, so matter how short.
- Get and