Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
I recently had some criticisms of a recent article published on Entrepreneur.com regarding advice for business contracts but I still believe the site is an excellent resource for the business start-up and beyond.
A recent article included the 11 pitfalls of start-up. The site regularly has information on the following topics:
1. Starting a…
An often neglected agreement in the formation of a small business is the buy-sell agreement. Every business that has multiple owners should consider having a buy-sell agreement. Such an agreement covers how an owner can sell shares and how to value those shares. Further, a good buy-sell agreement sets forth what happens in the…
In my last post I talked about my reluctance to recommend do-it-yourself solutions when it comes to business contracts, Wills and other documents. I know it is self-serving but I have just seen do-it-yourself solutions come back to haunt business people too many times to count. If you are a business person you can pay…
As a business lawyer, I am reluctant to recommend do-it-yourself solutions. I have seen many business people run into problems with do-it-yourself contracts, Wills and other documents. With that caveat, the NOLO Web site is a great online resource.
The NOLO site covers several categories including:
I recently read an excellent reminder on corporate governance issues written by business and real estate lawyer Traci D. Ellis.
Ellis wrote that good corporate governance is essential to running and growing a business. Here are some of her examples of good corporate governance:
…
Where should I incorporate my small business? I hear this question a lot from would be entrepreneurs in Iowa. The question used to surprise me but after seeing the numerous advertisements for Delaware and Nevada corporations on the Internet I suppose it is a legitimate question.
Delaware has reputation and history on its side. Delaware’s…
We have started a new tradition. Every Saturday I will point out a great Web resource for business start-ups. Today is one of my favorites.
The Entrepreneurs’ Viewpoint Blog along with the Kauffman eVenturing Web site is one of the best comprehensive resources for businesses on the Web. The site contains orginal articles written by…
If you are starting a business in Iowa you may want to review this site from the IRS and this site from the Iowa Department of Revenue concerning your federal and state tax responsibilities.
I was recently interviewed for an article written by Patt Johnson of the Des Moines Register entitled, "Franchise Owners Buy a Head Start". As a part of my business law practice, I routinely review franchise agreements and Uniform Franchise Offering Circulars (UFOC).
The article featured several franchisees that are pleased with the franchise process and…
The term, renewal and transfer provisions of a franchise agreement are often overlooked by prospective franchisees. Many people focus on getting into the business but how you get out is just as important. Therefore these provisions must be reviewed carefully.
The term of the franchise agreement determines how long the franchisee will be authorized to…