Remember registering a “Franchise” with the SBA is mandatory…at least it is if one plans to use SBA financing.
The U.S. Small Business Administration created the SBA Franchise Directory to try and streamline the process for entrepreneurs looking to access capital. According to SBA Associate Administrator Willam Manger, “It’s a one stop shop to check the growing list of eligible brands for SBA financing. Since its establishment, the Directory and new procedures have received extremely […]
Estate Planning as a Business Owner
A business owner’s estate plan, no matter how complex, can be implemented any time before death, so long as the testator is still legally competent (“sound minded”, including that they understand the nature of making a will, the extent of his/her property, and know who would be considered the natural object of his/her bounty, etc.). Regardless, […]
Year-End Planning is a MUST….it’s also good to include your general counsel.
The year-end is coming up and planning for 2018 should be underway at most companies. If you haven’t started yet, or if you have, I think one quick story might be instructive about why it’s a good idea to include your general counsel in the process.
Check out: “Annual Legal Checklist”
Often Legal Issues Are Overlooked Until It’s Too Late…
Organized for success…choice of entity with new companies
Many new (and even some experienced) entrepreneurs seem to struggle with the dizzying array of business entity choices and their various combinations. To name a few there are: proprietorships, partnerships, limited partnerships, LLPs, LLCs, Trusts, Corporations and S-corporations. Each entity has its place and time, but for high growth potential businesses I will choose a […]
