The Importance of LLC Meetings: Shielding Your Business from Legal Trouble
Starting a business can be an exciting adventure, but it also comes with essential responsibilities. If you've decided to form a Limited Liability Company (LLC), you're on the right track to protect your personal assets. However, to maintain that protection, you must understand the importance of regular meetings and how they can help prevent "piercing the corporate veil."
Staying Informed and Seeking Legal Counsel - No B.S. Legal Solutions for Your Business
Welcome back to the final installment of "No B.S. Legal Solutions." In this blog, we cover two essential aspects of navigating the world of business law: staying informed and seeking legal counsel. These actions are critical to keeping your business on the right track.
Exiting Your Business Gracefully - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions." This blog explores a crucial business law and strategy aspect: gracefully exiting your business. Whether you are planning to sell your business or pass it on to someone else, a smooth exit is essential for a successful transition.
Business Ethics and Corporate Responsibility - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions." This blog delves into a critical aspect of business law and practice: business ethics and corporate responsibility. Understanding and embracing ethical principles can set your business apart and contribute to long-term success.
Compliance and Regulatory Issues - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions." In this blog, we tackle a topic that every business must navigate: compliance and regulatory issues. These rules and regulations may seem overwhelming, but understanding and adhering to them is essential for a thriving business.
Handling Business Disputes - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions." In this blog, we are tackling a topic that no business owner wants to face but should be prepared for: handling business disputes. Knowing how to resolve conflicts is vital for a successful business, whether a disagreement with a client, partner, or supplier.
Taxes and Business Law - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions," where we break down essential aspects of business law to help you navigate the entrepreneurial landscape. This blog tackles a topic affecting every business owner: taxes.
Employment Law Essentials - No B.S. Legal Solutions for Your Business
Welcome back to the "No B.S. Legal Solutions" series! Today, we are diving into a topic that affects every business with employees: employment law. Understanding the basics of employment law can help you build a positive work environment and avoid legal headaches.
Intellectual Property Protection - No B.S. Legal Solutions for Your Business
Welcome back to the "No B.S. Legal Solutions" series, where we cut through the legal jargon to give you practical insights. Today, we are diving into a crucial topic for any business: intellectual property protection.
Navigating Contracts and Agreements - No B.S. Legal Solutions for Your Business
Welcome back to "No B.S. Legal Solutions," where we are all about giving you the scoop on business law. In this blog, we dive into a topic every businessperson will encounter: contracts and agreements. They might sound intimidating, but we are here to clarify them.
Choosing the Right Business Structure - No B.S. Legal Solutions for Your Business
Welcome back to the "No B.S. Legal Solutions" series! In this blog, we are tackling one of the first and most crucial decisions you will make as an entrepreneur: choosing the proper business structure. Think of it as the foundation of your business – get it right, and you are off to a great start.
No B.S. Legal Solutions for Your Small Business
Hey there, future business leaders and entrepreneurs! Welcome to our blog series, "No B.S. Legal Solutions." Sure, that might make you think, this is B.S. Well, you are right. The Skeen Firm principal, Brocton Skeen, believes in Main Street business and simplifying complex legal issues so those business owners can better serve their communities. If running your business efficiently and legally is essential to you (it should be), you are in the right place if you want to dive into the business world and make your entrepreneurial dreams a reality.
Protect Your ASS-ets
As an entrepreneur or small business owner, you have the drive and ambition to turn your dreams into reality. But before diving headfirst into the business world, it is crucial to understand the importance of entity formation. This article highlights the true value of forming a legal entity for your business and how it can safeguard your assets and propel you toward long-term success.
Succession Planning - The Most Important Business Plan a Small Business Owner Can Make
As a small business owner, you put your heart and soul into building your company. But what happens when it’s time to move on? Whether you are retiring, selling, or passing the business on to your children, you need a plan. That’s where succession and estate planning meet.
Understanding Shareholder Agreements: An Introductory Guide for Business Owners
When an entrepreneur establishes a company, they often focus on the excitement of their new venture and the growth potential. That said, it is equally important to consider the legal aspects that govern shareholder relationships and responsibilities. A shareholder agreement is a crucial document that outlines the rights, obligations, and protections of all parties involved in a corporation. This blog post will provide an introductory overview of shareholder agreements, their key elements, and why they are essential for business success.
5 Years and Counting – 5 Lessons Learned From Running a Business
Before diving into any lessons learned from running a business—a law firm—for the last five years, I would like to thank everyone who has supported me. I especially want to thank everyone who said I was crazy or weird or told me I could not do something.
Hold Up! How Holding Companies Benefit Small to Midsize Business Owners
That Warren Buffett fellow is really onto something, and that’s not even considering his inclusion on the Forbes 400. So, what exactly is he onto? Glad you asked! His company, Berkshire Hathaway Inc., is the gold standard of a holding company (holdco). Hold up, what was that term? A holdco, sometimes known as a parent company, is an entity that owns investments in the form of stocks, bonds, other companies (operating companies/opco), or anything of value. With the definitions out of the way, we can move on to how a holdco can help SMB owners.
Be Like Bob - Succession Planning
Bob is back with a new lesson to help your business. Many small business owners want to retire. Most don't have a plan on how to make that happen. Steven Covey's second habit is, "begin with the end in mind." As a small business owner, determining your exit (end) will guide your corporate structure and business operations. It will also determine the appropriate level of succession planning for your situation. So, whether your business ends when you walk away, you build an empire and sell, or you build a brand with superb systems that can last for decades after you leave, one thing is certain having a succession plan is important.
Be Like Bob - Going Public
This is a simplification of the process of going public, it is an example of the best-known investor exit. Investor exits are a major consideration for business owners, as are returns, growth, and how each of these fits into the investor’s time horizon.
Howdy, Partner!
A lot of small business information available today focuses on LLCs. And while we are big fans of LLCs, there is a more direct and simple solution to get a business going. That solution is a partnership.