10 Great Things About an LLC

Here are the top ten things I love about the LLC.

6 Contracts You Can’t Do Without

Contracts are the trip wire of deals. Here’s why. With legit business people, you can’t get started on the work or the payments until you sign the contract. Your contract is your reason to write down what has to get done, what has to get paid and by when….

Wells Fargo Business Plan Center

Here’s a story of noble work done by a big bank: Wells Fargo has rolled out an invaluable tool for business owners – a business planning tool. It’s available to anyone – not just bank customers – free of charge. Business plans are mysterious things. Few people know how to…

If We Rewrote Our Laws to Help Entrepreneurs Understand Them, We’d Have More Startups and More Jobs

A major entrepreneurial center in the country, the Kauffman Foundation, has ranked cities and states for small business friendliness. The results are interesting, but not as interesting as the reasons why some areas scored better than others. As it turns out, there are three things that make an ideal place…

Convertible Notes

This one is pretty law geeky, so stay with me. When you go to raise money for your company, you have to decide what you are going to give your investors in exchange for their cash. Your choices are usually a promissory note (if you call the cash a…

5 Things to Do To Sell Your Business Through a Business Broker

AudioBlog: A combination blog post and podcast. 5 Things to Do To Sell Your Business Through a Business Broker Coco Soodek interviewed Tony Calvacca, business broker for 17 years and State Board President of the New York Association of Business Brokers, about the things you need to do to…

3 Things Labor Needs to Do in Order to Thrive

Look, we need labor unions. You and I do better in every way when unions are strong. Take a look at this chart. When union membership goes down, your income shrinks. Why? Because unions push back. Unions force managers to train more, to pay more and to think more…

6 Tips for Picking the Right Shrink

AudioBlog: A combination blog post and podcast. 6 Tips for Picking the Right Shrink In honor of Robin Williams, whose depression and anxiety drove him to his end this week, we hereby declare our full throated encouragement to go get yourself some help. Therapy – hard, bitter, sometimes triumphant…

Lessons Learned from the Casey Kasem Fiasco

Casey Kasem did a terrible job of planning his estate. Here, a bunch of my brilliant Bryan Cave colleagues give some sage advice about what you can do to avoid the storm. I have a different, less technical piece of advice: try and raise kids and pick partners who…

Seven Stories That Will Make You Think

Inversions and Phantom Fiduciary Duties – PracticeLaw.com That argument that big CEOs make to justify moving their company nationalities overseas in order to satisfy their fiduciary duty to minimize taxes? Yeah, that’s bullshit. CEOs and Boards also have no fiduciary duty to maximize profits, particularly short term profits. CEOs and Boards have a…