10 Great Things About an LLC
February 28, 2017
Here are the top ten things I love about the LLC.
Today on The Profit and Laws Radio Hour In 1978, Apple had cool new computers, but no operating system and no one on their lean staff who could code one quickly. They had started publicizing the Apple II, but they couldn’t get to market without an operating system. Steve…
Help Wanted. I’m looking for a new assistant in Chicago
April 26, 2013
I’m hiring an assistant. Profit and Laws has gotten to the point when it’s time to start hiring full time staff – no more part time contractors. I need someone to do all the stuff that eats away at my time – posting content, sending my replies, organizing seminars, formatting…
On the Radio Thursday Jan 17 – Peaceful Warrior Fred Lichtmacher
January 16, 2013
Fred Lichtmacher is a lawyer who goes after big people who do bad things to smaller people. Fred is here tomorrow on The Profit and Laws Radio Hour to talk about what it takes to go up against the NYPD, the Feds and Big Business. This…
Building Business Credit (Even When Your Personal Credit Stinks)
October 17, 2012
Note to Commecion: Thank you so much for calling in to my radio show today. Since we didn’t get to your question about how do get credit for your business even if your personal credit is bad, here are some tips. Understand that even if you have great personal…
5 Steps to Make Your (Business) Marriage Last
April 23, 2012
As a business lawyer, I sometimes get hired to perform a sort of marriage counseling for business partners. The goal is to preserve the business by coaxing the partners back together or gently breaking them apart. I always know I can save the partnership when each partner asks the…
Ch Ch Ch Changes – A Redlined and a Plain
February 16, 2012
I used to represent a now defunct hedge fund that had a whip smart general counsel. Her standards were high and she prized speed and competence. At one point, I was helping her get licenses to a bunch of algorithms. I drafted the first version of the license agreement,…
6 Ways to Deal with Loan Covenants
January 9, 2012
If you borrow money, you may expect that the terms of the loan, including the loan amount, payment terms, interest rate and all other terms, are listed in the cover letter. The rest of the documents may look like inaccessible lawyer filler that have no bearing on your conduct. …
What’s the Difference between Equity & Debt?
October 10, 2011
Most businesses need cash from the outside for several reasons. First, most businesses need money in greater quantities than the founders have in the bank. Second, many business starters believe that putting any or a lot of their own money in the business clouds their judgment; instead, they prefer…
The federal government collects information about business and products so that everyone can see the impact of business and products on people. We thought we’d fill you in. Here, in Part 2, is our second favorite government database. Name: Recalls and product safety news URL: http://www.cpsc.gov/businfo/reg1.html. What it collects:…