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This post is the first part of a series on the most important thing you—the entrepreneur, or soon to be one—should be working on. You’ve heard that you’re supposed to work “on your business, not in it,” but you have no idea what that means or where to start. You have a lot of work to do—development, market analytics, sales, employee issues, getting or managing investors. The list is endless and all of it seems to come at you at the same time. So every morning you attack the project that appears to be the most urgent, and by the end of the day Continue Reading →
In a recent post on LinkedIn, Ben Mangan (Who?, you might well ask) wrote this: [S]ome of the most influential people in [Silicon] Valley seem to believe that the panacea for the country and the world is for nearly everyone to become an entrepreneur. I think this is a dangerous idea. [Emphasis added-MM] Really?! This Ben Nobody thinks that the idea of having nearly everyone become an entrepreneur is a dangerous idea?! He gives hokey reasons behind this wild critique of entrepreneurism. For example, it’s really hard; most people don’t have the appetite for the risks and hardships; most enterprises don’t make it. Huey! Look back at the Continue Reading →
Inc. online reports that many small business owners want to sell their companies before the end of 2012. What’s more, there is a lot of interest in buying companies. One major reason for the selling interest is that capital gains taxes are set to rise by five percentage points, from the current 15% to 20% on the profit on the sale. If you get $5million for your company, most of that will likely be capital gains, so you would pay an extra $250,000. That’s a lot of cash, but if you haven’t prepared your company for the sale, it’s a pittance Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.