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I have been getting a lot of inquiries lately about what to do if you are a prospective employee of a start-up company and the owner(s) offer you stock in the company in lieu of salary. If you are an employer-entrepreneur, my first instinct is to say: “IF AT ALL POSSIBLE, DO NOT DO THIS!” The absolutely last thing you need is a bunch of minority shareholders walking around the hallways bitching that they could run the company better than you do and deciding in the best interest of their shares they are not going to follow the direction given to 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 →
PNC Bank is reporting results from a survey of small business owners. Here’s a summary: Sales are weak, and 18% are optimistic about the next 6 months, while 24% are pessimistic. Only 20% of small business owners plan to hire over the next six months. But about one-third plan to raise prices, and 40% expect sales to increase , 29% expect profits to increase, and 61% plan some capital spending. A cursory glance at the way PNC reports their own results would lead you to believe that small business owners are in the doldrums. In fact, a deeper look reveals that there is little consensus over 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.