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Most people don’t take time to read the contracts they sign. That’s dangerous because your signature is taken for an admission that you’ve read the document. As your business grows and you begin outsource, you’ll hire a good business attorney to handle contract review and negotiations for you. Until then, you need to be responsible. Unfortunately, many contracts seem daunting because of their length and because you don’t know what to look for. So for the hurried entrepreneur who doesn’t have a lawyer, here are the seven must-read sections in contracts you are asked to sign. What are each party’s duties? When someone Continue Reading →
When you’re just beginning as an entrepreneur, you are not only the chief operating officer of your company, but you also haul your own trash and write your own contracts. While being your own trash collector might not harm you if you do it incorrectly, being your own business lawyer could eat your money unless you learn some basics about writing contracts. Here are seven things that could help you when drafting your own agreements. Start with templates. Even lawyers rarely draft contract from scratch. There are many online services that will sell you basic contract templates for $25-$75. Buy several Continue Reading →
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Thanks to Mayur Raichura for sharing this article comparing the relative advantages of youth versus experience when starting a company. But I have a different take on the controversy of ageism in entrepreneurism. The truth is that success follows neither the experienced nor the youthful, success follows those who are willing to take the risk to act on ideas. Often younger people feel like they have less to lose so they are willing to take risks. But more experienced individuals may have more resources to back them up after planning their careers just for the moment they can leave their jobs and Continue Reading →
Happy Days Are Here Again! One year ago today, I posted that “Now Is The Best Time In 20 Years To Start Or Grow Your Company.” That post predicted what would happen when Congress and the new President repealed Obamacare and Dodd-Frank. At the end of that post, I said I would write next about “Common Sense Corporate Taxation.” I had been intending to write about the often-predicted positive effects of a lower corporate tax rate. I never got to that next post, because I was demoralized by a small group of Republican Senators who blocked the repeal of the first two elements Continue Reading →
In this video (at minute 3:00) the panelists discuss the emotional component of family-owned businesses. “Their decision-making is horribly broken” (at minute 3:55). The consensus on how to fix this: Bring in a dispassionate third party to guide the management and decision-making process. What better candidate for an independent third party can there be than an attorney who has real experience operating his own small business? If you plan to pass your company on to the next generation, consider forming or expanding your board of directors and bringing on an attorney with experience operating a business as well as with corporate law. Argent Place Law, PLLC focuses 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.