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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 infrastructure of your company is the ideas it was built on. Don’t do what governments do with their infrastructure. You should budget to constantly maintain and improve the intellectual capital that forms the basis of your company. There is much discussion over the need to raise taxes to pay for the maintenance and improvement of the nation’s infrastructure. But there would not even be a discussion now if governments had planned for maintenance and improvements at the time the initial investments were made. Similarly, even great ideas get stale in an economy where customers are always looking for the next new thing. So you need to Continue Reading →
If you have a product to sell, chances are you have one major customer with whom you have partnered–a company with a national (or international) sales presence–and you think you will be able to ride that relationship to the big time. Inc. Magazine has an online article about how your Big Partner thinks about you (read the article at https://www.inc.com/kelly-fitzsimmons/strategic-partnerships-view-from-other-side.html). While the article gives some good advice, I can tell you there are a few key pieces missing, things I learned from my days as a software company owner and from my knowledge of the law. Here are those missing pieces. 1. Protect 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.