Make An Appointment for a Free 30 Minute Consultation!
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 Trademark Dilemma In a previous post I discussed the scenario where Alex, a (hypothetical) successful business owner in Virginia, discovered that someone else was using his company’s name in Maryland. While Alex should have registered his trademark when he formed his company in order to protect the name, is it too late now to protect himself against the Maryland-based company’s use of hit name? That depends…. Much of trademark law revolves around the determination of the first company to use a name (or logo) in commerce. But there are practical considerations, or as the courts say it: Different facts, different decision. Registering Trademark Late May Limit Your Protection Let’s suppose, Continue Reading →
Be Both An LLC AND and S-Corp! I hate to see article headlines like this one in Inc.com: “Should Your Business Be an LLC or an S Corp” The fact is that your company can be BOTH an LLC and an S-Corp. Confusion about this topic is pervasive among new entrepreneurs (and business mag reporters). It is perhaps the single most common question I get from entrepreneurs who are just starting out. I have produced a short video on this topic with more details, but here are the basics…. Businesses are formed and registered at the state level. Every state (and DC) allows 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.