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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 →
Should you give stock in your company as compensation for services? Entrepreneurs are always operating on slim budgets, especially as you start out. But you still need to get certain work done. So it’s tempting to offer stock to someone in lieu of paying them cash for services they perform. This sounds easy, but first chill and realize that you are bringing on an owner who will have certain rights guaranteed by law. So think about all of the ramifications. Then draft very detailed agreements to make sure all the bases are covered. Here are 10 questions you should answer before entering into Continue Reading →
[BONUS: I will be talking about Trademark (and Copyright) on Nov 16, 2017 at McLean Business Forum. Join me and 50+ other entrepreneurs and business leaders at 7:00AM, Courtyard Marriott, Tysons Corner, VA. Contact me for more details: email@example.com] As an entrepreneur, you may have a great idea for a product, service, company name, or company logo. This idea will be the foundation of your entire business, and you want to make sure that nobody else can use it. You can apply for a trademark to protect your intellectual property. So, what is a trademark? A trademark is an intellectual property that protects 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.