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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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Some financial planners advertise that you should have a big, long mortgage. On the other hand this article says that entrepreneurs should limit their debt. Which is right? I come down firmly on the side of low debt. A new business will take a while to make a profit. If you are deep in debt, your debt service payments may eat you alive before your company can get established. Financial planners want you to place as much money as possible into an account with them, which they will invest in other people’s companies. I want you to place as much money as possible into an account to build your Continue Reading →
Inc. magazine printed one of the shortest articles I have ever seen in its November 2011 issue. It consists of a quote from a struggling entrepreneur named Tara Hunt, and here it is in its entirety: “If nobody shares they are struggling, nobody will know anybody else is struggling. That results in a bunch of people feeling isolated and scared and like big, fat losers.” – https://www.inc.com/magazine/201111/stop-feeling-like-a-big-fat-loser.html This is full of nuanced implications, but the plea seems to be that all entrepreneurs, business leaders and CEOs should tell each other that they’re struggling. DO NOT BUY THAT ARGUMENT! Tara is right that most CEOs feel isolated. Almost every CEO Continue Reading →
You hear it, and you know it instinctively: Hiring people is a big decision. Your relationship with employees–and even prospective employees–is a minefield of laws, regulations and emotions that makes you cringe whenever you face the need to hire. So there is an enormous amount written about it. At the end of this post are links to just a few of the volumes of articles written on this topic only recently. But I propose that there is an approach to hiring that can put your mind more at ease: View hiring from a strictly contractual viewpoint. What do you do when you deal with a third 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.