Crowdfunding: The Next Evolution of Small Business Finance–Part II

Crowdfunding 101 The concept of raising large amounts of money for popular causes through small dollar-value subscriptions is almost as old as the U.S. itself. Crowdfunding using Internet platforms currently is limited to two basic types: donation or reward-based. Through forums such as Kickstarter, modern individuals and businesses solicit funding for worthy projects from millions … Read more

Crowdfunding: The Next Evolution of Small Business Finance

Much has been written about the potential of new, equity crowdfunding in the United States to double the impressive amounts already raised by businesses this year using existing platforms for donation or reward-based crowdfunding. Strictures in U.S. federal laws, until now, prevented American small businesses from selling ownership or “equity” in their enterprises to unaccredited … Read more

5 Agreements Every Successful Business Needs

Recently, I read an article at Entrepreneur.com called, “3 Agreement Types Every Entrepreneur Needs.” The article was written by an attorney now working for LegalZoom. As we might expect, it focused on the form agreements one would need when starting a business with the author stating entrepreneurs require three basic forms: owner agreements, worker agreements, … Read more

4 Reasons the Business Law Firm You Hire Should be as Entrepreneurial as You Are

In a recent article in the ABA Journal, law firm consultant Bruce MacEwen opines that attorneys in major law firms can never be entrepreneurial. “Lawyers’ desire for current income is ‘totally incompatible with being an entrepreneur,’ Mac Ewen says. ‘If really you’re going to be an entrepreneur, you have to say, to heck with today, … Read more

1 Setting You Should Change in Your Google Account TODAY!

Beginning today, Google will begin using your name and photo without compensation in product ads based on your web reviews. It obtains your information from your Google+, G-mail, YouTube, or other Google-controlled accounts. The good news is: you can opt out. (You can even do it from your smart phone.) The bad news is, perhaps … Read more

5 Things Every Owner Should Know About Business Divorce

No matter whether you are a limited partner, a member of a limited liability company, or a shareholder in a small corporation, breaking up is hard to do.  When it comes time to split from your soon-to-be ex-business partners, however, the following are a few of the things you need to know. 1.            The property … Read more

S-Corp v. LLC. Why not both?

Have you ever been advised that you should “form an s-corp” for business tax purposes even though you really want to take advantage of the superior liability protection and ease of administration of a limited liability company (“L.L.C.”)?  This is a common apparent dilemma many of my clients present to me in our initial meeting.  … Read more