Form a Company

Q.:  We have built enterprise-class software products for banking, education and manufacturing segments. We have an established set of clients and a recurring revenue stream.  How do sell a corporation in the technology industry? A.:  There are a number of issues to consider when you’re looking at how to sell a corporation: When do you […]

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Q.:  I started a business about 15 years ago. Because of sickness, I couldn’t get it off the ground. I never had any revenue or inventory. Now the credit people have it listed as a current business. How do I unincorporate?   A.:  The proper way to close a corporation is to file a certificate […]

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Q.:  What steps do I need to take to purchase a business name from my uncle? The business name belongs to my uncle, and he is going to sell all rights to the name to me. How do we start the process, and where do we go to get the transfer of ownership done legally? […]

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Q.:  How do I completely transfer stock from an old business partner back to myself?   A.:  You have not indicated if you and your old business partner are the only shareholders of this corporation or if there is a shareholder agreement that contains restrictions on, or procedures for, stock transfer. Assuming that there are […]

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Many entrepreneurs have law questions about business licensing and zoning codes.  Does your company need special permits for business?  Without the right business permits or compliance with zoning codes, your company is in danger of operating without a license. Want to know more about business licensing and zoning codes?  From my Ask Entrepreneur column, here […]

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Post image for Basic Training: M is for When ‘Member’ Shouldn’t Mean ‘Owner’

People are getting smart about creating communities online. If you can get people to join, and you provide a benefit at a reasonable cost, chances are you’ll be on your way to building a nice annuity stream. The problem comes (as it does in other kinds of businesses) when the founders want to “sweeten the […]

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Post image for Chasing Your Dreams–an Interview with Robert Tuchman

Ready to chase your dreams of being an entrepreneur? Yes, I mean you. Why not you? Listen in to this lively and informative interview of Robert Tuchman, author of YOUNG GUNS: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own. Robert talks about why the theme of “why not you?” […]

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Q.:  I have a great deal of creative content that is produced in-house, all copywritten materials owned by my company.  I am not only better suited to creating the content, I also prefer to spend more of my time with the creation and marketing of that considerable content than in “protecting” or chasing down the […]

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Q.:  I am currently licensed in my state of residence as a landscaper. Do I need business licensing to provide this service in other states?   A.:  In many states, people who want to call themselves a “landscaper,” “landscape construction professional,” or “landscape architect” or open any kind of landscape contracting business must have a […]

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Post image for Basic Training: L is for Leave Franchising to the Professionals

Franchising can seem like the goose that laid the golden egg. Have an idea, get a system, roll it out, let other people pay you for it. Sit with your feet up sipping mai-tais by the beach, and watch your bank account go ka-CHING.Now for the reality check. Creating a franchise that other people pay […]

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