Topic: business owners

Passing the Torch: How to Plan a Successful Transition of Your Family-Owned Businesses

A key challenge facing many entrepreneurs and small business owners – sooner or later – has nothing to do with running the shop. It’s handing the business off to the next generation. But structuring a transition that will ensure the survival of the company (and the family!) doesn’t happen on its own. For your reference,… Read more »

How Will The JOBS Act Help Smaller Businesses? Here Are 5 Ways

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups (JOBS) Act, which will help small businesses and emerging growth companies raise capital and go public: “The provisions of the JOBS Act represent a watershed change to the laws and regulations governing capital raising for private companies. Some of the provisions –… Read more »

Business Structures: What’s Right for My Company?

Choosing the right business structure can be a daunting decision for an entrepreneur. To help sort through the options, here’s a quick overview of the most common forms of small businesses: Sole Proprietorship “With a sole proprietorship (also known as a ‘sole prop’), you are the business. You can operate under your own name or… Read more »

Will Crowdfunding Supporters Be Disappointed When Legislation (Finally) Arrives?

If you’re an entrepreneur or small business owner, chances are you’re following the progress of draft crowdfunding legislation currently pending before Congress. The lawyers at Davis Wright Tremaine are too. So far, they’re not particularly impressed: “I think crowdfunding is a great idea in concept, but I am afraid that crowdfunding enthusiasts are going to… Read more »

Your Business Healthy? Measure It Against These 10 Best Practices…

From Lane Powell’s Annie Lee, this update contains ten practical suggestions for maintaining the health of your business. It’s like a dose of preventive medicine for your company: “6. Adopt financial controls. Work with your accountant to develop appropriate templates for your general ledger and financial statements. Make sure your bookkeeper, controller or chief financial… Read more »

Immigration and Employment: What Every Business Owner Needs to Know

Immigration issues have come front and center in the employment arena. Here’s a compilation of articles from lawyers on JD Supra on rules and events business owners need to know. Supreme Court Approves E-Verify Mandate (Ronald Shapiro) “Despite opposition from both the U.S. Chamber of Commerce and a number of civil rights groups, the U.S. Supreme… Read more »