To Avoid Personal Liability, Sign as an Officer

Small business owners may inadvertently create personal liability in the way they execute documents,… [more]

To Avoid Personal Liability, Sign as an Officer To Avoid Personal Liability, Sign as an Officer

What is Preferred Stock?

Investors in your company likely will want special rights for their investment.  As holders of common… [more]

What is Preferred Stock? What is Preferred Stock?

What is SJF Ventures III, L.P.?

In early March, the Small Business Administration (SBA) heralded the licensure of the first nationally-focused… [more]

What is SJF Ventures III, L.P.? What is SJF Ventures III, L.P.?

Why Are LLC Operating Agreements So Complicated?

With an LLC structure, there are few rules and many options. Although addressing these choices generates paper, clarity among the owners is critical.

Why Are LLC Operating Agreements So Complicated? Why Are LLC Operating Agreements So Complicated?

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  • To Avoid Personal Liability, Sign as an OfficerTo Avoid Personal Liability, Sign as an Officer

    Small business owners may inadvertently create personal liability in the way they execute documents, such as purchase orders, contracts, and other agreements. For most small companies, the founder (an owner), also serves as a member of the board of directors and acts as the president (an officerContinue reading… »

  • What is Preferred Stock?What is Preferred Stock?

    Investors in your company likely will want special rights for their investment.  As holders of common stock (or common units in a limited liability company) their rights and privileges would be the same as every other owner.  This is usually not acceptable to investors.  There are two sets ofContinue reading… »

  • What is SJF Ventures III, L.P.?What is SJF Ventures III, L.P.?

    In early March, the Small Business Administration (SBA) heralded the licensure of the first nationally-focused “impact investment fund”.  This initiative is part of the White House’s effort to increase investment in high growth firms.  The SBA’s Small Business Investment Company (SBIC)Continue reading… »

  • Why Are LLC Operating Agreements So Complicated?Why Are LLC Operating Agreements So Complicated?

    Entrepreneurs organizing their new business entity often quickly discover that for all of its benefits - an LLC can be a complicated structure. Even a simple multi-owner operating agreement could easily be 50 pages long. In the early days of LLC organizations, more than a few entrepreneurs neverContinue reading… »

  • What is the Difference Between an S Corporation and a C Corporation?What is the Difference Between an S Corporation and a C Corporation?

    When the organizers of a new corporation file the Articles of Incorporation, the state government grants the organizers a charter and the new entity comes into existence.  This charter grants the new entity the right to conduct business, sell capital stock, and own property, among other rights. Continue reading… »