So You Just Want a Boiler Plate Contract?

Asking a lawyer to prepare a “boilerplate” contract is like fingers scratching the chalkboard. Lawyers hate this because it devalues their services. Clients only think they love them. Why are you asking for that? For some reason (actually I know the reason) lately I am being asked by clients to prepare a “boilerplate” contract for.. read more →

Legal Forms on the Web – Do you really need an attorney?

A weak maybe? There are, no doubt, situations where a simple form obtained free or at minimal cost on the web will suit your purposes. Caution is the watchword here. While there are many legal forms available on line, you have no assurance about the quality of these documents. They are often created to cover.. read more →

Do You Change Your Draw or Salary?

An article in the NY Times business section today poses an interesting cash flow question for small business. Even if you are not having a collection problem there are times, especially in these times, that your cash flow will ebb and flow without reason. That can have a substantial impact on your sales targets and.. read more →

What About the Taxes on the Real Small Business Owners

Most small business owners do business as Sub S corporations or other pass through entities. Changing the corporate tax rate will not help them. I know that most of my clients and business acquaintances do business in a form that passes net income through to their personal 1040’s where the tax is paid. But most.. read more →

10 Questions to Ask Before Family and Friends Become Business Partners | Entrepreneur.com

If there was a single piece of advice that I might give to clients who are considering going into business with friends or family it would be to seek out every other possibility. As an attorney who has spent a great deal of time in litigation unraveling the horrible consequences when these relationships fail. I.. read more →

Collecting your money – 5 Steps that can help cash flow

As a small business owner, collecting the money you are owed can be critical. In trying financial times like these, every dollar is important to maintaining your own credit and staying profitable. Because other businesses are also experiencing cash flow problems in this economy, many are managing by taking longer to pay their bills while.. read more →

Notifying Tenants about a Foreclosure

If you have a renter who signed a lease and your property is at risk of foreclosure, that renter may have some protections and rights that you should be aware of. Federal Law In 2009 the federal law known as the “Helping Families Save Their Homes Act of 2009.” was enacted, with the aim of.. read more →

Is Your Contract Notice provision up to date?

What is a Notice Provision Anyway? Almost any contract that is properly drafted will have a “Notice” provision or clause. This clause states where the parties are agreeing to receive notices about matters relating to that contract. This clause is almost always treated as an afterthought. It is an item that should be periodically reviewed… read more →

Single Member Operating Agreements – Do you need one?

Well, if you live in a place where it rarely rains, might you still need an umbrella? Maybe, maybe not. But getting wet is definitely not as severe a consequence as having your corporate veil pierced and your personal assets exposed. This question comes up a lot with small business owners. They file the proper.. read more →

Do It Wrong and your Limited Liability Company will Not Protect You

There’s a reason it’s called a “Limited” Liability Company and not a “No Liability” Company. But just calling yourself an LLC and filing your articles of organization isn’t enough. If something goes wrong, that LLC alone won’t be enough to protect your personal assets. In fact, you may have completely overlooked creating an operating agreement,.. read more →