Why Shareholder Buyout Agreements Are Essential
Like so many marriages, many Wisconsin corporations are often formed in haste by idealistic optimists. They proceed with the corporate charter, the corporate bylaws, the initial election of corporate officers, the securing of appropriate facilities, and the like. What could ever go wrong? The answer, of course, is “Plenty.” One of the founding members of…
How to Protect Your Interests against Hostile Takeovers
Due to the hard work of corporate management and solid effort by employees, a publicly held company sometimes creates a level of inherent value that is not yet reflected in the price of the company’s shares on the open market. In such situations, the company can become the target of outsiders who seek to gain…
7 Tips for Improving the Effectiveness of Your Annual Shareholder Meeting
Corporate officers and directors sometimes view the annual shareholder meeting as the bane of their existence. Indeed, because so many annual meetings are so poorly planned, they can be costly not only in terms of the resources expended, but in the amount of productive time lost. It, of course, need not be that way. With…
How to Avoid Common Startup Pitfalls
A “startup” is a company in the first stage of operations, often initially bankrolled by its entrepreneurial founders. The goal is to capitalize on a product or service for which the founders believe there is demand. “Startup is a state of mind,” to quote an article in Forbes, in which co-founders have traded stability for…
Tips for Starting a Franchise
Franchises in the U.S. date back to the mid-19th Century, when Isaac Singer, inventor of the sewing machine, created franchises as a means to distribute his product over a larger area. Today franchises make up a large percentage of American businesses. They are a popular way to get started, offering built-in access to established brand…
Don’t Allow Personal Relationships to Cloud Business Decisions
Friendship is priceless and makes life worth living, but business is business and should remain so, even in cases in which business dealings involve friends. Handshake agreements can be broken further down the line. When embarking on a business venture with partners, you need a contract, even if your business partners are your friends. Several…
After Data Breach, Sony Paying out Settlements in Class Action Lawsuit
The data breach which led to the ouster of Sony Pictures’ Chairman Amy Pascal has apparently come to a settlement. The settlement will pay out damages to those included in a class action lawsuit, but will not amount to much when all is said and done. Reports have the settlement fund at somewhere between $2…
Things to Know Before Selling Your Business
If you are selling your business, it is important to think like a buyer. If you were a buyer, would you be looking at revenue numbers, or profit? Would you buy a business that offered “potential,” or would you be looking for a business which was established and realizing that potential already? It is important…
Can the Government Lawfully Seize Business Property?
Being an owner of a successful business involves dealing with many obstacles along the way. Market conditions, employee loyalty or dishonesty, competition from similar businesses, taxes, operating expenses, and many other issues that arise can derail the advancement of a thriving business. As if these day-to-day burdens and challenges of running an enterprise are not…