Crowdfunding 101: What You Need to Know

Funding! It’s the fuel that powers your business. When starting or growing your business, it is often necessary to acquire capital to help get things done. Attaining this funding is often done through loans, venture capitalists, and taking on one or more partners. In addition to these options, the concept of crowdfunding is gaining considerable popularity for raising capital needed by businesses. This can be a Read More

Risky Business: 6 Common Legal Risks Faced by Businesses and How to Mitigate Them

Running a business always entails a certain level of risk. Any good business owner knows that it is important to understand those risks and take the necessary steps to minimize them, in order to succeed and endure. While there are many types of risk that a business may face, legal risks are arguably among the most impactful, and most often overlooked. The following six legal risks are surprisingly common and, if not Read More

Choosing the Right Business Entity for Your Business

When starting a business, there are many issues to consider.. One of the most important is which type of business entity your business should employ. There are several different options, each of which will have implications on the legal structure of the business, the taxes it will owe, and much more. Taking some time to learn about the most common options, and how they will impact you today and in the future, is a Read More

How to Make Your Company More Attractive to Potential Strategic Partners & Investors: Part 2

Welcome back! In part 1 of this series, we discussed some tips for entrepreneurs looking to improve their “hit” rate with potential strategic partners and investors.  In part 2, we’ll explore the problems inherent in the following scenario: You’ve been working on your research diligently. You’ve come up with a technology that has application in over a dozen fields of use.  You’ve collaborated with colleagues at Read More

How to Make Your Company More Attractive to Potential Strategic Partners & Investors: Part 1

Technology is worthless . . . UNLESS someone can translate it into products or services that make a practical difference in people’s lives. Learning how to make that translation is the key to making your company more attractive to strategic partners and potential investors. Let’s begin with a potential scenario – You’ve been working on your research diligently. You’ve come up with a technology that has Read More

Protecting Your Business: Dealing with Employees and Contractors

Employees and independent contractors can be a mixed blessing. They can add tremendously to your business if handled correctly. If handled incorrectly, they can undermine your success and detract from your business. Here we’ll deal with just a few of the issues that the careful founder, researcher and other entrepreneurs should be considering when engaging others to help in his or her venture. First, let’s go Read More

Protecting Your Business: Form of Entity

The form you use to conduct your business has real world consequences. And this applies whether you’re in a high technology business like biotechnology, pharmaceuticals, diagnostics, medicals or diagnostics, or in a low technology business like consumer products, apparel or personal services. Many founders, researchers and other entrepreneurs who start businesses begin as sole proprietorships. In other words, Read More

Five Questions a New Entrepreneur Should Ask in Selecting an Attorney

It’s no secret that the entrepreneur who has just mortgaged his home to launch his business, tends to see the category “Attorney” as strictly on the liability side of the ledger. But taking that view can be short-sighted. A lawyer with business experience can help a company grow and prosper – as well as avoid or mitigate legal risks that can derail success. This is true for all startups, but particularly in those Read More

Choosing a Legal Entity: What You Need to Know About LLCs

Choosing the right entity for your business is one of the biggest decisions you will ever make as an entrepreneur. It affects your personal liability, the way you pay taxes, your operating procedure, and what regulations and restrictions apply to the way you do business. Many entrepreneurs opt to form a Limited Liability Company, or LLC. LLCs are like corporations in that they protect their owners from liability, Read More