We all can tend, at times, to take ourselves a bit too seriously. Lawyers, in particular, have a tendency to fall victim to this vice. So, in the spirit of self-abasement, I offer the following quote from my 10th-grade daughter’s history book regarding 18th century attorneys: “At first the law profession was not favorably regarded. In […]
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Noisy Windbags and Trouble-Making Rogues
A couple of weeks ago we looked at capitalization of your company through the offer and issuance of stock, and how state and federal securities laws can impact such a plan. Having discussed the regulatory impact of equity interests, let’s shift gears and look at the tax impact of using equity as an employee benefit. […]
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The SEC — Not Just a Sports Organization!
Financing your business — particularly a start-up — can be difficult. Starting a business can be expensive, and frequently (much more often than not!) the business owner just doesn’t have a lot of money to pour into it to get things up and running. This can wind up causing a whole host of problems, if […]
Read moreBy now you may have heard of this strange and wonderful creature called the “series LLC,” and wondered just what that is, and whether it is right for your business. Well, wonder no more. Although series LLCs are actually quite complex entities, we can offer some general observations that will help to clear up much […]
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Business Succession Planning
As a business owner, you invest a great deal of time, money, sweat, worry and care into your business. You nurture it through the hard times, expand when times are good, and try your level best to build it into something to be proud of. Good for you! But . . . what is going […]
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The Law of the Gun
Lawyers have to get 12 hours of continuing legal education every year to keep their law license, because the law is constantly changing, and we hold people’s future in our hands. Gun owners should be responsible enough to invest a few bucks and a few hours a year to refresh their understanding of the law, […]
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Happy Memorial Day
The Declaration of Independence — a copy of which hangs behind my desk in my office — rightly affirms “that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” Notwithstanding the truth of these words, they would […]
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In The World, But Not Legally Compliant
You may have heard the common aphorism that Christians “are in the world, but not of it.” (The Bible doesn’t actually contains those words exactly; the proverb is derived from Jesus’s teachings in John 15:19 and 17:14-16.) As a Christian theological position, this is a fairly uncontroversial statement. As a legal one, particularly for churches, […]
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The S-Corp — Demystified
One of the most common misunderstanding/misconceptions I run into in the business world is the nature and role of S-Corps. Most small businessmen know that there is such an animal as an S-Corp, but they don’t really know what it looks like or what it does. In fact, I often hear a business owner proclaim […]
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I have a confession to make: I’m a bit of a geek (or maybe a nerd; I never could figure out what the difference is). I say that because I enjoy drafting contracts. One of the reasons I like to engage in such geekdom is that (1) drafting a contract for a client forces me […]
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