What would happen if you lost the assets you rely on to make your business work? You have invested a lot in your business’s physical assets. These assets are often the tools of the business necessary to deliver your goods and services such as your facilities, equipment, and data. Does your business fully protect its physical assets with a proper legal infrastructure?
While your competitors may have ownership issues bogging down their decision making, you will be able to grow together -- or to separate -- with confidence. Learn how to leverage the legal infrastructure tools – the Shareholder Agreement or Operating Agreement, key insurance policies, and a limited liability entity structure, to create strong relationships among owners and ensure the individual owners are protected from the activities of the company and from one another.
When it comes to legal matters and liabilities your business may face, there must be a shield of separation in place to protect your personal liabilities and everything you have work to accomplish in your business. It’s time to deploy the "corporate veil" – strategically leverage your business’ legal entity structure as a risk mitigation tool.
At Pricing Gurus, we believe that value-based pricing allows companies to achieve higher profitability and a better competitive position. Some companies disagree with that perspective or feel they are stuck with cost-based pricing. Let’s explore a few reasons why value-based pricing is generally superior. I like this definition from Wikipedia – “Value-based price is a... View Article
Although we are often distracted at this time of year by fun family gatherings, vacation time, and holiday cheer and events, businesses often take this time to ensure they are ready to start the new year strong. Below are several areas we suggest businesses evaluate as they plan for a successful year: Financial goals. Your... View Article
We often have clients who are in business with others – commonly called “partnerships” even though they are more likely “members” or “shareholders” than partners — where all the partners are working in the business. The elephant in the room for many of these partnerships is whether the relationship will work and what happens if... View Article
Over the years, I’ve seen many families find joy and success in working together in a family business – and of course, some that have struggled to maintain balance between these two intertwined parts of their lives. So what’s the secret to success? First and foremost, I would say a recognition of the fact that... View Article
By Lauren Burgon Effective February 1, 2016, nearly every employee working even occasionally in Tacoma is entitled to paid sick/safe leave under a new Tacoma law. This applies to private sector employees regardless of where their employer is located or the size of their employer’s business. While the Tacoma law is patterned after Seattle’s paid... View Article
Last week the Seattle Times reported that the Securities and Exchange Commission (SEC) filed a civil fraud suit against local developer Lobsang Dargey, alleging that he stole nearly $18 million for his own use from immigrant investors under the EB-5 program. The program allows wealthy foreigners to invest money ($500,000 at a minimum) in a... View Article