In the last twenty years, business owners and the attorneys who love them have both touted the limited liability company (LLC) entity as a flexible, tax-advantageous alternative to the traditional corporate model, and criticized it as an anemic younger sibling of the once and future...
In December 2013, the Wisconsin legislature repealed portions of the mortgage satisfaction law and enacted an update to its existing statutory scheme. While the updated statutory scheme is based upon the Uniform Residential Mortgage Act, there are a few differences of note. The updated statute...
Co authored by Attorney Joe Boucher In the first part of this post, we suggested that entrepreneurs look outside their own tightly-knit circles of founders and co-strugglers to include outside advisors in the startup process. To recap, Part 1 contained the œWhy: outsiders bring experience, fresh perspective...
Lacking any hard data, it seems safe to assume based on anecdotal evidence that the number of CEOs, Presidents, Directors, Imaginarium Attendants, etc. under the age of 30 has increased significantly since the 20th century. Entrepreneurs’ inclination to create “ and, in turn, own and control...
Small businesses are cash-powered locomotives; without enough working capital, startups are doomed before they even begin. Although venture capitalists, angel investors and institutional lenders make it easier than ever for entrepreneurs to find and get money, nearly every business faces a steep ramp-up period between...
In a recent article (œGive Your Mom a Note: A Few Words on Friends & Family Financing), we suggested that startups in their very early stages would do well to issue simple promissory notes to friends and family, rather than more complicated convertible notes or...