Should we We should talk about updating your company minutes. Call me directly on to talk about the condition of your company minutes. FREE. No charge. No obligation. No strings. I can help you make minutes, update them, reconstruct them . . . and keep them current and in good order. This is important. If you […]
Archives for September 2014
“Insider” Loans: What You Should Know
Part 3: Loan Docs
Part 3: Loan Docs* Small, closely held corporations many times prefer to borrow money from their shareholders instead of from a bank. The shareholders may also be actively involved in managing or directing the business, and are usually willing to loan money to the corporation when it needs operating funds, or to make a major […]
Tip of the Week: Prescriptions for Geniuses
I read recently of a man who had cataracts removed from both eyes. He had to buy eye drops to fight infection after the surgery. A single bottle of the drops cost close to $300. He had each cataract removed separately. He paid the $300 for the drops after the first procedure. After his second […]
Avoid Confusion: Keep A Record
Try keeping track of potentially confusing details in you head, without writing them down for the record. This can be nearly impossible considering the sheer amount of ‘stuff” there is to track. When it comes to corporate decisions, director’s intentions, resolutions, authorizations, timetables, and all the “formalities” of governing your company, put it in writing. Actually, […]
“Insider” Loans: What You Should Know
Part 2: Full Disclosure
Full Disclosure* Following the rules that pertain to “insider” loans (i.e. loans to officers, directors or shareholders with a financial interest in the loan) can help avert a future challenge by another shareholder, a creditor, or other party that might claim an interested insider should be personally liable for any advantage or financial gain they […]