Comments on: 10 Legal Mistakes That Can Destroy Your Small Business And How To Avoid Them http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/ crowdSPRING's blog about design, digital creativity, business strategy, and more. Thu, 16 Feb 2012 07:52:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Small Business News: Your Legal Brief | Free Web Design Tucson http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-7190 Small Business News: Your Legal Brief | Free Web Design Tucson Thu, 06 Jan 2011 06:31:12 +0000 http://blog.crowdspring.com/?p=2294#comment-7190 [...] 10 huge small business mistakes and how to avoid them. These errors, while simple to make for the inexperienced, than severely damage or destroy your small business if not carefully considered. You may wish to consult an attorney on some of these issues to be sure you haven’t crossed the line into behavior that could bring about litigation. crowdspring [...] [...] 10 huge small business mistakes and how to avoid them. These errors, while simple to make for the inexperienced, than severely damage or destroy your small business if not carefully considered. You may wish to consult an attorney on some of these issues to be sure you haven’t crossed the line into behavior that could bring about litigation. crowdspring [...]

]]> By: Small Business News: Your Legal Brief | The News blog http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-7186 Small Business News: Your Legal Brief | The News blog Wed, 05 Jan 2011 11:00:27 +0000 http://blog.crowdspring.com/?p=2294#comment-7186 [...] 10 huge small business mistakes and how to avoid them. These errors, while simple to make for the inexperienced, than severely damage or destroy your small business if not carefully considered. You may wish to consult an attorney on some of these issues to be sure you haven’t crossed the line into behavior that could bring about litigation. crowdspring [...] [...] 10 huge small business mistakes and how to avoid them. These errors, while simple to make for the inexperienced, than severely damage or destroy your small business if not carefully considered. You may wish to consult an attorney on some of these issues to be sure you haven’t crossed the line into behavior that could bring about litigation. crowdspring [...]

]]> By: Teach Yourself Small Business Accounting | Small Business Accounting http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1764 Teach Yourself Small Business Accounting | Small Business Accounting Mon, 19 Oct 2009 02:39:42 +0000 http://blog.crowdspring.com/?p=2294#comment-1764 [...] 10 Legal Mistakes That Can Destroy Your Small Business And How To Avoid Them (crowdspring.com) [...] [...] 10 Legal Mistakes That Can Destroy Your Small Business And How To Avoid Them (crowdspring.com) [...]

]]> By: Johnnie Firari http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1763 Johnnie Firari Wed, 07 Oct 2009 03:16:18 +0000 http://blog.crowdspring.com/?p=2294#comment-1763 Great points... Many business start up owners skimp on these areas, thinking they will take care of it down the road. They quickly find out the road becomes tougher to travel and to busy sometimes to take care of some of the previously mentioned areas. Great points… Many business start up owners skimp on these areas, thinking they will take care of it down the road. They quickly find out the road becomes tougher to travel and to busy sometimes to take care of some of the previously mentioned areas.

]]> By: Johnnie Firari http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5804 Johnnie Firari Wed, 07 Oct 2009 03:16:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5804 Great points... Many business start up owners skimp on these areas, thinking they will take care of it down the road. They quickly find out the road becomes tougher to travel and to busy sometimes to take care of some of the previously mentioned areas. Great points… Many business start up owners skimp on these areas, thinking they will take care of it down the road. They quickly find out the road becomes tougher to travel and to busy sometimes to take care of some of the previously mentioned areas.

]]> By: Ross http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1762 Ross Wed, 07 Oct 2009 02:50:51 +0000 http://blog.crowdspring.com/?p=2294#comment-1762 Frustrated owner - good advice. Always important that owners share goals and principles. Things can break down pretty quickly if they don't. Do you have any suggestions for how people could test whether potential partners/owners share their values and goals? Paul - It was written by a lawyer. :) An LLC organizational document isn't required but is always a good idea, to deal with the type of situation you described. Frustrated owner – good advice. Always important that owners share goals and principles. Things can break down pretty quickly if they don’t. Do you have any suggestions for how people could test whether potential partners/owners share their values and goals?

Paul – It was written by a lawyer. :) An LLC organizational document isn’t required but is always a good idea, to deal with the type of situation you described.

]]> By: Paul http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1761 Paul Wed, 07 Oct 2009 00:13:28 +0000 http://blog.crowdspring.com/?p=2294#comment-1761 Reads like it was written by a lawyer. Anyway, kind of vague in some places, but good advice overall. One problem I have is that I have an LLC, but in my state an LLC doesn't have any stock or "units" per say. The owners split earnings based on whatever arbitrary method they choose, as long as it's documented. Also owners can't be employees of the company, which means you have to have all the things that would be in the employee agreements in the organizational documents. Totally agree on the Intellectual property, very hairy subject, most of my legal dollars go to figuring that out. Reads like it was written by a lawyer. Anyway, kind of vague in some places, but good advice overall. One problem I have is that I have an LLC, but in my state an LLC doesn’t have any stock or “units” per say. The owners split earnings based on whatever arbitrary method they choose, as long as it’s documented. Also owners can’t be employees of the company, which means you have to have all the things that would be in the employee agreements in the organizational documents.

Totally agree on the Intellectual property, very hairy subject, most of my legal dollars go to figuring that out.

]]> By: Paul http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5803 Paul Wed, 07 Oct 2009 00:13:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5803 Reads like it was written by a lawyer. Anyway, kind of vague in some places, but good advice overall. One problem I have is that I have an LLC, but in my state an LLC doesn't have any stock or "units" per say. The owners split earnings based on whatever arbitrary method they choose, as long as it's documented. Also owners can't be employees of the company, which means you have to have all the things that would be in the employee agreements in the organizational documents. Totally agree on the Intellectual property, very hairy subject, most of my legal dollars go to figuring that out. Reads like it was written by a lawyer. Anyway, kind of vague in some places, but good advice overall. One problem I have is that I have an LLC, but in my state an LLC doesn’t have any stock or “units” per say. The owners split earnings based on whatever arbitrary method they choose, as long as it’s documented. Also owners can’t be employees of the company, which means you have to have all the things that would be in the employee agreements in the organizational documents.

Totally agree on the Intellectual property, very hairy subject, most of my legal dollars go to figuring that out.

]]> By: Frustrated owner http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1760 Frustrated owner Wed, 07 Oct 2009 00:09:22 +0000 http://blog.crowdspring.com/?p=2294#comment-1760 I would suggest a rule #11: If you are having more than one person as owner. BE CAREFUL, even people that are your friends (specially co-workers) can turn into arrogant people when they feel the "power" of being the owner and make your company sink, and you will be stuck with them for awhile. So be sure the other co-owners have similar management ideas and that you can *really* trust on them. I would suggest a rule #11:
If you are having more than one person as owner. BE CAREFUL, even people that are your friends (specially co-workers) can turn into arrogant people when they feel the “power” of being the owner and make your company sink, and you will be stuck with them for awhile.
So be sure the other co-owners have similar management ideas and that you can *really* trust on them.

]]> By: Frustrated owner http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5802 Frustrated owner Wed, 07 Oct 2009 00:09:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5802 I would suggest a rule #11: If you are having more than one person as owner. BE CAREFUL, even people that are your friends (specially co-workers) can turn into arrogant people when they feel the "power" of being the owner and make your company sink, and you will be stuck with them for awhile. So be sure the other co-owners have similar management ideas and that you can *really* trust on them. I would suggest a rule #11:
If you are having more than one person as owner. BE CAREFUL, even people that are your friends (specially co-workers) can turn into arrogant people when they feel the “power” of being the owner and make your company sink, and you will be stuck with them for awhile.
So be sure the other co-owners have similar management ideas and that you can *really* trust on them.

]]> By: Ross http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1758 Ross Thu, 24 Sep 2009 18:36:06 +0000 http://blog.crowdspring.com/?p=2294#comment-1758 Jonathan - that's very good advice. Thanks. Jonathan – that’s very good advice. Thanks.

]]> By: Ross http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5801 Ross Thu, 24 Sep 2009 18:36:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5801 Jonathan - that's very good advice. Thanks. Jonathan – that’s very good advice. Thanks.

]]> By: Jonathan http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1757 Jonathan Thu, 24 Sep 2009 18:04:31 +0000 http://blog.crowdspring.com/?p=2294#comment-1757 Lawyers who take equity stakes in part/all payment of legal fees need to thread a narrow ethical needle. Those so inclined should pay close attention to their states' canons and other rules. Lawyers who take equity stakes in part/all payment of legal fees need to thread a narrow ethical needle. Those so inclined should pay close attention to their states’ canons and other rules.

]]> By: Jonathan http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5800 Jonathan Thu, 24 Sep 2009 18:04:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5800 Lawyers who take equity stakes in part/all payment of legal fees need to thread a narrow ethical needle. Those so inclined should pay close attention to their states' canons and other rules. Lawyers who take equity stakes in part/all payment of legal fees need to thread a narrow ethical needle. Those so inclined should pay close attention to their states’ canons and other rules.

]]> By: Twitted by pipelineb2b http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1755 Twitted by pipelineb2b Tue, 22 Sep 2009 10:24:56 +0000 http://blog.crowdspring.com/?p=2294#comment-1755 [...] This post was Twitted by pipelineb2b [...] [...] This post was Twitted by pipelineb2b [...]

]]> By: Legal Mistakes Not To Make For A Small Business | Business News http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1753 Legal Mistakes Not To Make For A Small Business | Business News Wed, 16 Sep 2009 18:50:59 +0000 http://blog.crowdspring.com/?p=2294#comment-1753 [...] crossed, otherwise you could end up making a very costly mistake for your business down the road. Crowdspring has a list of common mistakes that small businesses often [...] [...] crossed, otherwise you could end up making a very costly mistake for your business down the road. Crowdspring has a list of common mistakes that small businesses often [...]

]]> By: Legal Mistakes Not To Make For A Small Business - Business Opportunities Weblog http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1752 Legal Mistakes Not To Make For A Small Business - Business Opportunities Weblog Wed, 16 Sep 2009 18:06:53 +0000 http://blog.crowdspring.com/?p=2294#comment-1752 [...] crossed, otherwise you could end up making a very costly mistake for your business down the road. Crowdspring has a list of common mistakes that small businesses often [...] [...] crossed, otherwise you could end up making a very costly mistake for your business down the road. Crowdspring has a list of common mistakes that small businesses often [...]

]]> By: Susan http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1751 Susan Wed, 16 Sep 2009 01:34:27 +0000 http://blog.crowdspring.com/?p=2294#comment-1751 I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. Susan I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Susan

]]> By: Susan http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5799 Susan Wed, 16 Sep 2009 01:34:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5799 I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. Susan I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Susan

]]> By: Team The Rise To The Top http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1750 Team The Rise To The Top Tue, 15 Sep 2009 19:03:15 +0000 http://blog.crowdspring.com/?p=2294#comment-1750 I think you hit it right on one of the biggest problems is lack of organization, filing important documents and holding on to them, which in turn will help you organize your corporate records. Good advice for business owners who aren't sure of the legal side of starting a business. I think you hit it right on one of the biggest problems is lack of organization, filing important documents and holding on to them, which in turn will help you organize your corporate records. Good advice for business owners who aren’t sure of the legal side of starting a business.

]]> By: Team The Rise To The Top http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-5798 Team The Rise To The Top Tue, 15 Sep 2009 19:03:00 +0000 http://blog.crowdspring.com/?p=2294#comment-5798 I think you hit it right on one of the biggest problems is lack of organization, filing important documents and holding on to them, which in turn will help you organize your corporate records. Good advice for business owners who aren't sure of the legal side of starting a business. I think you hit it right on one of the biggest problems is lack of organization, filing important documents and holding on to them, which in turn will help you organize your corporate records. Good advice for business owners who aren’t sure of the legal side of starting a business.

]]> By: Valuable Internet Information » 10 Legal Mistakes That Can Destroy Your Small Business And How To … http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1749 Valuable Internet Information » 10 Legal Mistakes That Can Destroy Your Small Business And How To … Mon, 14 Sep 2009 21:57:49 +0000 http://blog.crowdspring.com/?p=2294#comment-1749 [...] Read the original:  10 Legal Mistakes That Can Destroy Your Small Business And How To … [...] [...] Read the original:  10 Legal Mistakes That Can Destroy Your Small Business And How To … [...]

]]> By: 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Corporations LLC http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1748 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Corporations LLC Mon, 14 Sep 2009 19:25:25 +0000 http://blog.crowdspring.com/?p=2294#comment-1748 [...] Read m­ore here: 10 Legal Mistak­es Th­at Can­ D­estro­y­ Y­o­u­r Small ... [...] [...] Read m­ore here: 10 Legal Mistak­es Th­at Can­ D­estro­y­ Y­o­u­r Small … [...]

]]> By: 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Business Resource http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1747 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Business Resource Mon, 14 Sep 2009 11:08:09 +0000 http://blog.crowdspring.com/?p=2294#comment-1747 [...] View original post here: 10 Legal Mistakes That Can Destroy Your Small Business And How To … [...] [...] View original post here: 10 Legal Mistakes That Can Destroy Your Small Business And How To … [...]

]]> By: 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Small Business http://blog.crowdspring.com/2009/09/10-legal-mistakes-that-can-destroy-your-small-business-and-how-to-avoid-them/comment-page-1/#comment-1746 10 Legal Mistakes That Can Destroy Your Small Business And How To … « Small Business Mon, 14 Sep 2009 10:33:49 +0000 http://blog.crowdspring.com/?p=2294#comment-1746 [...] Vi­ew ori­gi­n­­a­l­ p­ost­ here:  10 Leg­al Mist­akes T­hat­ C­an­­ D­est­roy Your Small ... [...] [...] Vi­ew ori­gi­n­­a­l­ p­ost­ here:  10 Leg­al Mist­akes T­hat­ C­an­­ D­est­roy Your Small … [...]

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