Startups and Entrepreneurs

Asset Purchase or Stock Purchase?

INTRODUCTION Buying a business for many is an opportunity for a fresh start without having to “start from scratch”. There is an appeal in purchasing an existing business because most purchasers believe they can do a better job, or have a newer, fresher vision that will lead to tremendous financial success without the initial two […]

FAQs: Our Trademark Process

Our Fees for Virtual Counsel Members Filing a US trademark application for a name or slogan is a $900 fixed fee broken down as follows: $275 for 1 class of goods/services (included for Virtual Counsel members) $400 for the clearance search/conflicts search $500 for the application. Additional classes (e.g. food in addition to clothing) are $225 […]

INTERVIEW: Talk to Neil

Meet one of my favorite business attorneys Neil Greenbaum as we talk about buying businesses (asset purchase agreements, stock purchase agreements and franchises). It’s extremely informative, and we get some valuable pro tips from the pro himself. Neil. This will surely not be the last interview with Neil. While he doesn’t call himself an “expert” […]

INTERVIEW: Client Spotlight with Ralph Ramirez

I was very excited to get to interview Ralph Ramirez. Ralph is an exceptionally talented client and owner of Townecraft Homewares. In this insightful video you get to hear how he approached this multi million dollar business acquisition, some true “pro tips” if you’re considering purchasing a business, and the critical importance of “evolving a […]

FAQ: The Asset Purchase Process

Many people start businesses by purchasing an existing business. Most business acquisitions are effectuate through an asset purchase. Here, we discuss the process for any asset purchase agreement. Step 1: Draft/finalize/negotiate the Purchase Agreement . You want to ensure that the Purchase Agreement contains the appropriate provisions that pertain to your specific transaction. For instance, […]

Loans or Investors?

Determine the Funding and Capitalization of Your Business Your business plan should adequately address the funding requirements of your Company in order to get the Company off the ground and running. Funding can come from various sources but basically broken down as follows: (a) loans (b) investors Here, we discuss generally some of the pros and cons of each […]

FAQ’s: Forming a PLLC in New York

The following outlines the various processes and costs for creating a PLLC in New York: File Articles of Organization with the NY Department of State. Filing fee $235 Obtain required consent from the New York Department of Education. Filing Fee $110. NOTE: The name must include the profession, name and or/location. Anything outside those rules […]