Browsing All Posts filed under »Mike Goodrich«

Conclusion

December 31, 2012

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My main goal in writing this series was to bridge the gap between the expectations of the business owner and the abilities of the lawyer. A gulf exists between the two, and hopefully these articles help to fill the gap. I have tried to provide a little education, which I believe is necessary to have […]

Winding Up Investments Gone Bad From A Business Perspective

December 27, 2012

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Sometimes, despite management’s best efforts to make the business succeed, the business fails. Sometimes, because of management’s insistence on personal gain, the business fails. Sometimes, the two are commingled. Regardless, the result is the same. The company does not perform up to par, and the expectations of return need to be adjusted downward or possibly […]

Generational Transfers

December 13, 2012

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http://www.starwars.com/watch/episode_5_i_am_your_father.html When discussing this topic, I am taking a broader view of what encompasses a generational transfer to include not just family transfers, but transfers to younger employees. Often, a merger from a third party is not desirable or available. The industry, the nature of the business, the fact that the revenue is tied up […]

Getting Your Company Ready To Sell

December 4, 2012

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http://www.youtube.com/watch?v=DI3wjBq3MbQ Many reasons exist that may prompt an owner or owners to begin to at least consider that the time has come to sell a company. Something may be happening with the industry generally; something may be happening with the owner personally. But for whatever reason, “it is time to get ready to sell.” From […]

Mergers

November 29, 2012

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Eventually, all good (and bad) things come to an end. While it is true that some companies last an extremely long time and some companies do get passed down from generation to generation, the overwhelming majority of businesses come to an end. Because no one person can work forever, business owners must contemplate an eventual […]

Board Liabilities

November 20, 2012

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Throughout the dialogue about boards (whether they are at the beginning stage, public company, or advisory boards), the liability question has hung over the discussion like a gray cloud. These fiduciary duties loom as foreboding shadows against the backdrop of public companies where nasty words like “Sarbanes Oxley” strike fear in individuals. In order to […]

Using Advisory Boards in Small Business

November 13, 2012

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In the last two articles, I referenced Advisory Boards and their usefulness in accomplishing goals for small business. Indeed, Advisory Boards are useful tools in small business. If you look at the role of the board as two fold – first, legal monitoring and second, setting the strategic direction – then bifurcating these roles can […]