On January 1, 2015, the new Alabama LLC Act will go into effect, bringing many changes to the legal entity in the state. Some of the changes that will go into effect next year have been long awaited, but others are more questionable.
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One of the questions I am asked most often is "How do I find an investor for my business?" However, having an investor can make life easier or a hell lot harder for an entrepreneur. That’s the reason why entrepreneurs need to consider a few factors before choosing investors for their businesses.
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Do you use a VA that is inconsistent? Using Evernote with a virtual assistant can increase your productivity and profitability, but only if done correctly.
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When you are starting a business, you need to have an experienced attorney on your side to feel confident that you are playing your cards well. An attorney can help in many ways, like represent you in litigation, advise and negotiate on your behalf with customers and vendors, help you with the incorporation process, protect intellectual property, and draw up your contracts. While hiring an attorney, make sure to find someone who is responsive, competent and experienced with types of legal issues with which you may need help in the future.
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When you plan to start your business, choosing a well-experienced, qualified banker is one of the most important decisions you can make to ensure a your business is successful. A good banker is going to provide you sound advice on financial matters like how much and where to invest in your business, types of investment, how to manage solicitations to investors, how to proceed with any negotiations, etc. There are many reasons why it is necessary to seek advice of a banker when you decide to start your own business.
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Tripp Watson and Steve O'Neil present information on the ways to exit a business, and the methods for increasing the value of your business during a sale.
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In consulting with start-ups, I consistently see the same problems over and over again. Place this Creed somewhere where you will see it every day so that you will not make the same mistakes as those before you.
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A non-exhaustive list of everything you need to start a business in Alabama
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One of the most common fears entrepreneurs express to me is the fear of bringing a product or service to market “too late." They are typically worried about their good ideas getting stolen, going to waste in somebody else's business, and not being able to capitalize them themselves. Typically, this fear is the fear of not being able to capitalize on what is considered the “First Mover Advantage."
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Earlier this month on December 2, 2013, the United States Court of Appeals for the 11th Circuit entered a judgment against Joseph Mosseri, granting Louis Vuitton’s request for (1) a default judgment and a permanent injunction; (2) orders requiring the domain names of the websites “lazata.com” and “pendoza.com” be made inoperable; (3) $324,000.00 in statutory damages under 15 U.S.C. § 1117(c); (4) $9,135.00 in attorney’s fees under 15 U.S.C. § 1117(a)–(b); (5) $2,567.50 in investigative fees under 15 U.S.C. § 1117(a); (6) $504.10 in costs; and (6) prejudgment interest.
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