There are many situations where two existing businesses, or two just starting entrepreneurs want to jointly take on an endeavor, but do not want to be so tied to each other as to be the same entity. This is where a joint venture can come in handy. It creates a legally binding relationship, and if [...]
Posts Tagged ‘Business Formation’
Why Employee Stock Ownership Plans (ESOPs) Are Not Just for Big Companies in Wisconsin
What is an ESOP? An ESOP is exactly what it sounds like, an Employee Stock Ownership Plan, the employees literally hold the stock to the company. The better questions are how do you go about implementing an ESOP? and what are the benefits? While a small percentage of ESOPs (which get most of the news [...]
How will the bailout effect businesses in Milwaukee?
It really remains to be seen what the actual effects will be, but I am optimistic that things are moving in the right track. Regardless of your political leanings and whether you feel it was “deserved” or not, the bailout was necessary because the flow of money had seized up. You can think of the [...]
Why choose an LLC? All of the benefits without a lot of the hassle
LLCs in Wisconsin have become the entity de-jour for new businesses in Milwaukee and the rest of the state. The real strength of the LLC is its ease to set up and maintain and its versatility.
An LLC provides all of the liability protection of a Corporation. The same rules generally apply about piercing the corporate veil. In [...]
Business Valuation and Tax Ramifications
Buying a business can be more complicated and have greater tax ramifications then one may first realize. Generally speaking there are two different values to a company, the book value and the actual value. When you are buying a company with significant assets there will be significant research, perhaps by a business valuation company, into [...]
