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Venture capitalists come with expectations that most small businesses cannot possibly meet. They expect that the company will be sold off within about five years, and that one in ten of their companies will score ten times their original investment, a few others will do ok, and most will fail outright. It is the companies […]

Don’t take this wrong; most people are lazy in some way while they focus on more important things like family, friends, TV, movies, tweeting, Facebooking, or even working on their business. Lazy people don’t like to keep minutes, hold meetings, and generally follow many formalities. Who can blame them? Limited Liability Companies (LLCs) are perfect for […]

Every US person, including corporation, LLC, trust, partnership or anything or anyone that calls the US home under tax law has an obligation to report bank or financial accounts if the total of these accounts exceeds USD 10,000. The actual terminology used by the IRS is rather convoluted, but if you or your company is […]

Looking for funding for your startup? You’ll need to state the basic value proposition for your business. Here a summary of what the angel investors and venture capitalists would like to see – no more no less: 1. your team 2. what your product/service does 3. what issue/pain is it looking to solve/address 4. what […]