LLCs are often used for businesses because they offer dual protection: Limited liability of owners and managers for entity level acts; Limited ability to “take” an ownership interest away to collect for an outside personal liability. Single member LLCs (just one owner) were determined [...]
Archive for the ‘Business’ Category
§ in Business
Preventing Lawsuits
"Nothing can prevent a lawsuit." Why? Because any fool with the price of admission can file a suit.[...]
§ in Business
Launching Software Products: Niche vs. Mass Market
By Brett Ryckman Product Developer www.brettryckman.com Which market segment to target? Do you go after “mass” markets, focusing on a broad set of customers, or target “niche markets” — or do both? Software companies creating new products or just starting-up must make these complex and per[...]
§ in Business
Management Principles
The following concepts are from Fayol’s General Principles of Management (1916). They could have been written yesterday, and are timeless wisdom. 1. Divisions of work: tasks should be divided up and employees should specialize in a limited set of tasks so that expertise is developed and [...]
§ in Business
Positive Business Image
Ignore the business attire to the left – we just wanted attention! YOU ARE THE LEADER If you call a meeting, whether it’s with employees, a client or a vendor, be prepared to lead it. You called it; you must know why. Don’t depend on others – instead, prepare. An agenda o[...]