Category Archives: Small Business Management

Is your Business Ready for Obamacare?

The election is over, the dust is settling and out of the fog comes the realization that “Obamacare” or the Affordable Health Care Act will move forward. So what do you as a business owner need to know and what … Continue reading

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California Revised Uniform Limited Liability Company Act Signed into Law

On September 21, 2012 Governor Jerry Brown signed into law Senate Bill No. 323- the California Revised Uniform Limited Liability Company Act (RULLCA). RULLCA will take effect January 1, 2014 and will apply to all existing California LLC’s in addition … Continue reading

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Are my Options Incentive Stock Options?

You have just been hired on as an executive at SmallCorp, Inc., and in your employment agreement you see the following: “Executive shall be granted an option to purchase 500,000 shares of SmallCorp, Inc.’s common stock at $0.10 per share … Continue reading

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Rule 506 and General Solicitation

On August 31, 2012 the SEC issued proposed rules that would eliminate the prohibition against general solicitation and advertising in Rule 506 offerings.  The SEC has requested comments on the proposed rules within 30 days.  You may provide your comments … Continue reading

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California Cumulative Voting

  California has a strong historical attachment to cumulative voting. Corporations Code 708 grants shareholders the right to cumulate their votes in the election of directors. What does this mean? There are a number of methods for cumulative voting, but … Continue reading

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Richard Branson’s 5 Rules for Good Business

Richard Branson writes for Entrepreneur, about what advice he would give young entrepreneurs. The whole article can be found here, but the five simple guidelines he lists are:   1. If you don’t enjoy it, don’t do it. You must … Continue reading

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Should My Company Adopt a Stock Option Plan?

Stock Option plans are commonly used in start-ups and venture capital companies, as these entities have limited cash flow. Employees who go to work for these entities usually seek higher reward for th eir risk. Issuing stock options instead of, … Continue reading

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The Amish and the SEC- A Lesson in Cooperation

“You can tell when you’re on the right track. It’s usually uphill”~ Amish Quote on Faith On July 18, 2012, the SEC announced that it entered into a Deferred Prosecution Agreement with the Amish Helping Fund (AHF).  The AHF is … Continue reading

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The Morris Law Firm Blog

Small business owners, and those interested in forming a corporation, LLC,  partnership or other business entity, should check out and subscribe to The Morris Law Firm Blog. This Blog has information regarding Partnership Agreements, executing contracts, non-profit rules and other … Continue reading

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What the Affordable Health Care Act Means for You.

It’s no secret that the Supreme Court upheld the “Patient Protection and Affordable Health Care Act”-being referred to as Obamacare.   Organizations, politicians and individuals everywhere have reacted with varying opinions, emotions and sometimes profanity.   It is clear that this … Continue reading

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