Category Archives: Business Owner

Resources for Small Businesses in Iowa

The entrepreneurial experience of starting a new business is thrilling, exciting, scary, and often nerve racking, to name just a few emotions.  And whether you’re thinking about starting a new business in the Des Moines area – ranked Best Place … Continue reading

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5 Must-Consider Clauses for Your Business’ Governing Documents

Including the proper provisions in your business’ governing documents (Articles of Incorporation, Bylaws, Operating Agreement, etc…) can help eliminate several problems – legal and otherwise – down the corporate road.  The following legal issues, all of which relate to a … Continue reading

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Ousting a Corporate Director in Iowa

A Shareholder’s Power to Remove a Director From the Board of Directors Shareholders often inquire: How is a director removed from a corporation’s board of directors?  The question may be posed out of concern that the shareholder – who also … Continue reading

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Business Owners Taking Legal Mulligans? Caution!

Successor Liability in Iowa The Legal Mulligan You May Not Want to Take While mulligans are commonplace on the golf course, they can spell trouble for business owners in the business world.  In particular, business owners who believe they can … Continue reading

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How do I Start an Iowa Limited Liability Company?

“The Way to Get Started is to Quit Talking and Begin Doing” – Walt Disney Whether you are looking to start an Iowa corporation (“Inc.”), an Iowa limited liability company (“L.L.C.”), or an Iowa limited liability partnership (“L.L.P.”), starting on … Continue reading

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As an Owner, Am I Liable for the Debts of my Iowa Limited Liability Company?

Member Protections Under Iowa’s LLC Umbrella Just as shareholders in Iowa corporations are, by default, generally not liable for the debts and liabilities of their corporation, members (a.k.a. owners) in Iowa limited liability companies are also generally not liable for … Continue reading

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Business Divorce in Iowa – Can I Kick a Fellow Member Out of My Iowa Business?

Iowa Business Divorce Unfortunately, like some marriages, the exciting and passionate fire that burns between business owners and drives them to come together to do amazing work is replaced by a dull flame, bickering, money problems, and a deep yearning … Continue reading

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Are Shareholders in Small Family Businesses Personally Liable for Business Debts and Liabilities?

Regardless of whether your family business may be considering taking on debt for a much-needed expansion or whether it is facing liability from a lawsuit or other matter, one question frequently arises:  As a shareholder in an Iowa corporation, can … Continue reading

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One Thing you Must Know if Someone Has Interfered With Your Contract

It’s often said that “it’s a cut-throat world,” “life is not fair,” and that in order to survive you must hustle.  While there is certainly truth to these concepts, taking your actions to the extreme, however, and proceeding with reckless … Continue reading

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It’s Not My Signature, I Can’t Be Bound To That Contract! Not So Fast…

On October 18, 2013, the Iowa Supreme Court published its opinion in Life Investors Insurance Company of America vs. Estate of John M. Carrado and Federal City Region, Inc., No. 13-0102 (October 18, 2013) and found that you may be bound … Continue reading

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