Tag Archives: Business Owner

Advantages and Disadvantages of Sole Proprietorships in Iowa

A frequent issue that entrepreneurs face – and one they should seriously consider – is whether to create a formal legal entity, such as a limited liability company (L.L.C.), or remain a “sole proprietor.”  This post briefly identifies some of the … Continue reading

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Can I Challenge Poor Decisions Made by my Business’ Management?

The Business Judgment Rule – a rule all business owners / shareholders should consider before challenging decisions made by a business’ management. Generally speaking, decisions made by a business’ management (officers / directors;  member / managers) are protected from outside … Continue reading

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The squeaky owner gets the grease…

5 steps a shareholder / business owner can consider taking to correct corruption 1. Become informed: The old adage, “knowledge is power” still holds true; if you are armed with proper knowledge, your chances of identifying and curbing corruption are … Continue reading

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Books and Records Inspection

You don’t know what you have until it’s gone. . . or you inspect. A Shareholder / Business Owner’s Right to Inspect Books and Records If you are a shareholder in a close corporation (i.e. small, private, not publicly traded … Continue reading

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Oppression / Freeze-out

Am I Oppressed? A Minority Shareholder’s / Business Owner’s Diagnosis In businesses and corporations (of all sizes) across the country, the law generally requires management to act in accordance with their fiduciary duties.  A fiduciary duty requires, among other things, … Continue reading

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