Every semester, we host a speaker for my Texas Lutheran students. The goal is to find experts who speak from the world of “reality,” and they are always incredibly gifted and engaging. Academic theory is necessary from a foundational perspective, but engaging with people who have been “in the trenches” is a useful learning opportunity for my students.
The terminology for limited liability companies can be confusing. For instance: who are the members, managers and managing members?
All of the owners of an LLC are its members, similar to stockholders in a corporation.
There are two different possible management structures for LLCs: A manager managed LLC or a member managed LLC.
When I talk to business leaders who need help with their company’s technology challenges, there’s a question I hear frequently: “What’s the difference between the companies that struggle with their technology versus the companies that have a high-performing technology organization?”
The job of a CEO in business can be overwhelming. Aside from being the face of the company, a business leader also makes most of the business decisions and manages the overall operations and tasks of the company. Even if the workload is tearing at the seams, most business owners tend to want to steer the ship themselves.
Learn how others do it. Download our guide to growth.
Business owners occasionally find themselves in need of funding to take the logical next step to grow their companies. Whether it’s to buy a costly new piece of equipment, hire more staff, or move into a new location, these investments may require significant working capital. But when that money isn’t readily available, what options are on the table?
The key to having money (having wealth) in life is to create a strong personal net worth. Your personal net worth is the difference between the value of the assets you own minus the debts you owe. It’s a reflection of how well you are creating real financial value in your life.
One of the most common ways that a small business can be disrupted is when an owner wants to sell or transfer his or her interests the company. As a result, small businesses usually restrict the transfer of ownership in their companies.
Business relationships end for many reasons, sometimes unexpectedly. It is highly probable that there will come a time when of your partners will want to sell his or her shares or interest in the company either to a third party, to the company, or the remaining owners. It is important for business owners to address these issues early on, when the owners can reach an agreement on how to structure these transactions.
The startup atmosphere in Austin, Texas is considered the best in the United States, according to Inc.com’s article on surge cities. The article cites the reasonable cost of living, loads of sunshine, well-educated people, the “Live Music Capital of the World” and the city’s fun streak as reasons people flock to Austin. The city is growing four times faster than most of Silicon Valley, drawing talent and startups from all over the country.
The Tax Cuts and Jobs Act (TCJA) created a new opportunity for business owners and taxpayers with capital gains to shield taxes on those gains if the investment is made into a Qualified Opportunity Zone.