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  1. Replies
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    While eventually this change in sales tax...

    While eventually this change in sales tax collections will impact many businesses, for most small businesses, I expect that the near term impact will be minimal. Over time, the impact will likely...
  2. That is a key driver to enterprise value. If...

    That is a key driver to enterprise value. If there has been an upward trend of revenue and profitability, that means that there is something of value in the underlying business.

    I have...
  3. Poll: I'd keep it. I think the comments about the more...

    I'd keep it. I think the comments about the more descriptive, longer URL showing up in the search engine results is a very compelling reason to keep the existing domain.

    I doubt that anyone...
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    Daniel, welcome to the forum. Hopefully, many of...

    Daniel, welcome to the forum. Hopefully, many of your questions about business entities have been answered in past threads, but if a search of the forum doesn't produce the answers you need, feel...
  5. Whew! When I started reading Steve's post at the...

    Whew! When I started reading Steve's post at the top of this thread, I thought he was going to say he was shutting it down. Although I haven't been on as often as I used to, due to too many other...
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    Welcome to the forum. As the two Steves said, I...

    Welcome to the forum. As the two Steves said, I think you will find a lot of kindred souls here.
  7. Every private investor is different. All you can...

    Every private investor is different. All you can do is ask. Unfortunately, finding an investor to even pitch a loan to a business, particularly one that has the unique issues of a cannabis business,...
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    Welcome to our forum, PolarBearBob. I'm afraid I...

    Welcome to our forum, PolarBearBob. I'm afraid I can't help you on the insurance question.

    Are you taking primary responsibility as the general contractor for the repairs and rebuilding, and...
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    "What we've got here is failure to communicate."...

    "What we've got here is failure to communicate." Cool Hand Luke (1967)
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    I would add a step between your #2 and #3 (Let's...

    I would add a step between your #2 and #3 (Let's call is #2A): Evaluate the available information

    I think HumaneHosting is talking about steps 1, 2 and 2A. If that is the case, I agree that up to...
  11. Harold, that may be your impression but it is not...

    Harold, that may be your impression but it is not correct. A business is required to report any payment for service of $600 or more unless it falls within an exception. One exception is for...
  12. WallaceStevens: Here are my quick thoughts: ...

    WallaceStevens:

    Here are my quick thoughts:

    QUESTIONS
    1. What is a fair percentage split in this situation? My bosses have mentioned an even 33.33% split. Is this fair to me? Should I have a...
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    I agree with the comments above. You need both a...

    I agree with the comments above. You need both a lawyer and an accountant who are experienced in buying businesses. And I want to emphasize "experienced in buying businesses". Even a good attorney...
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    I'm going to be a bit of a contrarian here. I...

    I'm going to be a bit of a contrarian here. I think it really depends on the situation. For example, Chicago recently adopted a paid sick leave ordinance that requires even most part time employees...
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    It sounds like your use of the business planning...

    It sounds like your use of the business planning process comes pretty close to the ideal. It should be something that helps you create a roadmap to business success. You should be the intended...
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    Aileen, your project sounds interesting. Getting...

    Aileen, your project sounds interesting. Getting outside help is one thing that many startups are reluctant to do. I have seen many reasons:

    1. They are afraid that someone will steal their idea....
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    How much work is it to sell the quarters for 30...

    How much work is it to sell the quarters for 30 cents? If you are selling them one at a time, it sounds like a lot of work to make a nickel, or $12.50 in the aggregate. Assuming you have concluded...
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    Hello, and welcome to the forum. Brad needs more...

    Hello, and welcome to the forum. Brad needs more company.

    Tim Hortons has made it to the US, mostly in Michigan, Minnesota and Indiana, so around Chicago you wouldn't have a Tims or a fritter to...
  19. I saw that reported online and thought it was...

    I saw that reported online and thought it was pretty funny. I'm sure KFC must have some other Twitter accounts that follow other users for other purposes, but obviously they don't believe they need...
  20. As every person posting so far has said, you...

    As every person posting so far has said, you simply cannot sell unlicensed products using someone else's intellectual property. A person's name and likeness are protected in nearly every state by...
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    I try to keep as little paper as possible. We...

    I try to keep as little paper as possible. We print our invoices to a PDF file. Most of our clients still get mailed paper invoices, so we print those and mail them. For clients who prefer invoices...
  22. Based on what you describe in the contract and my...

    Based on what you describe in the contract and my experience with how deposits are normally handled in business acquisitions, you are 100% correct in your interpretation. Good luck.
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    Welcome to our forum, calgarc. I'll look forward...

    Welcome to our forum, calgarc. I'll look forward to your posts. We have members with a lot of different backgrounds but I can't think of another musician and street photographer!
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    First, you should have decided that upfront. ...

    First, you should have decided that upfront. Anything you try to do now is possibly going to be hard to get any agreement on.

    I believe that any partnership needs to compensate both the...
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    Go Bears! Welcome to the forum.

    Go Bears! Welcome to the forum.
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