Corporate directors and officers owe a fiduciary duty to the company not only to safeguard business assets — but they also cannot usurp business opportunities for personal gain. Closely related to self-dealing, the corporate opportunity doctrine precludes corporate...
A wide variety of reasons can be advanced as to why business payroll taxes might not be paid. Those reasons include willful failure to pay and negligence. However, when business payroll taxes are due to the Internal Revenue Service, those business payroll taxes...
Business partners, officers, and directors of a corporation all owe fiduciary duties of loyalty and good faith to the company and must act in the company’s best interests. Self-dealing occurs when a fiduciary puts their own interests above those of the company to...
“Everything started as nothing.” – Ben Weissenstein, founder and CEO, The Entitled Group There are many ways for entrepreneurs to finance a business, and we have discussed a handful of them in the past. Let's resume this discussion, and explore some more methods SBA...
“Every day is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each.” ― Christopher Rice I recently watched “The Infiltrator,” starring Bryan Cranston. It’s the true story of a customs agent who, in the 1980s, went deep...
“A bootstrapper isn’t a particular demographic or even a certain financial situation. Instead, it’s a state of mind.” -- Seth Godin I see all sorts of articles aimed at entrepreneurs who, for one reason or another, are not seeking venture capital and want to build...
