Piercing the corporate veil is a fancy phrase that means that somebody or something is attempting to hold the shareholders of a corporation personally liable for the corporation’s debts. Veil piercing is not an easy task and requires many factors to be proven. The main inquiry is, “has the corporate form been misused?” […]

How many popular sayings do know pertain to “respect?” I know you have heard, “to get respect, you have to give respect;” and “respect is a two way street;” and “you have to earn respect;” and probably the most famous, “R E S P E C T, find out what it means to me!” […]

The corporation is probably the mother of all limited liability entities. The case law is vast and the complexities are many. However, a corporation can be a great business form if you know the differences between the various types of corporations.
Corporations are subject to double taxation. A dollar earned by the corporation […]

Many people discuss real estate, banking/financial institutions, and other common investments that are know to most entrepreneurs. However, because we are new entrepreneurs, we need to create NEW investments!
Many investors invest money and time into a project. When one buys a piece of real estate, one spends his/her time evaluating the property, discussing and negotiating […]

Aptitude is defined as “capability; ability; innate or acquired capacity for something; talent.” Another definition for aptitude is “readiness or quickness in learning; intelligence.” Now that you know the definition of aptitude, the question becomes, “how does your attitude affect your aptitude?”
Think about this question in the following way; have you ever had a day […]

The other type of business organization is the limited liability organization. These entities can take many forms. These forms are: (1) a limited liability partnership; (2) a limited liability company; (3) a limited liability limited partnership; and (4) a corporation. Note that there are various forms of corporations (such as an S-corporation, […]

Effective goal setting requires more than writing the goal down and hoping the goal comes to fruition. The purpose of goal setting is to train your subconscious mind to do things habitually. Six essential elements exist for effective goal setting.
1. SPECIFIC Goals have to be specific if they are to […]

Business entities can be distinguished into two different categories: (1) unlimited liability entities; and (2) limited liability entities. In order for you to have a better understanding of these various entities, this post will be broken into two parts. This part will discuss unlimited liability entities.
Unlimited liability entities mean that one is personally liable for […]

When most people start their entrepreneurial journey, they tell almost nobody. These new entrepreneurs are afraid that other people will tell them that being an entrepreneur is not a career choice. They are afraid that people will judge them as “dreamers.” They are afraid that others will tell them that it is […]

As you begin your entrepreneurial journey, many questions and concerns will arise: How do I find financing? How do I write a business plan? To whom will I pitch my plan? However, no matter how much information and advice you can, and probably will, obtain about those questions, all of your […]