Archive for the ‘Legal stuff’ Category
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Saturday, March 6th, 2010
Yesterday, I was coaching a private client who will be offering a $50,000 training package in the fall.
A big ticket item.
Before she makes her offer, she wants to prove she can successfully train someone else on her methods. Smart.
She’s been extremely successful in her own business, but has not yet trained an outsider, so wanted to take on a test case while we get the program designed and marketing materials ready for her launch.
I thought that was a great idea, but only if she had an airtight agreement with her test case that would protect her intellectual property and her reputation in case something went wrong.
Tags: agreements, lawyers, legal, LIFT
Posted in Business, LIFT, Legal stuff | Comments
Expensive LIFT Mistakes: Choosing the Wrong Business Name
Sunday, February 14th, 2010
Since I started my series on expensive legal, insurance, financial and tax mistakes and launched my new LIFT Foundation System & Toolkit, I have received emails from several people about their own LIFT mistakes.
I wanted to share this one with you because it’s quite representative of reality AND it goes to show you that even if you have been to law school, you still need to know more than you think you do when it comes to the foundation of your business because your mistakes can cost you multi-thousands of dollars.
Tags: lawsuit, LIFT
Posted in Business, LIFT, Legal stuff | Comments
Expensive LIFT Mistakes: S-Corp or LLC?
Tuesday, February 9th, 2010
As I get close to the launch of LIFT, I’m going to post a little series here on expensive mistakes I see people frequently make when it comes to legal, insurance, financial and tax.
The first one has to do with one of the most common questions I get asked – should I set up my business as an S-Corp or an LLC?
In fact, this is such a common question I saw a friend of mine asking it on Twitter!
So before I answer the question, let me say this:
This is NOT a decision to be made by asking Twitter.
Tags: entity, LIFT, LLC, S-Corp
Posted in Business, LIFT, Legal stuff | Comments
