Control and Minority Ownership
"Control" is an incredibly important and powerful
quality of ownership. Conversely, lack of control is a
materially impaired ownership position indeed. This is
because control of a company refers to the ability
to "control" the operations and activities of the
business, such as who manages the business, what the
company does, where it operates, compensation levels,
whether profits are distributed to shareholders or
retained in the company, and much more.
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| Competitive Strategy | | |  Businesses come and go. Products come and go. What
is the future of your business? Of your industry? The
answer often lies in issues related to substitution,
switching and switching costs. As a business owner,
your future may hinge on your understanding of these
concepts... which play into the larger theme of
business strategy.Full Story ... | | |
| Background Checks | | |  If you subscribe to the theory that having more data
contributes to making a better decision, then the
advantage of conducting background checks on your
prospective hires is apparent. However, there are also
legal considerations that make it worthwhile to attempt
to obtain background information, even if the attempt
is ultimately unsuccessful.More Information ... | | |
| Owner Actions that Can Result in Personal Liability | | |  One of the reasons business owners incorporate or form
a limited liability company is to protect themselves from
personal liability. For the most part, such protection is
effective. However, there are actions that a business
owner might take, innocently or not so innocently, that
could jeopardize the position of safety.More ... | | |
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