Entries by GeekTown

Just How Flexible Is A Limited Liability Company?

Just How Flexible Is A Limited Liability Company? The business entity form that is the limited liability company (“LLC”) is known for being flexible, but just how flexible is it? An LLC’s flexibility is twofold. First, there is great flexibility in tailoring the governance structure of an LLC to the needs and preferences of its […]

Choice of Entity Basics

Selecting a type of business entity is often the first step in the business establishment process. The choice is often dictated by the short and long term goals of the owners and the eventual operation plan for the business. The primary types of entities include: Sole Proprietorship A sole proprietorship is a legal form of […]

Financing Independent Films

At times, producing an independent film can seem like a Herculean task. Although having a creative vision is critical to achieve success in this industry, ideas, unfortunately, do not transform into a motion picture without money. Finding money is often the most precarious part of making a film. Typically, independent films are funded through loans, […]

Six questions you must ask before engaging in an “Acqui-hire”

Before any Acqui-hire, there are several things to consider We all know the “garage-to-greatness” entrepreneurial stories of Steve Jobs, Larry Page, Jeff Bezos and the like. But we have to wonder – for each of these superstar founders, how many brilliant, conscientious entrepreneurs with equally exciting products failed before they reached similar greatness, simply because […]

Look to the Angels

In our experience, founders of start-up companies seeking capital often focus too early and too exclusively on attracting interest from professionally managed venture capital funds. Most VC funds have significant sums of cash that they need to place within four or five years and do not view small start-up investments (generally under $5 million) as […]

Enwright Named Partner at Law Firm of Lippitt O’Keefe

BIRMINGHAM, Mich.–(BUSINESS WIRE)– Steven J. Enwright has been named a partner at Lippitt O’Keefe, PLLC, a full-service law firm in Birmingham. Enwright has more than 20 years of experience in all aspects of business law, including corporate finance and counseling, mergers and acquisitions, and technology licensing, as well as transactions involving venture capital, business start-ups […]

Creating an Advisory Board

Why should the founder or CEO of a successful company, or maybe even an entrepreneur leading a company that’s just starting out, consider creating an advisory board? Ideally, formal advisors can open a few doors to other influential people in their network; however, this is just one benefit. In an era defined by “interconnectedness” (of […]