Author: Bal Bhullar

SHOW ME THE MONEY!!!! Many people will remember this catch phrase line from Tom Cruise’s blockbuster movie, “Jerry Maguire.” Raising money for your business is critical for all entrepreneurs. In this column, the Shark will discuss the different methods to raise capital for your business. Equity Financing An equity raise simply means that a business owner sells shares (voting shares in most cases) in his or her Company to third party purchasers in exchange for cash. The first step in the process is to obtain a fair market valuation of the Company’s business and assets. Secondly, how much capital is required for the...

READER QUESTION: What Are The Benefits Of Incorporating My Business? Legal Shark’s Response | This is a common question posed to the Shark.  Many small business owners operate their businesses as sole proprietorships in which they and their businesses are one in the same.  This may work for a few folks but the better approach is to incorporate your business.  The top four benefits of incorporating your business are limited legal liability, advantageous tax treatment, building a corporate brand, and perpetual existence. By limited legal liability, the Shark is referring to personal asset protection.  Corporations allow owners (shareholders) to...

Can companies publish employee photos on the company website without an employee’s prior consent? Legal Shark’s Response | In today’s social media world, scores of employees may already have their pictures posted on the Internet on Facebook, Instagram or LinkedIn. Many employees would not object to having their pictures posted on a company website but employers cannot make this assumption. Some folks may be “camera shy” or have more serious concerns regarding their privacy and the ability of others to locate them online. Privacy legislation requires an employer to seek consent prior to posting photos of employees online. More...