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Aaron Hall for CEOs
United States
Registrace 18. 11. 2018
For CEOs and business owners running entrepreneurial companies: Aaron Hall uses his experience as a CEO and business attorney to share the best ideas from over 1,000 CEOs, serial entrepreneurs, family businesses, and great leaders he worked with.
Terms of Use: aaronhall.com/tou/
© Aaron Hall & Academy Inc.
Terms of Use: aaronhall.com/tou/
© Aaron Hall & Academy Inc.
Proven Best Ways to Sell Your Business
In this video, you get answers to these questions:
00:00 What Are the Best Ways to Sell a Business?
00:44 Engaging with Business Brokers
01:33 Maximizing Value with Strategic Buyers
03:05 The ESOP Option: Selling to Employees
04:12 Seller Financing: Employee Buy-In and Control
06:17 Venture Capital Firms: An Alternative Approach
06:43 Finding the Right Fit: Hybrid Scenarios
09:03 Summary
09:46 Outro
QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below.
➡️ You can learn more in this blog post:
aaronhall.com/selling-your-business-top-advice-from-an-attorney
➡️ Get related resources:
aaronhall.com/advice-on-selling-your-business-in-minnesota/
aaronhall.com/tips-for-selling-a-business/
aaronhall.com/franchisees-right-sell-business-minnesota/
aaronhall.com/esop/
aaronhall.com/esop-how-to-sell-your-company-to-your-employees/
➡️ Download the 7 Common Legal Mistakes Made by New Businesses.
You can get it for FREE at aaronhall.com/free
➡️ Get more videos like this by subscribing:
www.youtube.com/@Hall
➡️ See the video equipment and tools I use at
aaronhall.com/what-i-use/
➡️ Connect with me here:
linkedin.com/in/aaronhall/
aaronhall/
AaronHallAttorney/
youtube.com/@Hall
aaronhallattorney
www.tiktok.com/@aaronhallattorney
aaronhall.com
Disclaimer:
This is educational information to help you spot issues to discuss with a lawyer in your jurisdiction. See our Terms of Use: aaronhall.com/tou/.
If you buy something from a link here, we may earn a commission. This helps support the creation of these videos. Thank you.
00:00 What Are the Best Ways to Sell a Business?
00:44 Engaging with Business Brokers
01:33 Maximizing Value with Strategic Buyers
03:05 The ESOP Option: Selling to Employees
04:12 Seller Financing: Employee Buy-In and Control
06:17 Venture Capital Firms: An Alternative Approach
06:43 Finding the Right Fit: Hybrid Scenarios
09:03 Summary
09:46 Outro
QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below.
➡️ You can learn more in this blog post:
aaronhall.com/selling-your-business-top-advice-from-an-attorney
➡️ Get related resources:
aaronhall.com/advice-on-selling-your-business-in-minnesota/
aaronhall.com/tips-for-selling-a-business/
aaronhall.com/franchisees-right-sell-business-minnesota/
aaronhall.com/esop/
aaronhall.com/esop-how-to-sell-your-company-to-your-employees/
➡️ Download the 7 Common Legal Mistakes Made by New Businesses.
You can get it for FREE at aaronhall.com/free
➡️ Get more videos like this by subscribing:
www.youtube.com/@Hall
➡️ See the video equipment and tools I use at
aaronhall.com/what-i-use/
➡️ Connect with me here:
linkedin.com/in/aaronhall/
aaronhall/
AaronHallAttorney/
youtube.com/@Hall
aaronhallattorney
www.tiktok.com/@aaronhallattorney
aaronhall.com
Disclaimer:
This is educational information to help you spot issues to discuss with a lawyer in your jurisdiction. See our Terms of Use: aaronhall.com/tou/.
If you buy something from a link here, we may earn a commission. This helps support the creation of these videos. Thank you.
zhlédnutí: 5
Video
Why You Might Not Own the IP You Paid For
zhlédnutí 21Před dnem
In this video, you get answers to these questions: 00:00 Understanding Intellectual Property Ownership in Business 00:28 Common Misconceptions 01:19 Understanding the Default Rule 02:04 Best Practices for Contracting 02:52 Outro QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below. ➡️ You can learn more in this blog post: aaronhall.com/why-you-might-not-...
Handling an Ex-Employee Dispute | Attorney Explains
zhlédnutí 45Před dnem
In this video, you get answers to these questions: 00:00 Employment Dispute Guidance for CEOs and Business Owners 00:35 The Challenge of Termination 01:01 Legal Claims Arising from Termination 01:34 Importance of Employment Practices Liability Insurance (EPLI) 02:45 Handling Claims Without Insurance 03:30 Evaluation of Claims by Legal Professionals 04:46 The Economic Considerations of Legal Rep...
How to Draft LLC & Corp Meeting Minutes
zhlédnutí 69Před 14 dny
In this video, you get answers to these questions: 0:00 Introduction to Corporate Formalities and Meeting Minutes 0:50 What to Include in Meeting Minutes 1:58 Simplifying Meeting Minutes for Solo Owners 3:30 Utilizing AI to Draft Meeting Minutes 4:04 AI-Generated Example 4:52 Review and Approval 6:53 Flexibility and Simplicity in Meeting Minutes 8:05 Recommendation and Final Thoughts 10:48 Conc...
How Fiduciary Duties Protect You and Your Business
zhlédnutí 63Před 21 dnem
In this video, you get answers to these questions: 0:00 - Introduction 1:35 - Why Knowing Fiduciary Duties is Essential? 2:36 - Duty of Loyalty 3:10 - Understanding Fiduciary Duty of Loyalty 5:23 - What Employees and Employers Need to Know 7:23 - Duty of Loyalty Across Professions 8:06 - The Corporate Opportunity Doctrine 9:23 - The Duty of Honesty Explained 10:15 - Do You Know Your Duties? 11:...
Should an Attorney Represent the Business or Business Owner?
zhlédnutí 34Před měsícem
In this video, you get answers to these questions: 00:00 Introduction 00:31 Safeguarding Attorney-Client Privilege 01:19 Addressing the Duty of Loyalty 02:41 Summary 04:10 Outro QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below. ➡️ You can learn more in this blog post: aaronhall.com/should-an-attorney-represent-the-business-or-business-owner ➡️ Downlo...
Can Your Business Partner Lock You Out of Your Company's Bank Account?
zhlédnutí 54Před měsícem
In this video, you get answers to these questions: 00:00 Can One Business Partner Lock the Other Out of a Bank Account? 02:18 Summary 03:13 Outro QUESTIONS? Do you have questions about this topic or anything else? Ask in the comments below. ➡️ You can learn more in this blog post: aaronhall.com/can-you-be-locked-out ➡️ Download the 7 Common Legal Mistakes Made by New Businesses. You can get it ...
Best Ways to Finance a Business Purchase in 2024
zhlédnutí 94Před měsícem
Best Ways to Finance a Business Purchase in 2024
Noncompete vs. Non-Solicitation Agreements: How Do They Compare?
zhlédnutí 73Před měsícem
Noncompete vs. Non-Solicitation Agreements: How Do They Compare?
Selling Your Business: Why Business Owners Should Avoid Seller Financing?
zhlédnutí 68Před 2 měsíci
Selling Your Business: Why Business Owners Should Avoid Seller Financing?
Firing Employees? Don't Make These Mistakes
zhlédnutí 191Před 2 měsíci
Firing Employees? Don't Make These Mistakes
9 Common Ways Your Employees Can Steal From You
zhlédnutí 377Před 2 měsíci
9 Common Ways Your Employees Can Steal From You
Can Your Real Estate Trust Hide the Owner of the Property?
zhlédnutí 410Před 2 měsíci
Can Your Real Estate Trust Hide the Owner of the Property?
Elon Musk vs. ChatGPT: What Does the Court Document ACTUALLY Say?
zhlédnutí 166Před 3 měsíci
Elon Musk vs. ChatGPT: What Does the Court Document ACTUALLY Say?
Did Your Employee Steal? Take These Steps Immediately
zhlédnutí 43Před 3 měsíci
Did Your Employee Steal? Take These Steps Immediately
You Used Your Company's Resources for a Business Idea. Who Owns the Idea?
zhlédnutí 54Před 3 měsíci
You Used Your Company's Resources for a Business Idea. Who Owns the Idea?
This Is When Your Business Needs a Board of Directors
zhlédnutí 86Před 3 měsíci
This Is When Your Business Needs a Board of Directors
Non-Solicitation vs. Noncompete Agreements: Important Differences & When to Use
zhlédnutí 334Před 4 měsíci
Non-Solicitation vs. Noncompete Agreements: Important Differences & When to Use
How Does Employment Practices Liability Insurance (EPLI) Work
zhlédnutí 94Před 4 měsíci
How Does Employment Practices Liability Insurance (EPLI) Work
How to Legally Break Free from a Bad Business Partner
zhlédnutí 354Před 6 měsíci
How to Legally Break Free from a Bad Business Partner
Don't Lose That Sale! Here’s the Biggest Mistake & How to Avoid It
zhlédnutí 38Před 8 měsíci
Don't Lose That Sale! Here’s the Biggest Mistake & How to Avoid It
Trump's Trial: Could He Have Avoided Fraud in His Financial Docs?
zhlédnutí 397Před 8 měsíci
Trump's Trial: Could He Have Avoided Fraud in His Financial Docs?
This Mistake Forever Changed How I Manage People
zhlédnutí 60Před 8 měsíci
This Mistake Forever Changed How I Manage People
The #1 Mistake I Made Firing Employees: A Lawyer's Confession
zhlédnutí 99Před 9 měsíci
The #1 Mistake I Made Firing Employees: A Lawyer's Confession
Should Business Owners Do This at Work?
zhlédnutí 31Před 10 měsíci
Should Business Owners Do This at Work?
Cracking the Contract Code: When Contracts Can be Broken
zhlédnutí 38Před 10 měsíci
Cracking the Contract Code: When Contracts Can be Broken
Faultless Findings: How Innocent Businesses Get Sued
zhlédnutí 35Před 10 měsíci
Faultless Findings: How Innocent Businesses Get Sued
From Threat to Resolution: Managing Business Legal Issues
zhlédnutí 33Před 10 měsíci
From Threat to Resolution: Managing Business Legal Issues
Do All Contract Breaches Lead to Damages? Not Necessarily.
zhlédnutí 106Před 10 měsíci
Do All Contract Breaches Lead to Damages? Not Necessarily.
I just had to register a second dba recently. I know ill have to update fincen information which Fugured out how to. I could not figure out how to update ein info on the IRS site though. I guess according to this video i wont have to worry about the ein part.
Still at idea stage , why would I want to have 2 llc companies and don’t care about liability. What’s going to go wrong (liability) , rural businesses don’t think that details. Big companies like google or Microsoft have one big company. No one cares about lawsuits, I don’t do crazy stuff to get into lawsuits. When you have one company, it’s obviously easy to manage, you can use same marketing people for example for different products, use common resources. In rural India, people do this kind of stuff, are you going to have different marketing teams for each companies? Same for engineers, etc
Instead of thinking like companies think like they are products in different industries, that’s how I think. Even my brother has main business as cashew but in summer season he sold mango fruits to his cashew clients, the amount of mangoes were very low like 200 usd, and also he has his own retail shop where he sells multiple products. He uses marketing people from his cashew business to retail shops too as cashew business is seasonal business, literal people don’t have any work rest of the year (4 to 6 months)
🙏 this helps with the misunderstanding that I had
I got one of these last year and I took it very seriously, since I couldn't lawyer up, I did as they said and they stopped bothering me after that point. I would recommend if you get one and you can't lawyer up, just do what they want and get it over with, so they can stop bothering you.
Thank you for sharing about your experience.
@@Hall You're welcome and thank you for making this video.
So in contract law terms, is it just consideration?
I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
Have you ever encountered a situation where fiduciary duty was questioned in your line of work?
Realy helpfull
Glad it was helpful. Thanks for your kind note.
Super clear explanation, it answered 4 questions I had when I was looking for only one. Thank you very much 👍🙂
That is great to hear. Thanks for your kind note.
The good news is, when you inevitably end up being found guilty, you can sue yourself for ineffective assistance of counsel.
This was very informative and easy to understand; thank you!
Glad it was helpful! Thanks for your kind note.
Very useful! Thanks, Aaron!!
Glad it was helpful! Thanks for your kind note.
What if neither LLC will have any assets besides intelectual property? E.g. an indie game studio
I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
But if they come on their own because they where only with the company because of working with a particular employee is up to them?? Hmmmm 😳😏🤨😜
I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
VERY VERY helpful with the DBA info...Thank you.
Glad it was helpful! Thanks for your kind note.
Talk a little slower
Thanks. I appreciate your suggestion.
What about in the event of a death? Would it be better to have the husband as the partner to risk dissolution of the LLC?
Statistically, men have a shorter life than women, but this doesn’t matter in these circumstances. Here’s why: Upon an owner’s death, the LLC remains alive and is transferred (like property) to the owner’s heirs. For example, upon a husband‘s death, the LLC would usually be transferred to the wife.
Thank you Aaron this was very helpful.
Thank you, Stacey. I appreciate your encouragement.
What is BOI and is it really required? I heard a judge is looking into it about the Government overreaching, and don’t need to know who owns the business. I’m not sure I understand it.
This law (BOI) was challenged in the courts as unconstitutional. That legal process is currently working its way through the courts. There is no final decision at this time. To learn more about the current status, visit fincen.gov/news/news-releases/updated-notice-regarding-national-small-business-united-v-yellen-no-522-cv-01448
As a performing artist, considering what to set up, I want minimal paperwork and overhead. I was thinking of doing a sole proprietorship with DBA instead of an LLC, because what is somebody going to sue me for playing a bad song? 😂
Genuine question. I have a friend who has been imprisoned on a life sentence. 2 years ago who requested transfer to another prison and broke all contact(including with family), I requested contact again via the UK Gov prison site which he declined, his birthday just passed and of course it made me think of him so i request again this year. Can he send off for a cease ad desist with this? it was 2 years ago when I sent my first request so it's not like I spammed him but I worry this might be something he'll file for with his 0 contact approach with even his own mother
I wanna add I did add in my note to him that I was oc thinking about him with it being his bday but I would respect if he declined again so hopefully he wont, but could he?
Thanks for your kind note. I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
I want to creat gym apparel brand and live in the UK but there’s already a business in the US for gym supplements with the same name. I believe it’s trademarked as ‘… Muscle LLC’ and as I said in the US. Could I use something like ‘… Fit’ seeing as I’d be just apparel, not supplements and in a different country? No one in my county seems to be using the brand name but seeing as there’s one overseas and within the same industry it’s aimed at I just don’t know. Seriously want to be able to use this name somehow.
Thanks for your kind note. I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
Hell no. This is some archaic feudal remnant. The judge is no more honorable than any other person. If they judge me harshly because I refuse to feed their ego, so be it. Messed up system
So being actually uninformed makes it okay? Cant you then just lie then? And who decides that the person couldn’t come up with it themselves
I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
Really? I thought if he wasn't acting as a judge in his role off the bench, that's his occupation. That's interesting, thanks.
Thank you for sharing your thoughts.
I watched and enjoyed your video. I am Starting an online Coffee business and already have my IEN along with my LLC. I was working towards my coffee company being named "Sky Harbor Coffee". However there is an airport named "Sky Harbor international" in my state of Arizonia. Now they are an airport and I am a coffee business. How would something like this play out, any thoughts?
Thanks for your kind note. I appreciate the question. We have added this to the list of questions to potentially be answered in a future video.
Thank You Sir..
Thanks for your kind note.
Thank you very much for sharing !
Thanks for your kind note.
Why did American ever rebel against the Crown and declare independence in 1776? Only to end up as a debt slave to the IRS and Congress. Why?
So let's say me and three partners had a Business with a logo. We abandon it. And they are not using it for anything. Can I use the logo and alter it for a new business? I'm still part owner of the logo. Also, basically, we abandon the logo. No one is using it. There's no active company using it. Would I be able to alter it and use it?
I appreciate your message. Thank you for your question. We have added this to the list of questions to potentially be answered in a future video.
@@Hall thank you
These are great videos can you please do a video on if it’s a contingency and my attorney withdraws right before a deposition and trial date is in mid-September If my attorney with drawls does he have a claim on my case I got hit in Well in a lit up crosswalk with flashing lights by an Uber driver an Uber has already admitted the wrong so does my journey have a right to my case if he withdrew? Please do a video on it I’m surprised you don’t have a ton more views your videos are good thank you in advance
I appreciate your message. Thank you for sharing your thoughts. We have added this to the list of questions to potentially be answered in a future video.
I´M USING YOUR VIDEO IN MY CLASSES!
That is great to hear. Thanks for your kind note.
Maybe if they get pay more,they dont nwed a gift, how about pay people reasonable instead of you keep all the money. No body care what those Rats Race have to say. Just my opinion!
Amazing explanation
Thanks for your kind note.
Guys stop hating on me :(
Such a good video. I’m commenting to help the video show up on people’s algorithm.
Thanks for your encouraging note.
waiting new video
Thanks for this video ! I just got my LLC last month and now I want to change the name of my spa , would you say just adding a DBA would be best ?
I didn’t open yet or launch anything !
You have two options: file to change the name or have both names by setting up a DBA. Most people just change the name, they don’t do a DBA. This can be done with your state’s LLC registration office.
Great video, Aaron. I wish you went into detail on the FTC’s new rule banning non-competes.
Thanks for your kind note. We have added this to the list of questions to potentially be answered in a future video.
I don't understand, you take 50 grand in credit how do you extinguish them with 5 grand, sorry if I am being thick.
You can file for bankruptcy, depending on the case you could have to sell off some assets. eg. 2 houses under your name one may be sold.
@@papi_from_the_9th_floor I understand even less now, they were talking about cc?
Listen to the longer video he attached by clicking link.
@@arfriedman4577 thanks I will
Offer to settle the debt
Defund the IRS
I quit paying taxes because im tired of ever time i turn im taxed and that tax is being spent on things i dont wish it to go to. Illegal yes, but its trending and i hope it opens gov eyes.
You are a true American hero.
Democrats created the IRS under Woodrow Wilson. We've suffered under Democrat oppression for far too long