About Noel Bagwell

Read more at: http://www.executivelp.com/

Three Mistakes To Avoid When Selling Your Business

You have spent the last few months, years, or decades of your life building your business. You've poured your time, effort, and a lot of yourself into making the business a success. Now, you're ready to cash out, to get paid, and to move on to the next chapter of your life. Learn how to avoid foreseeable risks and problems when selling your business.

Three Mistakes To Avoid When Selling Your Business 2017-08-17T13:12:54+00:00

How To Be Better Than Google

The consequences of engaging in identity politics are significant and widespread. These consequences are not limited to politics. They touch on business issues, social issues, and, of course, legal issues. So, how can a business address the risks associated with identity politics in a preventive way? And how can that make your business better than Google?

How To Be Better Than Google 2017-08-15T15:03:46+00:00

Google’s Ideological Echo Chamber: Lessons for Your Business

Recently, a Google employee, James Damore, was fired for circulating a truly brave memo that dared to suggest "that Google has become an ideological echo chamber where anyone with centrist or right-of-center views fears to speak his or her mind,"...

Google’s Ideological Echo Chamber: Lessons for Your Business 2017-08-15T16:09:01+00:00

The Honest Lawyer – Episode 2

This episode is an entertaining and interesting "How To" episode about filing a Form D. This podcast episode is especially useful for those interested in raising money for a start-up or existing company by selling Membership Interests in a limited liability company, or "LLC". Noel Bagwell and Bradley Stephens discuss filing a Form D and complying with "Blue Sky Laws".

The Honest Lawyer – Episode 2 2017-03-27T12:21:20+00:00

Trusts Are Not Suitable Replacements for LLCs

The reasons people form RLTs and the reasons they form LLCs are completely different. While RLTs and LLCs have a few features in common, they have more differences than similarities. The bottom line is that RLTs are a great tool for avoiding probate; whereas LLCs (or other business organizations), not RLTs, should be used to manage ongoing business concerns.

Trusts Are Not Suitable Replacements for LLCs 2017-02-10T15:02:28+00:00

The Honest Lawyer – Episode 1

Episode 1: Meet Noel and Bradley as they discuss the philosophy behind types of fee arrangements and what makes ExecutiveLP an innovative law firm that delivers value through flat fee and subscription based fee structures. Also, they discuss why a business should care about hiring a preventive lawyer and how it can actually add dollars to your bottom line.

The Honest Lawyer – Episode 1 2017-03-27T12:20:35+00:00

Protecting Your Small Business from Immigration Problems

Until such time as Congress finds the wherewithal to do its job, immigrants and illegal aliens in the U.S. who are engaging in commerce, here, will have to deal with significant uncertainties. Nashville business attorney Noel Bagwell explains how businesses owned by nonresident aliens can protect their business interests from immigration problems.

Protecting Your Small Business from Immigration Problems 2017-02-01T12:42:08+00:00

Protect Your Million-Dollar Company with One Powerful Decision

This powerful decision will help you protect your million-dollar business by going beyond cutting costs to maximize your company's value. Usually, when it comes to legal services, you'll find that striking this delicate balance between cost and value is not easy, and will require you to foster a relationship with a business attorney.

Protect Your Million-Dollar Company with One Powerful Decision 2017-02-01T11:52:17+00:00

Pyramid Schemes, Multi-Level Marketing, and the “Virtual Franchise”

A wise businessperson would do well to be extremely cautious, skeptical, and wary of any business that engages in Pyramid / Multi-Level Marketing / MLM / or structuring of their business relationships--even if they're called something else that seems innocuous, like a "Virtual Franchise".

Pyramid Schemes, Multi-Level Marketing, and the “Virtual Franchise” 2017-01-26T15:23:52+00:00

Brands: Accurate vs. Sexy

In my work as a business attorney who has helped a lot of people start new businesses, I tend to get a lot of questions about branding--specifically about choosing brand names. One specific question that tends to give people a hard time is whether their business name should be appealing or whether it needs to accurately reflect key concepts of the business.

Brands: Accurate vs. Sexy 2017-01-26T15:23:52+00:00

Signet™ General Counsel Legal Service Plans Changing in 2017

We now have three tiers of Signet™ General Counsel legal service plans: an Essentials plan for start-ups and micro businesses, the Advantage plan for most small businesses, and the Ultimate plan for businesses that want our most robust preventive legal solution. Now, with more variety and better scaling, our General Counsel legal service plans will tailor themselves to your business like never before.

Signet™ General Counsel Legal Service Plans Changing in 2017 2017-01-26T15:23:52+00:00

Business Formation Legal Service Plans Changing In 2017

In 2017, our excellent Business Formation and Signet™ General Counsel legal service plans are more affordable than ever. We now offer a greater variety of service plans, a more scalable pricing formula for Signet™ General Counsel, and improved synergy between our Business Formation and Signet™ General Counsel legal service plans.

Business Formation Legal Service Plans Changing In 2017 2017-01-26T15:23:52+00:00

What Entrepreneurs Should Learn from Christopher Columbus

Imagine Christopher Columbus going on Shark Tank. What would that pitch have sounded like? Would Barbara Corcoran or Lori Greiner have given him a deal? I'm thinking probably not. For one thing, the risk he was taking was insane. But risk and reward often have a strong connection, if not an outright correlation. As an entrepreneur, like Columbus, you have to be willing to take huge risks if you want to make a world-changing impact.

What Entrepreneurs Should Learn from Christopher Columbus 2017-01-26T15:23:53+00:00

Using General Counsel Well: Three Tips for Entrepreneurs

Sometimes, entrepreneurs have no idea how to work with their General Counsel to protect and add real value to their business. You need to communicate with them about your needs. You need to be clear. You need to remember that they want to help you...

Using General Counsel Well: Three Tips for Entrepreneurs 2017-01-26T15:23:53+00:00

The Dangers of DIY Legal Work

Let me share with you a story of how DIY Legal Work becomes more expensive than hiring an attorney to provide essential preventive legal services. This is a case study in how to screw yourself in the long term by trying to save money in the short term. Meet Stephen, our hypothetical case study participant...and learn exactly what NOT to do.

The Dangers of DIY Legal Work 2017-01-26T15:23:54+00:00

Staunching the Flow of Bleeding Hearts, Bleeding Wallets

What is your business? Are you selling goods and services, or are you giving away goods and services? In other words, which comes first, charity or profit? Your bleeding heart doesn't have to bleed your wallet dry, but it will if you don't make the right choices, prioritize your activities, and rely on good professional guidance to get from where you are to where you want to be.

Staunching the Flow of Bleeding Hearts, Bleeding Wallets 2017-01-26T15:23:54+00:00

The Stink of Fear

When a client has made mistakes it will cost a lot of money to repair, the fear funk is powerful enough to bring people to tears. If you stink of fear, make a plan. Don't worry about making it perfect. Just have one.

The Stink of Fear 2017-01-26T15:23:54+00:00

The Maker-Trader Principle

The Maker-Trader Principle, as first stated by me, is: "You can do what you do, or you can do the business of what you do, but most people cannot do both well." Examine your role in your start-up. Are you a maker or a trader? If you are like most people, you're going to need to connect to either a maker or a trader--whichever you are not--if you want to successfully launch a start-up.

The Maker-Trader Principle 2017-01-26T15:23:54+00:00

Real Diversity is Invisible

Stop focusing on the visible, the superficial, which will inevitably lead you to make some kind of discriminatory decision. Instead, focus on real diversity, diversity of thought, which is invisible but far more important. If the culture of your business is one that encourages openness to new ideas, starting at the top of your organization, the atmosphere of inclusion and respect will demonstrate how much you appreciate everyone's point of view, regardless of race, gender, sexual orientation, etc. Isn't that supposed to be the goal of all efforts to promote workplace diversity?

Real Diversity is Invisible 2017-01-26T15:23:54+00:00

Workplace Investigations by Outside Counsel – What Do You Have to Lose?

Courts have placed increasing responsibility on employers to conduct investigations of alleged violations of employment laws, and an employer’s defense in seeking to minimize both liability and damages in these situations often depends on its prompt corrective action. Whether or not an employer chooses to use its own legal counsel for such an investigation will directly impact the application of the attorney-client privilege and the attorney work product doctrine.

Workplace Investigations by Outside Counsel – What Do You Have to Lose? 2017-01-26T15:23:55+00:00

Improving the Most Important Aspect of Every Relationship

I think expectations are probably what make relationships most difficult to manage. In order to overcome these costly expectations, one must focus on improving the relationship with the person who must decide whether or not to trade with him. Improving a relationship--whether a personal or business relationship--usually comes down to one thing: communication.

Improving the Most Important Aspect of Every Relationship 2017-01-26T15:23:55+00:00

Is Your Attorney Charging a Reasonable Fee?

I believe what makes a fee reasonable is that each person believes they are receiving something they value more than what they are giving up in order to get it. The client believes the services are more valuable than the money they are paying for them. The lawyer believes the money is more valuable than his time, skill, legal acumen, etc.

Is Your Attorney Charging a Reasonable Fee? 2017-01-26T15:23:55+00:00

A Lawyer’s 7 Laws of Texting in Business (With Commentary)

Our communication, in business, should always be context-appropriate, safe for work, and delivered in the most effective, efficient way possible. Failing to communicate well can lead to business disruption. There are times when texting is appropriate, but using text messages inappropriately is unprofessional and potentially dangerous. Text carefully.

A Lawyer’s 7 Laws of Texting in Business (With Commentary) 2017-01-26T15:23:55+00:00

Promises, Promises

It's another Musical Monday, here, on the ExecutiveLP™ blog. Today's feature: Promises, Promises by Naked Eyes. We're going to be talking about the legal consequences of promises, whether or not a broken promise is fraud, and why it benefits you to always ask your attorney.

Promises, Promises 2017-01-26T15:23:55+00:00

5 Reasons You Need General Counsel Now

Smart entrepreneurs and business decision-makers find ways to build teams both inside and outside their company to provide them with essential services upon which their long-term success depends. Every single entrepreneur and business needs General Counsel, and here are five reasons why you need General Counsel, now.

5 Reasons You Need General Counsel Now 2017-01-26T15:23:55+00:00

The ExecutiveLP™ Commitment to Affordability

ExecutiveLP™ understands that having options about how and when you pay for legal services can make the difference between having the preventive legal services when you need them, and having to pay too much because you waited too long. Read about our Six Months Same as Cash plan, Military Discounts, and our Commitment to Affordability Program.

The ExecutiveLP™ Commitment to Affordability 2017-01-26T15:23:55+00:00

Do Entrepreneurs Get “Snow Days”?

Entrepreneurs don't really get "days off" in the way most people do. The reality of the life that has to be balanced against the job, though, is that there are other opportunities, too--life opportunities, opportunities to slow down and enjoy the freedom self-employment offers. Snow days are an example of such an opportunity.

Do Entrepreneurs Get “Snow Days”? 2017-01-26T15:23:55+00:00

Three Simple Solutions for Managing Legal Risks

When we observe that legal risk is everywhere, it's not a scare tactic; that's just the reality in living in our litigious, over-regulated society. As a businessperson, you can acknowledge the reality in which you live and adapt to it, or you can stick your head in the sand. Managing legal risk is about preemptively spotting and plugging holes. Read three simple steps to make sure you don't look like an ostrich in a suit.

Three Simple Solutions for Managing Legal Risks 2017-01-26T15:23:56+00:00

Is Becoming a Franchise Right for Your Business?

Is becoming a franchise right for your business? Deciding to start a franchise really does not depend on what goods your business produces or what kind of services it provides; rather, whether your business is franchise-eligible largely depends on how well you can instruct others to replicate the business of what you do. We present five questions to ask yourself if you are curious about franchising your small business.

Is Becoming a Franchise Right for Your Business? 2017-01-26T15:23:56+00:00

Your 2016 New Year Solutions

This year, don't just make resolutions. Instead, actually focus on real solutions. Legal solutions, like Signet™ General Counsel legal services from ExecutiveLP™, are a necessary part of the support your business needs. Our Signet™ General Counsel legal service plan has been carefully crafted to be the can't-live-without, essential legal solution for small businesses in search of General Counsel at a reasonable price.

Your 2016 New Year Solutions 2017-01-26T15:23:56+00:00

Writing Liquidated Damages Clauses 101

Penalty clauses are not economically efficient. This is why penalty clauses are not and should not be enforceable. That's not to say the parties are without a remedy for breach of contract--far from it! In fact, liquidated damages are the norm; sometimes, even specific performance can be required to cure a breach of contract. Read our three tips for effectively using liquidated damages clauses.

Writing Liquidated Damages Clauses 101 2017-01-26T15:23:56+00:00

Franchising Regulations

Business attorney Noel Bagwell describes franchising regulations in the United States. Franchising regulations exist at both the national (federal) and state level. The Federal Trade Commission ("FTC") enforces a the trade regulation rule called "Disclosure Requirements and Prohibitions Concerning Franchising," codified at 16 C.F.R. 436. In the franchising industry, this is more often simply called the "FTC Rule" or the "Franchise Rule."

Franchising Regulations 2017-01-26T15:24:04+00:00

Finding Value in the Multifaceted Role of General Counsel

Today, General Counsel attorneys do more than ever before for the companies they serve, because the need for excellent General Counsel has never been higher. In this article, learn how General Counsel attorneys bring value to your company by serving a diverse array of needs each company has.

Finding Value in the Multifaceted Role of General Counsel 2017-02-13T12:04:00+00:00

We Hate the Billable Hour and You Should Too

Executive Legal Professionals HATES the billable hour. Here are three reasons you should hate it too. Incentives matter, and minimizing use the billable hour has brought my incentives in line with my clients’ incentives and improved my ability to add value in the matters for which they have hired me.

We Hate the Billable Hour and You Should Too 2017-08-15T16:54:55+00:00

HALF

Nashville, TN--Business attorney Noel Bagwell asks & answers: "Is Your Ex Entitled to Half Your Business," and discusses how to keep them from taking HALF.

HALF 2017-01-26T15:24:07+00:00