In recognition of Small Business Month, local attorney Michael Pike spoke to a room full of entrepreneurs, small business owners and start-ups in West Palm Beach about business equity best practices, operating agreements, employee agreements and more.
Business equity refers to the value of the ownership interest or stake that the owners or shareholders have in a company. It represents the residual claim on assets and earnings of a business after all the debts and liabilities have been paid off. In other words, equity is what remains of the company’s assets after all debts and obligations are settled.
Pike’s message to the business owners when it comes to business equity: protect yourself and your business now to avoid litigation later.
The talk was part of a new Business Optimization Speaker Series hosted by BlueIvy Communications and taking place at co-working space and business incubator 1909.