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Banking, Cash and Cannabis

Cannabis remains federally illegal in the United States. This means it is illegal for banks to handle medical and recreational cannabis revenue. As with other aspects of the cannabis business, the federal illegality of cannabis greatly complicates life for business owners. Large national banks comply with federal law and refrain from doing business with cannabis […]

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Banking and the Small Business Owner

The Corporate Veil:  Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation.  The very reason you went to the trouble and expense to incorporate in the first place will be rendered void if you do not routinely exercise a […]

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Have You Hugged Your Banker Lately?

Can You Live Without a Bank? While the hatred of financial institutions is rather en-vogue, the simple truth is that banks, banking, and bankers play a very important role for all businesses whether one wants to admit it or not. Think about it: You are buying supplies and selling products. How are you paying for […]

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