Small Business Talk of the Month at WPB

In recognition of Small Business Month, local attorney Michael Pike spoke to a room full of West Palm Beach entrepreneurs, small business owners and startups about business equity best practices, operating agreements, employee agreements and more.

Business equity refers to the value of the stake or stake that owners or shareholders have in a business. It represents the residual claim on a company’s assets and profits after all debts and liabilities have been paid. In other words, equity is what remains of the company’s assets after all debts and obligations are settled.

Pike’s message to business owners when it comes to business fairness: Protect yourself and your business now to avoid litigation later.

The talk was part of a new speaker series on business optimization hosted by BlueIvy Communications and held at the 1909 co-working space and business incubator.