The Business Mentoring Center
The Business Mentoring Center
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Welcome to Corporate Cranium Business Mentoring Center

Every great performer, whether an elite athlete or entertainment legend, has the need for professional coaches and advisors.

The goal of our bi-monthly newsletter is to help you find the advisors, coaches and professional support you need to maximize the performance of your business.

Find timely articles that help you navigate through the ever-changing daily grind of owning and managing a business.

Sign-up for out Bi-monthly news.

Our Goal is to support and mentor businesses in 3 key areas!

Starting Your New Business

Ask the right questions and find the right answers for issues such as entity type, financing, accounting structure, insurance, partnership, marketing and employees.

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Improving and Growing Your Business

Sales, Marketing and Advertising, Team Building and Recruitment, Systems and Business Process Development, and Customer Service.

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Selling Your Business for Maximum Value

Determine whether it is ready to be sold, its real value and an achievable selling price, as well as the potential structures for a transaction.

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Recent Mentor Articles

Independent Contractors vs. Employees

By Roben Hunter, Hunter Advisors, PLLC

For many years the IRS has been scrutinizing the distinction between Independent Contractors and Employees for businesses.  Business owners would prefer the workers categorized as independent contractors.  Some of the reasons are as follows: Independent contractors are not covered by workers’ compensation or unemployment; Businesses do not need to withhold payroll tax on the earnings…

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Building Performance Pay Into a Union Contract

By Bob Halagan, Halagan Law Firm, LTD.

One of the biggest criticisms of unions is the concept that they reward the poorest performer while failing to adequately compensate the best performers.  Union contracts typically have a one-size fits all pay scale that applies to everyone in particular classification (ex. every mechanic gets paid the same wage).  Some union contracts focus on seniority;…

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Who Wants to be You?

By Gary Sorenson, Insurance Brokers of Minnesota

Nine million. That’s how many Americans have their identities stolen each year, estimates the Federal Trade Commission. Identity Theft a Common Risk From January 2005 until November 2011, a staggering 543 million personal records were breached, reported the Privacy Rights Clearinghouse. The FTC noted that, in half of the criminal incidents in 2005, thieves obtained goods…

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Changes to United States Patent Law Fees

By Michael Sherrill, Sherrill Law Offices

The Federal Government instituted sweeping changes to United States Patent Law this past fall with enactment of the “America Invents Act” (“The Act”).  The ten aspects of The Act which will likely have the biggest impact upon small and startup businesses were listed in the January issue of Corporate Cranium.  The first of these aspects…

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Taxes…Taxes – What to Know for 2012 Planning

By Roben Hunter, Hunter Advisors, PLLC

Although much of the tax returns look the same as last year, there are a few items that you should be aware of that will affect your 2012 tax planning.  The following tax provisions for individuals have been extended through 2012: Capital gain tax rate of 15% for both regular tax and alternative minimum tax…

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Changes to United States Patent Law: Win, Lose or Draw for Small and Startup Businesses

By Michael Sherrill, Sherrill Law Offices

The Federal Government instituted sweeping changes to United States Patent Law this past fall with enactment of the “America Invents Act”.  While many of the substantive changes do not take effect until fall of 2012, it is important to understand the likely consequences, both intended and unintended, of these changes in order to avoid costly…

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New Increases for Social Security in 2012

By Roben Hunter, Hunter Advisors, PLLC

There are new increases in Social Security that have been recently announced, both for the recipients and the employee/employers currently paying into the system.  For those of us paying into Social Security in 2012, the Social Security tax will be payable on the first $110,100 of income received per person in 2012, which is an…

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Chapter 4: When to Patent

By Michael Sherrill, Sherrill Law Offices

You’ve just come up with an idea for a new product or process or an improvement on an existing product or process.  You’re convinced that if this invention works the way you think it will, you’ll be rich beyond your wildest dreams.  You know that you need to patent this invention to prevent competitors from…

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New Exclusions from Minnesota Estate Tax

By Roben Hunter, Hunter Advisors, PLLC

At the end of 2010, the federal estate tax exemption amount was increased to $5 million, which means that up to $5 million dollars worth of assets can pass from an individual to others at death without incurring a federal estate tax.  Unfortunately, Minnesota did not adopt the federal exemption amount but instead has continue…

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