US Corporate Tax Form

A Basic Overview of Corporate Inversions

There has been a lot of talk over the past few days of corporate inversion.  Corporate inversion happens when an American company changes its domicile to another country by merging with a foreign entity.  Inversions have been occurring at a rapidly accelerating rate.  Pfizer attempted one of the largest inversions in history with the AstraZeneca merger that…

McDonald's Counter In New Store Copyright Joshua Kennon

Dealing with Business Rejection, the McDonald’s Franchise Disclosure Document, and a $114 Million Coffee Fortune

From time to time, I get messages from business owners or entrepreneurs who are discouraged and upset.  Their family, friends, colleagues, bank officers, or suppliers don’t believe in what they are trying to do and they take it personally.  This afternoon, as I sat in a McDonald’s restaurant having coffee and revisiting an excellent book called McDonald’s Behind the Arches that details the historical rise of one of the world’s largest real estate portfolio masquerading as a hamburger chain, I was reminded of a story I first read back in college that I think has a lot of powerful lessons.

La Marche des Scythes on Harpsichord

La Marche des Scythes

La Marche des Scythes I’m working from my home study trying to get a bunch of stuff knocked off my agenda now that we are starting the 3rd quarter of the year but I have a certain passage from La Marche des Scythes in my head. I’ve been playing it on repeat at full blast…