According to the U.S. Small Business Association, small businesses create almost two of every three jobs in the U.S. every year, and half of working Americans are either owners or employees of a small business. The SBA advises entrepreneurs to seek counsel while in the initial phases of getting a business off the ground. As […]
Read MorePlanning for the transfer or liquidation of your business when you are ready to retire or when you die is just as important as the planning you did in starting up your small business. Here are some tips from a Family Business Lawyer™ on how to use estate planning strategies to transfer your business interests: […]
Read MoreIf you’re a small business owner, you undoubtedly spend countless hours juggling bills and balancing your books, not to mention all those extra hours you spend worrying about the future of the little business venture that grew and grew during the “good old days” before the recession that slammed small businesses. In fact, you’ve been […]
Read MoreMany Americans are starting their own businesses these days, and may be confused about exactly what the best ownership structure is for their business. The answer is, it depends on the type of business, how many owners are involved, and the financial situation for each owner. Here are some considerations when deciding which structure to […]
Read MoreStarting your own business? One of the first things you will need to do is to decide what type of business entity is best for you. There are pros and cons to each and it is advisable to consult with a Family Business Lawyer™ before you make your decision: Sole Proprietorship – nearly three-quarters of […]
Read More