For the love of your business
For the love of your business
Small businesses dominate the American business landscape, but those that survive several generations are relatively rare. If you are a small business owner, you need to be sure you are not committing any of these four deadly legal mistakes: Mixing personal and business finances. If your small business started as a hobby or a side […]
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 MoreSelling your business should be approached with the same attention to detail as when you started your business. There is nothing worse than wasting weeks of your time on a deal that will never go through because the buyer is not serious or does not have the cash to buy your business. Spend a little […]
Read MoreIf you’ve made the decision to sell your small business, there are a number of things you will need to do in addition to consulting with a Family Business Lawyer™ to ensure the process goes smoothly: Set a realistic price. Coming up with a realistic price for your business will entail some research. Look at […]
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 MoreCreating an estate plan for your business is just as important as developing one for your personal assets. Part of estate/succession planning for business is planning for the day you eventually retire and hand the reins of the business over to someone else, either through succession, inheritance or sale. Most small business owners want a […]
Read MoreBaby boomers are the most entrepreneurial generation, with much of their personal wealth tied up in the businesses they own. This makes it more important than ever for boomers to undertake some business estate planning for when it’s time to transition into retirement. Experts caution business owners to avoid these common mistakes when preparing to […]
Read More
