For the love of your business
For the love of your business
How to Properly Structure a Founder’s Agreement for Your New Venture We are a nation of entrepreneurs, but we are also living in a litigious society, so if you are starting a new venture and there are other founders involved, a founder’s agreement is essential to protecting your fledgling enterprise. Here are some tips on […]
Read MoreWhether you are just starting a new business or have been running a business for years, there are four common legal mistakes that both novice and seasoned entrepreneurs make that can have a significant impact on the future viability of your company: Co-mingling of business and personal finances. You may have started your business as […]
Read MoreOur state is rich with families who have started businesses here and watched them thrive through the generations. However, there are also many examples of family businesses that have failed to weather the changes in generational management and ceased to exist. In many cases, this could have been avoided through careful business succession planning. A […]
Read MoreIf you own a small business, there is probably at least some part of you hoping to pass the reins on to one or more of your children. After all, spending so much time and effort on something that’s not going to last doesn’t sit well with most entrepreneurs. It may be difficult to look […]
Read MoreAccording to the Family Business Institute, less than one-third of family-owned businesses make it past the second generation of ownership and only 1 in 10 survives through three generations. Based on a New York Times study of family businesses, here are some tips on how you can ensure your family business survives: Reinvention. Businesses that […]
Read MoreOne of the most common questions business owners want to know is what kind of legal agreements they need. And while the answer to this question depends a lot on what kind of business you operate, there are four key legal agreements that virtually every business owner will need to protect and operate their business […]
Read MoreIf you are planning to sell your company now or sometime in the future, a recent Forbes.com article advises that there are 3 strategies you should use to get as much cash out of your hard work in building the business as possible: Pre-sale planning. Look for opportunities to increase the sale price of your […]
Read MoreConsider all the time you have spent or will spend building your business – and then consider how much energy you have spent on how to protect it or protect your family from it. Unfortunately, many small business owners don’t give much thought to asset protection until it’s too late – when a suit is […]
Read MoreIf you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die. If you don’t have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, […]
Read MoreThe recent birth of Prince George Alexander Louis to Prince William and Kate Middleton gives the House of Windsor a living 4th generation heir to the throne. Prince George will undoubtedly need to wait for 60 or more years until he ascends to that throne, given the longevity that runs in his bloodline. His grandfather, […]
Read MoreBeing the owner of a family business can complicate your personal estate planning, since no doubt much of the wealth you want to pass on to your heirs is tied up in the business. Being able to do so in a tax-advantaged way – and in a way that won’t cause a family feud – […]
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