For the love of your business
For the love of your business
Although paying taxes is a largely unavoidable part of running a business, you might be pleasantly surprised to learn that there is one common type of tax you can often avoid paying—capital gains taxes. That said, the only way you can avoid paying capital gains taxes (at least legally) is if you plan in advance. […]
Read MoreWhether it’s your very first or your fifth company, if you’re looking to start a new business venture, you have two options: 1) build your own from scratch or 2) buy an existing one. And while many entrepreneurs dream of building their own company from the ground up, the reality is, launching a brand-new business […]
Read MoreIf you’ve always dreamed of running your own business but find the thought of building an entire company from scratch too daunting, you might consider investing in a franchise. When you purchase a franchise, you get an already proven business model and brand, which can make the startup phase significantly easier. In addition to getting […]
Read MoreStarting your own business can be both exciting and scary, and you are bound to make numerous mistakes along the way. But you’ll often discover that some of your biggest mistakes will later become your greatest strengths. This was exactly the case for Family Business Lawyer™ mentor, Ali Katz, who went from losing $1 million […]
Read MoreAs you grow your company, you may discover that it’s time to move beyond leveraging your personal credit to fund your business, whether through business or personal credit cards, and look for outside investors or lenders. When it comes to securing funding for your business, you must first decide what form of investment is right […]
Read MoreWhen it comes to owning your own business, don’t forget that building a company from scratch isn’t your only option. In fact, buying an existing business and making it your own is often a much more efficient, economical, and prudent way to fulfill your entrepreneurial dreams. Given that roughly 10,000 Baby Boomers turn 65 every […]
Read MoreFirst of all, a quick reminder: July 15th is this year’s due date for federal taxes, pushed back from April 15th due to the upheavals caused by the coronavirus, so get in action now, if you are not already, to get your taxes prepared and filed. Today we’re talking about the importance of keeping meticulous […]
Read MoreExiting your business isn’t a decision to be made lightly. It may have been something you were considering before the COVID-19 pandemic hit, or it could have been something that you’ve had to reckon with because of shelter-in-place orders. Maybe your business had already been struggling, and you’ve had to come to terms with your […]
Read MoreAs an entrepreneur, you’ve probably put lots of thought into the best ways to start and grow your business. But you likely haven’t put nearly as much effort into thinking about how you’ll sell it or exit it, in general. And if you decide that selling is the way to go, you’ll want to start […]
Read MoreWhether it’s your very first or your tenth, if you’re looking to start a new business venture, you have two options: 1) build your own from scratch or 2) buy an existing one. And while many entrepreneurs dream of building their own company from the ground up, the reality is, launching a brand-new business can […]
Read MoreIf you’ve always dreamed of starting your own business, but find the idea of building an entire operation from scratch too daunting, you might consider investing in a franchise. Since you’re getting an already proven business model and brand, purchasing a franchise can make the start-up phase quite a bit easier. In addition to getting […]
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