For the love of your business
For the love of your business
Each year, between 35% to 53% of small businesses in the U.S. are hit with a lawsuit, according to the Small Business Administration (SBA). With statistics like these, it may not be a matter of if your company will get sued, but when you will find yourself in a conflict that could result in a […]
Read MoreAs a business owner, your family members aren’t the only ones who could be devastated by your death. Should something happen to you, your team, partners, and clients could all face disastrous consequences. To address this risk, you should seriously consider investing in life insurance. As we pointed out in a previous post, having the […]
Read MoreFrom websites and social media to e-newsletters and mobile apps, it’s virtually impossible to survive in today’s marketplace without having a digital footprint of one form or another. And when it comes to conducting business in the online world, protecting your clients’ personal data is paramount. On that front, more than half of all small […]
Read MoreAlthough you might think of your team as family and believe that they would never sue you, lawsuits filed by employees are actually one of the most common causes of litigation for business owners. In fact, nearly one in every five small businesses will eventually get sued by an employee. Of all types of lawsuits […]
Read MoreWhen launching a new business, it’s crucial that you put the right insurance in place. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you do need—you could […]
Read MoreWhen launching a new business, it’s crucial that you get the right insurance in place for your company. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you […]
Read MoreWhen you are just starting your business, it’s easy to lose sight of just how many potential risks your company faces. Yet a single catastrophic event, accident, or lawsuit can wipe out your company before it even has the chance to get off the ground. What’s more, as we’ve seen with the events of 2020, […]
Read MoreNo matter what line of business you are in, the reality of being a successful entrepreneur is that you open yourself up to a number of unique risks—and the more successful you get, the more risks you face. Asset protection planning is intended to reduce or eliminate the risks of being in business by shielding […]
Read MoreOwning a business is challenging even in the best of times. Add a global pandemic, the likes of which we have never seen in our lifetime, and it becomes much more overwhelming. Often, business owners try to compensate for shortcomings in their business by bringing in more and more revenue. For many people, however, business […]
Read MoreFacing your first lawsuit as a business owner can throw you into emotional turmoil and fear, understandably. Suddenly you are faced with extraordinary costs and uncertainty. Even worse, the lawsuit may be reflecting back to you your greatest fears about yourself, and perhaps even about the work you do. But a lawsuit doesn’t have to […]
Read MoreIf you are an Independent Contractor in California, or you have any team members in California that you have hired as an Independent Contractor, you must contact a Family Business Lawyer™ immediately to discuss your options. You can read the summary of AB5 on Wikipedia, including legal challenges to the law. And, you can read […]
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