For the love of your business

Articles to LIFT Your Life and Business

4 Strategies For Protecting Your Business Against Wrongful Termination Lawsuits

Although 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 […]

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3 Steps For Choosing The Right Business Insurance For Your Startup—Part 2

When 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 […]

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3 Steps For Choosing The Right Business Insurance For Your Startup—Part 1

When 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 […]

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Insurance Coverage You Might Not Know You Need

When 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, […]

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4 Essential Asset Protection Strategies for Entrepreneurs—Part 1

No 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 […]

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The Most Important Legal and Financial Actions To Take Right Now

Owning 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 […]

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Facing Your First Lawsuit? Here Are the Steps You Need To Get You Through

Facing 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 […]

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Time to Change Your Practices if You Are an IC or Employ an IC in CA

If 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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5 Events That Necessitate An Immediate Review Of Your Insurance Coverage

When launching a new business, it’s critical to invest in the proper types and level of insurance coverage to protect your budding company from liability. But like other foundational business systems, if your insurance isn’t regularly reviewed and updated as your operation grows, your coverage may prove inadequate, putting your business at serious risk. In […]

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Questions and Answers About Cyber Insurance

You’ve undoubtedly heard news stories about big companies like Target and Equifax having their computer networks breached and their customer data stolen. Depending on the nature and severity of the breach, these companies can face massive lawsuits, hefty fines, and see their reputations negatively impacted by the resulting media fallout. To guard against cyber threats, […]

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Questions and Answers About ACA Compliance for 2019

Over the past few years, the Trump administration and Republicans have consistently worked to weaken and repeal the Affordable Care Act (ACA). The most significant of these efforts was the 2017 Tax Cuts And Jobs Act (TCJA), which repealed the ACA’s individual mandate requiring all Americans have health insurance or pay a penalty. This repeal […]

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