For the love of your business
For the love of your business
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, […]
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 […]
Read MoreWhen 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 […]
Read MoreYou’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, […]
Read MoreOver 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 […]
Read MoreIt’s estimated that one-in-three small businesses is sued or threatened with a lawsuit at some point in its life cycle. And even if you end up winning the suit, the price of defending yourself in court can be massively expensive in terms of lawyer fees and court costs. Seeing that you face potentially ruinous risks […]
Read MoreAs an entrepreneur, you’re no doubt extremely talented and driven when it comes to your core product or service. Whether you develop smartphone apps, provide healthcare services, or brew craft beer, without a high level of confidence and passion for your particular trade, you probably never would’ve gone into business in the first place. On […]
Read MoreNearly every week, the news is filled with headlines announcing that some big company lost or was forced to settle a lawsuit for mega millions. While big-name corporations may be able to survive such litigation relatively unscathed, for small and medium-sized businesses, just a single lawsuit could sink your entire operation. Even if your company […]
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