For the love of your business
For the love of your business
Q & A: QUESTION ______________________________________________________________________________ Q: How does a “buy-sell” agreement work? —Curious CFO ANSWER ______________________________________________________________________________ A: Dear Curious: If you share ownership of your business with one or more other people, a buy-sell agreement ensures that upon certain conditions—such as your death or permanent incapacity—the other owners are able to […]
Read MoreWhen you run your own business, oftentimes one of the most confusing aspects of the job, especially if you are new to the experience, is understanding how to separate yourself from your business. And this issue can show up in so many ways, from achieving a work/life balance and managing your time to how you […]
Read MoreIf you dream of one day leaving your company to your family, but you haven’t properly included your business in your estate plan, that dream could become a nightmare for your heirs—and for your partners, team members, and clients, too. In fact, properly planning for what would happen to your business upon your death or […]
Read MoreIf you are thinking about hiring a lawyer to help with your business, you may be wondering why you should work with a Family Business Lawyer™ rather than a “traditional” business lawyer. What makes us so different from other lawyers? Last week, in part one of this series, we discussed what it’s like to work […]
Read MoreIf you are thinking about hiring a lawyer to help with your business, you may be wondering why you should work with a Family Business Lawyer™ rather than a “traditional” business lawyer. What makes us so different from other lawyers? The best way to explain how Family Business Lawyer™ firms are different requires an explanation […]
Read MoreThere are numerous advantages to running your own business: being your own boss, setting your own hours, getting to decide who you work with and what you work on. However, business ownership can also be one of the most stressful endeavors you’ll ever undertake in your life. While running your own company will inevitably have […]
Read MoreQ & A: QUESTION ______________________________________________________________________________ Q: How can I use legal agreements to establish healthy boundaries with clients? —New Business Owner ANSWER ______________________________________________________________________________ A: Dear New: To ensure your clients are aware of your boundaries—and the consequences for breaching them—you can incorporate your boundaries in the terms of your legal agreements. […]
Read MoreRegardless of the industry you are in, the reality of being a business owner is that you open yourself up to a number of unique risks that most people don’t have to worry about—and the more successful your business is, the more risks you face. Unfortunately, most business owners aren’t fully aware of all the […]
Read MoreOutside of personal liability protection, one of the primary advantages of setting your business up as a Limited Liability Company (LLC) is flexibility in how your company is taxed. And many business owners elect to have their LLC taxed as an S Corporation (S-Corp) to save money on payroll taxes. By choosing to be taxed […]
Read MoreIf you are thinking of starting a business, you’ll find all sorts of advice about how to go about getting your new venture off the ground. Indeed, there are entire websites devoted to the topic. Yet, with so much information out there, it’s hard to know what you should heed and what you can ignore. […]
Read MoreDo you feel obligated to check work emails, texts, and voicemails at all hours? Do you often work evenings, weekends, and holidays, even after you promised yourself you wouldn’t? Do you feel pressured to say yes to pushy clients because it’s easier than saying no? Do you feel resentful of clients for placing unreasonable demands […]
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