For the love of your business
For the love of your business
While there is no such thing as a business with no risk, most savvy business owners look for ways to mitigate risk as much as possible. Being aware of these three legal risks will create an understanding for the future of your business. Trusting a verbal or handshake agreement. This is more common early in […]
Read MoreEvery business owner at one time or another needs legal advice. While it may be tempting to turn to the Internet for your legal needs, there are three important instances when you will want to consult with a real live Family Business Lawyer™: Entity Formation When you are ready to start your business, you will […]
Read MoreTerri Kelly, a mother of six who started her “second life” as an entrepreneur designing comfortable flip-flops, did everything right when she launched her company. First, she designed a great product that addressed a market need. She worked tirelessly to get her product into shops, boutiques and local stores. And she trademarked her unique branding […]
Read MoreBefore you consider in a new startup, you should understand that there is quite some distance between a great idea and a great company. As part of your due diligence, perform these reality checks before you spend your savings on starting something new: Are you ready for the entrepreneurial lifestyle? Entrepreneurship is not a get-rich-quick […]
Read MoreOne of the biggest risks small business owners take is not properly protecting their personal assets from business liabilities or judgments. In a recent Entrepreneur.com article, Mark Kohler, author of The Tax & Legal Playbook, offered these 8 asset protection strategies for business owners: Choose the right business structure. Operating as a sole proprietorship offers […]
Read MoreEntrepreneurs often make up in enthusiasm what they lack in business experience, but passion alone is not enough to ensure the success of a startup. If you’re starting a new business, you need to watch for the following six legal snares that could potentially sink your startup: Lease agreements. A commercial lease is much different […]
Read MoreAccording to the U.S. Small Business Administration, more than half of small business startups in the last 10 years have been home-based. Whether you are contemplating setting up shop at home as a consultant, a baker or a handy man, there are certain legalities that need to be considered to ensure you have protected yourself […]
Read MoreWhen you hear the name “Oprah,” you think of one person. Not only because the name itself is so unique, but also because billionaire entrepreneur and media mogul Oprah Winfrey has done such an outstanding job of protecting and promoting her brand. A recent article at Entrepreneur.com examined the legal strategies Oprah has employed to […]
Read MoreMaybe you have dreamed of leaving the business you have built to your heirs, but if you do not have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, that dream may not be realized. Any number of factors can work against your dreams if you […]
Read MoreThese days, many people are reinventing their work lives by investing in a franchise. Franchises offer the benefit of a proven business model, making them attractive to new business owners who seek to manage risk and protect their investment. However, franchise agreements are not forever and there are circumstances when a franchise owner chooses — […]
Read MoreWhether it is due to the high unemployment rates that hit several years ago or the entrepreneurial itch Baby Boomers are now scratching instead of retiring, many married people have started their own businesses. These businesses could be put in jeopardy if the owners divorce. If you own a business, it is probably your largest […]
Read More
