For the love of your business
For the love of your business
Being the owner of a family business can complicate your personal estate planning, since no doubt much of the wealth you want to pass on to your heirs is tied up in the business. Being able to do so in a tax-advantaged way – and in a way that won’t cause a family feud – […]
Read MoreAccording to the Kauffman Index of Entrepreneurial Activity, approximately 300 of every 100,000 U.S. adults started a business in 2012. The Index found that over 514,000 new firms were started every month in 2012 – but how many will succeed? Of course, in business –as in life – there are no guarantees. According to the […]
Read MoreAs the U.S. population ages, so does its workforce. According to the U.S. Dept. of Labor, one-third of the American workforce will be over the age of 55 in just three years. As a small business owner, chances are you have plans to retire some day. If you are not planning to sell the business […]
Read MoreRupert Murdoch, the 82-year-old media mogul worth over $11 billion, has filed for divorce from his third wife, Wendi Deng, in New York. Legal experts say that he has chosen the venue for his filing wisely, as New York courts are more likely to uphold a prenuptial agreement than those in his native Australia or […]
Read MoreIf you are running your own business and not looking at agreements regularly, it’s likely you are overlooking an important piece of your business and taking unnecessary risks. The truth is that you do not need to have written agreements to have a valid agreement, but it sure does help when there is a dispute […]
Read MoreThe Association of Certified Fraud Examiners has reported that companies with fewer than 100 employees lost an average of $155,000 annually as a result of fraud, identity theft and cybercrime. Here are some tips for protecting your small business from becoming a victim: Protect bank accounts and credit cards. First, be sure that your personal […]
Read MoreSooner or later, you are going to have a client who doesn’t pay you for services or products provided. Customers who do not pay are a fact of life for every business, so what are your alternatives? Here are some options: In-house collections – Designate someone in your firm to contact the buyer personally to […]
Read MoreMost small business owners are aware of the importance of protecting their personal assets from business liabilities. However, the reverse is just as necessary – protecting your business assets from personal legal troubles. For example, if you are at fault in a serious auto accident that injures someone and you own a business, the assets […]
Read MoreAnyone involved in a family business knows that working with family has its pleasures and its pitfalls –incurring these legal pitfalls can prove deadly to your family business, so here’s how to fix them: Mixing family & business finances. Unfortunately, we live in a litigious society, so as soon as your family business is up […]
Read MoreIf you operate a family-owned business, or are considering starting one up, there are four potentially lethal legal mistakes you should take care to avoid, including: No employment agreements. Family members who work together are usually hesitant to confront one another if someone isn’t pulling their weight. Having an employment agreement for everyone ensures that […]
Read MoreYour ideas aren’t worth anything if you don’t get them out there into the world. I come across a lot of entrepreneurs who are afraid that if they talk about their idea, it’ll get stolen and so they keep it under wraps and don’t capitalize on it. Here are three legal tools you can use […]
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