For the love of your business
For the love of your business
If you are planning to sell your company now or sometime in the future, a recent Forbes.com article advises that there are 3 strategies you should use to get as much cash out of your hard work in building the business as possible: Pre-sale planning. Look for opportunities to increase the sale price of your […]
Read MoreMost business owners build a business with an endgame in mind: either cashing it out or passing it on. Whatever your scenario is for what happens to your business when you retire or die, it is not likely to happen without a comprehensive plan that aligns your personal and business objectives. If you plan to […]
Read MoreConsider all the time you have spent or will spend building your business – and then consider how much energy you have spent on how to protect it or protect your family from it. Unfortunately, many small business owners don’t give much thought to asset protection until it’s too late – when a suit is […]
Read MoreIf you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die. If you don’t have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, […]
Read MoreSocial consciousness at the corporate level has become an increasingly more important point of differentiation for many companies, and some companies today exist primarily to fill a social purpose. So what is the best business structure for these companies? There are several from which to choose: Benefit Corporations. Seven states, including California, allow for Benefit […]
Read MoreThe recent birth of Prince George Alexander Louis to Prince William and Kate Middleton gives the House of Windsor a living 4th generation heir to the throne. Prince George will undoubtedly need to wait for 60 or more years until he ascends to that throne, given the longevity that runs in his bloodline. His grandfather, […]
Read MoreInc. magazine recently wrote an article that made me realize many business people are flying blind about the legal parts of business. These are all places you could get in trouble, if you aren’t awake, aware and doing business with your eyes wide open. Personal assets are protected by the right business entity. Choosing a […]
Read MoreSavvy business owners know that there are few legal landmines they need to side-step when interviewing candidates for a job. Sometimes, though, even the best get caught with their proverbial foot in the mouth by asking a question that to them seems innocent enough but could land the company in legal hot water. Here are […]
Read MoreNew business owners must weigh the pros and cons of the choices they make when it comes to choosing the right business entity for a new enterprise; Entrepreneur recently posted 7 myths that could get in the way of selecting the best business entity: An LLC saves taxes. The Limited Liability Company (LLC) is designed […]
Read MoreDisciplining and/or firing an employee is one of the most dreaded tasks for CEOs and small business owners. Sometimes the trauma of termination can be just as bad for the boss as it is for the employee. But in this litigious society, bosses need to take extra care when disciplining or firing an employee to […]
Read MoreAccording to the Wall Street Journal, litigation over noncompete agreements has risen 61%in the past decade – a number that may be low considering most cases are settled out of court and not reported. Long considered the standard for senior management employment contracts, noncompetes are becoming increasingly common at all levels of employment as a […]
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