A great idea is key to any successful business, but there is more to success than just that great idea. Your choice of business structure can also affect the business trajectory, especially if your plans include long-term growth. Limited liability company,...
Many people believe estate planning consists of drafting a will to protect their assets and distribute them after they die. While a will is a crucial document, a durable power of attorney may be just as or even more important to safeguard your hard-earned assets....
There’s a lot of work that goes into developing and guiding the growth of a company. Every stage of the process brings new challenges to overcome. If you are nearing the threshold of employing 50 or more people, there are a few federal laws and regulations that will...
When you are crafting your lease agreement to use for your commercial real estate, you have many important decisions to make. One is should you contractually forbid any type of subletting? Should you allow it only with your specific written permission? Or should your...
If you’re like most business owners, your ownership interest in your company is far and away one of the most valuable things you own. When you have multiple children or other beneficiaries, you may choose to leave them each a roughly equal portion of your estate,...
As a business owner, you manage many important duties to keep your business operating successfully. You face challenges in this effort and one common one is dealing with contract disputes – whether with a vendor, supplier or another business with which you have a...
For whatever reason, you and your partner have decided that it’s time to end your business partnership. You may be tempted to handle the dissolution informally to save time and money. Not so fast. There are some serious benefits for you and your partner achieved...
Many people dream of becoming an entrepreneur by starting their own business. Others see the alternative of buying an existing company to be a better approach. Given a track record to review, purchasing an existing company is typically a safer and faster route to...
No matter how you look at it, a divorce that involves a business makes settlement or trials much more complex. Add to this that sometimes people resort to tactics to harm the other spouse. If the business is made a party to the divorce proceedings, extra legal fees...
While some entrepreneurs may make a full career out of building up and operating their business, you may have other goals. You may want to pursue diverse business ideas. Or perhaps you are contemplating retirement. This may cause you to consider sale of your current...