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You've poured your effort and dedication into building your business. However, what happens to it when you're no longer around? Most people equate estate planning with houses and inheritances, but it can be a crucial process for business owners, too. Estate planning...
You love your children, and you want your legacy to speak for you even after you’re gone. You have no worries about your children’s capacity to handle the assets you’re leaving behind wisely. Building generational wealth is an admirable idea, but you need to be...
As an aspiring business owner, the first thing you must do is decide what structure your business will have. Each structure comes with its own unique benefits and potential downsides. You must consider each carefully as you make your decision. An LLC is one of the...
As a business owner, one of the first things you must focus on is how you intend to pass down your business. Your succession plan should be one of the first things you write. After all, no one knows when they will need or want to leave their business. What are your...
Contracts are at the heart of every business transaction, from hiring a cleaning company to acquiring a competing business. While some of the terms are obvious, the benefits of other clauses may be dubious. Arbitration clauses have the potential to be either good or...
Business succession planning is the process of figuring out what will happen with your business when you can no longer run it yourself. It can be part of your retirement or estate planning, depending on when you feel you will stop working. SCORE explains that you want...
We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...