High Risk Professionals Need an Estate Plan

By |2022-06-16T02:42:25-05:00April 29th, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

Everyone is open to potential lawsuits, but licensed professionals and business owners are even more at risk. Doctors, dentists, veterinarians, small business owners, and even attorneys themselves, have a higher risk of being sued and need more extensive estate planning to protect all they’ve worked for. So while it’s important for everyone to have an [...]

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Challenging Scenarios a Buy-Sell Agreement Prevents

By |2022-06-16T02:43:54-05:00April 22nd, 2022|Blog, Business Law, Business Structure, Employment Law, Estate Planning, Estate Planning, Small Business, Tips|

A buy-sell agreement prevents things from becoming complicated when a co-owner of a business leaves and shouldn’t only cover planned exits. There are many scenarios in which things can go south between owners or an emergency arises. Numerous disasters can arise on the back end of a business partner leaving the business. Here are a [...]

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Four Reasons Your Business Needs a Buy-Sell Agreement

By |2022-06-16T02:49:55-05:00April 1st, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

No matter what the set up of the ownership of the business is, at some point it’s inevitable that an owner will leave. Retiring, changing careers, emergencies, or death, are all events to be prepared for. Having a plan ahead of time will keep operations running smoothly and keep every shareholder protected. A buy-sell agreement [...]

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Protecting Your Business with a Buy-Sell Agreement

By |2022-03-02T21:51:36-06:00March 18th, 2022|Blog, Business Structure, Employment Law, Estate Planning, Estate Planning, Small Business, Tips|

If a business has multiple owners, eventually a change in ownership will need to happen. An owner will retire or move on for another reason. Don’t forget that emergencies can also happen. Changing ownership doesn’t need to be complicated. Planning ahead will help dispel disaster when the time comes for a transition. The plan [...]

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When to Update Your Succession Plan

By |2022-02-10T20:23:57-06:00March 11th, 2022|Blog, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

Updating your business succession plan should be a regular part of managing your business. We previously wrote about common succession planning mistakes that are made and one of the biggest mistakes that needs to be highlighted is not updating your succession plan regularly. Like your estate plan, your business succession plan is not set [...]

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Mistakes to Avoid When Business Succession Planning

By |2022-02-10T17:34:51-06:00March 4th, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

As a business owner, you probably feel that your business is your baby. Business succession planning always seems so far off. It’s hard to think about what may happen to your business when you’re no longer able to run it. To ensure your business will keep running once you leave it, or to get [...]

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Success of Your Business Often Depends on Your Exit Strategy

By |2021-01-28T21:10:03-06:00April 3rd, 2017|Business Law, Business Structure|

Recently, I received a phone call from a good friend of mine, telling me that he is going through a divorce. Although he was expecting an amicable split of his liquid assets and share custody of his minor children, he could not say the same about his business ownership. My client’s divorce is now at risk [...]

How to Facilitate a Buy-Sell Agreement

By |2021-01-28T21:12:47-06:00September 15th, 2016|Blog, Business Structure|

Businesses usually start with best intentions and under the best of circumstances. However, down the road many life events and business challenges occur that change business owners, their relationships, and goals. It’s essential, therefore, for most new businesses to begin with a discussion of a buy-sell agreement. A typical buy-sell agreement functions in the same [...]

Three Action Steps to Take to Mitigate Legal Risks This Year

By |2021-01-28T21:09:59-06:00January 8th, 2016|Blog, Business Law, Business Structure|

First of all, we would like to wish you a happy, healthy, and productive new year.  As 2016 quickly gets underway, I'm sure you've been thinking of ways to become more efficient and successful this year. Yet, this year promises to be challenging in many respects.  Many consumers will continue to struggle to get their [...]

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