Succession Planning for Business Owners

By |2022-11-17T17:03:48-06:00October 14th, 2022|Blog, Business Law, Business Structure, Estate Planning, Small Business, Tips|

Opening your own business may have been your dream, but sometimes all that comes along with running the business can be overwhelming. With all your hard work, thinking about exiting your business usually isn't in the forefront of your mind. Succession planning for business owners can seem daunting, but you've worked so hard to [...]

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The Challenges of Owning a Business

By |2022-11-17T17:05:49-06:00October 7th, 2022|Blog, Small Business|

The challenges of owning a business are what keep many from even reaching for their dreams. Add in a worsening economy and rising inflation and the challenges of owning a business become even greater. Starting a business isn't always easy to begin with, but if you do successfully open your business, how do you [...]

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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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Tips for How to Sell Your Business

By |2022-06-16T02:48:45-05:00April 8th, 2022|Blog, Business Law, Business Structure, Estate Planning, Estate Planning, Small Business|

All of your hard work building your business may someday lead to the question- how do I sell my business? Maybe you’re nowhere near thinking about exiting from your business, but planning ahead and knowing your options for selling your business only gives you more time to make sure you get what you’re worth. Whether [...]

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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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How Do I Include My LLC in My Estate Plan?

By |2022-03-03T17:18:15-06:00March 25th, 2022|Blog, Business Structure, Estate Planning, Estate Planning, Small Business, Tips|

You’re always looking for ways to make your business better, but are you making sure your business is also protected? If your business has been established as an LLC, or Limited Liability Company, there are ways to transfer your assets to the next generation through your estate plan. Here’s how to include your LLC [...]

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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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