Business Briefs
Succession Planning
Every business and investment in a business eventually comes to an end, whether by sale, death, or dissolution. With this in mind, business succession planning needs to include estate, retirement, and tax planning. Making plans early, that can usually be adjusted, can...
Protecting Your Business from a Co-Owner’s Divorce
Most states employ the concept of marital vs non-marital property or community property to determine a spouse’s entitlement to the other’s business in a divorce. You or your co-owners, partners, investors, and other stakeholders should consider some protection to...
Avoiding Customer Non-Payment
If your customers receive your products or services before you are paid in full, you are issuing credit. While this can be a boost for sales, it can be a bust for profits if there are collection expenses and losses. Some of the steps you can take to address issuing...
Lawsuit Prevention Strategies for Businesses
Businesses of all sizes and in all industries face potential lawsuits. These legal disputes can require significant money, time, and effort and can damage a company’s reputation, regardless of the case’s merits or outcome. The following are methods that businesses can...
Estate Planning with Crypto Assets
As digital assets like cryptocurrencies and NFTs become more widely accepted your estate plan should be updated to incorporate these assets into your estate and address their transfer. These assets have little tangible evidence of ownership, being held in online...
Residential Buyer’s Broker
A recent court settlement disrupted the prior practice of residential real estate brokers automatically splitting the seller’s commission with the cooperating or buyer’s broker. As a result, residential real estate buyers need to negotiate a fee with the broker that...
Business Insurance
Protecting your business is a full-time job. One method of protection is to acquire insurance. Listed below are the typical types of business insurance: General Liability Insurance. Your business’s safety net against unexpected mishaps and third-party claims. Property...
Personal and Family Asset Protection
Despite how careful you are, accidents and other problems can arise, including those caused by third parties, that put your personal and family’s savings and assets at risk. While you cannot absolutely protect all of your assets from the claims of creditors, even by...
Business Scam Protections
No business is safe from an array of business scams including phishing, email compromises, vendor or customer impersonations, and misdirection of payments. Email is the most frequent method used and employees are often the weak link in your protection. Knowledge,...
Asset Protection for Small Business Owners
If you own or operate a business, a constant concern is insulating your personal and family assets from claims and liabilities that may arise from your business. While it is not always possible to create a complete barrier to keep business creditors from seizing your...
