Business Formations
5 Glossary Terms For Business Formation Law
Starting a company involves more than just a good idea. There are legal documents to file, structures to choose, and agreements to draft that will
February 26, 2026
Business Formations
Want to Start a Business? Consider Buying a Business Instead
Starting a business is fraught with challenges. However, buying a business is often better. It offers easier financing options, immediate cash flow, and established operations.
November 5, 2024
Asset Protection
Why Communities Want Small Businesses to Have a Succession Plan in 2024
Succession planning is elemental for small business owners, much like estate planning is for anyone with assets. Owners should have a plan ahead of retirement if they become incapacitated or pass away unexpectedly.
May 20, 2024
Business Formations
How Should I Plan to Sell My Business?
According to the Exit Planning Institute of Ohio, recent studies show that over 60% of the current U.S. business market is owned by baby boomers (those born between 1946 and 1964), who are ready to exit or transition their business over the next 10 years.
February 9, 2022
Asset Protection
What Can We Learn from Painter Bob Ross’ Business Succession and Estate Planning?
The new, buzzy Netflix documentary on the late, beloved, iconic public broadcasting TV host, painter Bob Ross—“Bob Ross: Happy Accidents, Betrayal and Greed”—documents how the artist’s son, Steve, now 55, was allegedly robbed of his late father’s inheritance by the artist’s business partners.
December 15, 2021
Business Formations
What Should Small Business Owners Know about Estate Planning?
Small business owners have their hands overflowing with issues, and they devote most of their time to matters related to the smooth running of the business. Having no time to think about other matters, they do not bother about estate planning for them.
November 10, 2021
Asset Protection
You Need a Buy-Sell Agreement for Your Business
What happens at your company when a shareholder dies or becomes disabled, or wants to leave? These are just two of the potential scenarios that can be properly addressed with a buy-sell agreement.
October 19, 2021
Business Formations
Business Succession Planning For The Family
If you plan to pass your business to your offspring, there is more to keep in mind when creating your succession plan than your descendants—there are also their spouses—especially if they become ex-spouses.
May 10, 2021
Asset Protection
What Is Family Business Succession Planning?
Studies have shown that the number of family businesses owned by second generations and third generations dramatically decline for a number of reasons. One large reason is the lack of business succession planning for the family business.
April 12, 2021
Asset Protection
Can You Answer Key Retirement Questions?
You’re closing in on retirement, but you’re not there yet. Are you on track?
February 19, 2021