For the love of your business

Articles to LIFT Your Life and Business

7 Myths About Choosing a Business Entity

New business owners must weigh the pros and cons of the choices they make when it comes to choosing the right business entity for a new enterprise; Entrepreneur recently posted 7 myths that could get in the way of selecting the best business entity: An LLC saves taxes.  The Limited Liability Company (LLC) is designed […]

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Starting a Business? Plan for Your Own Success

According to the Kauffman Index of Entrepreneurial Activity, approximately 300 of every 100,000 U.S. adults started a business in 2012.   The Index found that over 514,000 new firms were started every month in 2012 – but how many will succeed? Of course, in business –as in life – there are no guarantees.  According to the […]

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When Do You Need to Be Considering Your Business Agreements?

If you are running your own business and not looking at agreements regularly, it’s likely you are overlooking an important piece of your business and taking unnecessary risks.  The truth is that you do not need to have written agreements to have a valid agreement, but it sure does help when there is a dispute […]

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Protecting Your Business From Personal Legal Liabilities

Most small business owners are aware of the importance of protecting their personal assets from business liabilities.  However, the reverse is just as necessary – protecting your business assets from personal legal troubles. For example, if you are at fault in a serious auto accident that injures someone and you own a business, the assets […]

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A Legal Checklist for Starting Your Own Business

Whether you are already a small business owner or the entrepreneurial spirit has grabbed you by the collar and you plan to get your startup off the ground this year, there are certain legal aspects to operating a small business that you just can’t ignore (and we know you want to). Ignoring the legalities of […]

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Small Business Tax Reform Proposal Contains Drastic Changes

Representative Dave Camp (R-MI), the chairman of the House Ways and Means Committee and one of Congress’ top tax lawmakers, has released his proposal for small business tax reform and it contains a number of drastic changes to the current code. A Forbes article takes an in-depth look at the proposal: Section 179 Expenses.  Permanently […]

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10 Legal Tips for Starting Your Own Business

Whether the result of the recent recession or the desire by baby boomers to embark on a new professional path, new business startups are growing fast.  Here are 10 legal tips for entrepreneurs who are striking out on their own for the first time: Choose the right entity.  Decide if you will be operating your […]

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Asset Protection for the Small Business Owner

According to the U.S. Small Business Association, small businesses create almost two of every three jobs in the U.S. every year, and half of working Americans are either owners or employees of a small business. The SBA advises entrepreneurs to seek counsel while in the initial phases of getting a business off the ground.  As […]

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How to Use Estate Planning Strategies to Transfer Business Interests

Planning for the transfer or liquidation of your business when you are ready to retire or when you die is just as important as the planning you did in starting up your small business.  Here are some tips from a Creative Business Lawyer™ on how to use estate planning strategies to transfer your business interests: […]

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Why Estate Planning Matters for Small Business Owners

If you’re a small business owner, you undoubtedly spend countless hours juggling bills and balancing your books, not to mention all those extra hours you spend worrying about the future of the little business venture that grew and grew during the “good old days” before the recession that slammed small businesses. In fact, you’ve been […]

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How to Choose the Right Ownership Structure for Your Business

Many Americans are starting their own businesses these days, and may be confused about exactly what the best ownership structure is for their business.  The answer is, it depends on the type of business, how many owners are involved, and the financial situation for each owner. Here are some considerations when deciding which structure to […]

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