For the love of your business

Articles to LIFT Your Life and Business

The Benefits of a Business Succession Plan

When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may  not be finished if you own a business. Succession planning for business owners is at least as important as personal estate planning, maybe even more so because you have a […]

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What Will Happen to Your Family Business When You Die?

Maybe you have dreamed of leaving the business you have built to your heirs, but if you do not have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, that dream may not be realized. Any number of factors can work against your dreams if you […]

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10 Essential Questions to Ask Before Selecting a Business Entity

If you are starting a new company or have an unincorporated entity that has grown to the point where protection of your personal assets may be desired, the selection of the proper business entity can be critical to the future success of your business. There are 10 essential questions you need to ask as part […]

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6 Considerations for Business Entity Selection

One of the most impactful decisions business owners will make is their selection of business entity – sole proprietorship, partnership, limited liability company (LLC) or corporation – for their company. This decision has important tax, legal and operational implications, so choosing the right entity is vital. Business owners have several choices when it comes to […]

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Succession Planning for the Family Business

We know that building a thriving family business takes a lot of hard work, and to ensure the business continues to thrive, it takes foresight and planning. When business owners are preparing to transition the business to the next generation of leadership, it is critical to have a well-considered succession plan to guide them. To […]

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Preparing Your Company for an Eventual (and Profitable) Sale

If you are a small business owner, chances are that most of your personal net worth is tied up in your business.  So even if selling your company is not on your radar anytime soon, there will come a day you will want to cash out and sell it at the best possible price. Even […]

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Asset Protection Strategies for Female Business Owners

Female-owned businesses are one of the fastest growing sectors of the U.S. economy, with the number of women-owned businesses doubling over the past 17 years, according to a recent Forbes article. Many women who run their own companies often do double-duty as CEOs of their families as well. The tendency for many is to leave […]

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How to Properly Structure a Founder’s Agreement for Your New Venture

How to Properly Structure a Founder’s Agreement for Your New Venture We are a nation of entrepreneurs, but we are also living in a litigious society, so if you are starting a new venture and there are other founders involved, a founder’s agreement is essential to protecting your fledgling enterprise.  Here are some tips on […]

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Avoid These Four Common Legal Mistakes If You Own a Business

Whether you are just starting a new business or have been running a business for years, there are four common legal mistakes that both novice and seasoned entrepreneurs make that can have a significant impact on the future viability of your company: Co-mingling of business and personal finances.  You may have started your business as […]

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How to Protect Your Legacy With a Business Succession Plan

Our state is rich with families who have started businesses here and watched them thrive through the generations.  However, there are also many examples of family businesses that have failed to weather the changes in generational management and ceased to exist.  In many cases, this could have been avoided through careful business succession planning. A […]

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How to Raise the Next Generation of Business Owners

If you own a small business, there is probably at least some part of you hoping to pass the reins on to one or more of your children.  After all, spending so much time and effort on something that’s not going to last doesn’t sit well with most entrepreneurs. It may be difficult to look […]

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