For the love of your business

Articles to LIFT Your Life and Business

Protecting Your Company From Patent Trolls

The term “patent troll” has entered the corporate vernacular thanks in large part to the ongoing “smartphone patent wars” as well as the increasing number of companies that have begun to take a stand in fighting the malicious behavior of entities that exist solely for filing frivolous patent litigation. According to a White House report […]

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How to Protect Your Intellectual Property

Beyond the products or services you offer, your company has intellectual property that needs to be rigorously protected.  Too often, business owners and entrepreneurs neglect to put the proper safeguards in place, which can lead to big legal expenses down the road. Here are 6 costly IP mistakes you need to avoid to protect your […]

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Why Every Business Owner Needs an Estate Plan

Most business owners build a business with an endgame in mind: either cashing it out or passing it on.  Whatever your scenario is for what happens to your business when you retire or die, it is not likely to happen without a comprehensive plan that aligns your personal and business objectives. If you plan to […]

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If You Build It, You Best Protect It

Consider all the time you have spent or will spend building your business – and then consider how much energy you have spent on how to protect it or protect your family from it. Unfortunately, many small business owners don’t give much thought to asset protection until it’s too late – when a suit is […]

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10 Legal Myths That Could Endanger Your Business

Inc. magazine recently wrote an article that made me realize many business people are flying blind about the legal parts of business.  These are all places you could get in trouble, if you aren’t awake, aware and doing business with your eyes wide open. Personal assets are protected by the right business entity.  Choosing a […]

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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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Common Defenses for Breach of Contract

One of the most common business disputes involves a breach of contract, where lawsuits are filed because one party believes another party has failed to deliver on the terms of a written –or sometimes oral – contract.  If your business is ever involved in a breach of contract suit, you need to be aware of […]

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What to Do If a Customer Files Bankruptcy

It’s been said that into every life a little rain must fall, and for small business owners, that shower (or storm) can come in the form of a customer or client’s bankruptcy.  Here are some tips on what you need to do to improve your odds of getting paid: Stop contact.  Bankruptcy law prohibits creditors […]

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Don’t Bet the Family Business on No Estate Plan

Being the owner of a family business can complicate your personal estate planning, since no doubt much of the wealth you want to pass on to your heirs is tied up in the business.  Being able to do so in a tax-advantaged way – and in a way that won’t cause a family feud – […]

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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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Tips to Avoid Age Discrimination Claims in Business Succession Planning

As the U.S. population ages, so does its workforce.  According to the U.S. Dept. of Labor, one-third of the American workforce will be over the age of 55 in just three years.  As a small business owner, chances are you have plans to retire some day.  If you are not planning to sell the business […]

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