For the love of your business

Articles to LIFT Your Life and Business

What the Fiscal Cliff Tax Deal Means for Small Business

Congress passed the American Taxpayer Relief Act – aka, the fiscal cliff tax deal – in the wee hours of January 1, 2013, and President Obama is expected to sign the new legislation as soon as possible.   After the dust from the deal-making settled, the bill contains a mixed bag of both good and bad […]

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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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The 4 Deadly Legal Mistakes Small Business Owners Need to Avoid

Small businesses dominate the American business landscape, but those that survive several generations are relatively rare.  If you are a small business owner, you need to be sure you are not committing any of these four deadly legal mistakes: Mixing personal and business finances. If your small business started as a hobby or a side […]

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How to Ensure Your Business Goes on Without You

If you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die.  So if you don’t have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in […]

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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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How to Evaluate a Buyer for Your Small Business

Selling your business should be approached with the same attention to detail as when you started your business. There is nothing worse than wasting weeks of your time on a deal that will never go through because the buyer is not serious or does not have the cash to buy your business. Spend a little […]

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How to Prepare for the Sale of Your Small Business

If you’ve made the decision to sell your small business, there are a number of things you will need to do in addition to consulting with a Creative Business Lawyer® to ensure the process goes smoothly: Set a realistic price.  Coming up with a realistic price for your business will entail some research.  Look at […]

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The Pros and Cons of Sole Proprietorships, LLCs and Corporations

Starting your own business?  One of the first things you will need to do is to decide what type of business entity is best for you.  There are pros and cons to each and it is advisable to consult with a Creative Business Lawyer® before you make your decision: Sole Proprietorship – nearly three-quarters of […]

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Retirement Plan Options for Small Business Owners

Creating an estate plan for your business is just as important as developing one for your personal assets.  Part of estate/succession planning for business is planning for the day you eventually retire and hand the reins of the business over to someone else, either through succession, inheritance or sale. Most small business owners want a […]

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