Business Law

Business Succession: Plan Who will Run Your Business When You Can’t

July 21, 2014 by

For many small business owners, their business is their largest asset. Therefore, they need a business succession plan to control what will happen to their business when they can't run it.

What, Me Worry? Approach

One planning option, which ...

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Published in Business Law

Selling a Business – Small Business Succession Planning

October 9, 2013 by

Most small business owners are proud of the companies they built with their blood, sweat, and tears. Many feel satisfied about what they have accomplished through hard work, determination, and innovation. As they grow older, they might envision handing ...

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Published in Business Law

Family Business: Are Your Children Part of the Succession Plan?

October 2, 2013 by

Many small business owners believe their children will continue the family business. Unfortunately, that is not always the case. Let's revisit the scenario of Bob and Beth mentioned in a previous article. Their daughter worked in the business all ...

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Published in Business Law

Family Business Succession Planning: Do you have an Exit Strategy?

September 25, 2013 by

Small businesses in the U.S. totaled 27.9 million in 2010, according to the U.S. Census Bureau. Many small business owners believe their family owned businesses will somehow continue without interruption regardless of what happens to them, even when they ...

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Published in Business Law