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Business Conflict: Tips for Settling Business Disputes Part 1

A large part of being a successful business owner is knowing how to make deals and facilitate conflict when it arises. When in a dispute over a deal or an agreement that has been made, the potential costs are endless. The potential cost of litigation, the potential cost of loss of reputation, the potential cost…

The Surprising Secret to Keeping Good Records in Your Small Business

Keeping good records relieves stress and makes running your business easier and more enjoyable. But it may not look like what you think if you’ve run your business by saving receipts all year long and then trying to handle your bookkeeping all at once at tax time. First and foremost, don’t handle your bookkeeping yourself….

When Duty Calls: Navigating the Sandwich Generation with Ease

The average age of parents raising children in the US continues to rise, leaving many middle-aged Americans in a category commonly referred to as the “sandwich” generation. This growing population of professionals are often still raising kids at home when they become responsible for the care of their own aging parents. The stress and financial…

Why Everyone Needs an Agent

Everyone needs an agent – and not the Hollywood type. An agent is someone you designate to handle your estate after you’ve gone or who can make decisions for you if you cannot make them for yourself. Here are the kinds of agents everyone needs: Executor – an executor is the person you designate to carry…

The Perfect Solution for Choosing Your Child’s Guardian

If you have minor children and have not yet selected a guardian, you are not unlike many parents who put off this critically important task while waiting for the perfect solution to present itself. Or perhaps you and your spouse/partner cannot agree on who would be the ideal guardian for your kids. Here is your…

“See you in the Umbra!”

If you have a few minutes to kill, try doing this: Log onto Expedia.com, Hotels.com, Travelocity, Kayak, Priceline, or any of these related search engines. Search for a 1-night stay in a room on August 20, 2017 in one of the following cities: Madras, Oregon Idaho Falls, Idaho Casper, Wyoming Atchison, Kansas Carbondale, Illinois Gladstone,…

How To Protect Your Intellectual Property

Protect your ideas. Protect your investment. Intellectual Property (IP): a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc. While IP has been a concern for many years now, the pace…

What You Can Learn From the Estate Planning Mistakes of Others

There is much to be learned from the mistakes of others and the celebrity world abounds with cautionary tales when it comes to estate planning. Even with all the financial resources available to them, celebrities can neglect the basics when it comes to protecting assets. We come across sad tales all the time of “regular”…

Is Your Small Business Being Audited? Stay Calm and Read On

Audits can happen to any business. Small businesses are no exception. The IRS can conduct an audit on your business when your tax filing contains questionable deductions, your business is of particular interest to the IRS or by random selection. Contrary to popular belief, being audited doesn’t necessarily mean you did anything wrong. And for…

What are Initial Coin Offerings?

How to Raise Seed Capital as a Crypto Start-up An Initial Coin Offering (ICO) is the means by which cryptocurrency start-ups raise their seed capital. The process is unregulated and avoids both the scrutiny and accountability demanded by banks and venture capitalists. Backers purchase the new cryptocurrency for cash or Bitcoin at an introductory rate,…

“If You Had to Pick Just One Place….”

Ready for a tough question? Here it is: which one place on all of Earth symbolizes all of human life? Think hard.  I bet you’re not thinking of what I’m thinking. If you had to pick one place that captured all of life’s essence, all of life’s greatest moments, which place would it be?Which one place…

Understanding Mergers & Acquisitions (M&A)

Grow your business through mergers & acquisitions So, why Merge or Acquire? All mergers and acquisitions have a common goal: to create synergy that helps their business values grow and be greater than the two companies working individually. Now synergy takes the form of revenue enhancement and cost savings. By merging or acquiring, you would…

“Indian Mythology & Mother’s Day”

So, I’ve learned that one of the advantages of having kids is finally being able to rely on them. My first experience with this new phenomenon came yesterday when I came home from work. To my surprise, this is what was sitting on the dining table! Cards. Flowers. Sweets. Handmade offerings. All for my wife on Mother’s…

Know How To Protect Your Business Name

So, you’ve started a business and you’re starting to get some great traction. Now is the perfect time to start protecting your business name. Why is it important? Your business name is valuable and a lot of purchasing decisions are based on reputations and brand representation. It is important to understand and protect it to…

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:…

For Estate Planning, There is No Fix –It-And-Forget-It

It’s hard to believe that people who spend a lifetime working hard to accumulate wealth spend little or no time planning for what will happen to it after they pass, especially if children are in the picture.  Yet a recent Consumer Reports survey tells us that 86% of people have not reviewed or updated our estate documents…

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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