Legal Articles
Protection by Corporations and LLCs for Personal Services
I was recently told by an individual that they had formed an LLC to protect their assets from liabilities and lawsuits associated with the work they were doing through the [...]
Why your 18 year old needs a health care surrogate
Imagine, your child just turned 18 and they suffer an injury that requires surgery. They're still on your health insurance and they're still in high school, but you can't access [...]
How to determine the value of a business
There are numerous methods for determining the value of a business, however, as a general rule a business is valued at 2 to 4 times the business owners benefit based [...]
Financing the sale of your small business
When it comes time to sell your small business there are traditionally 4 methods of paying the sale price … cash, bank loan, private loan, seller loan. Often times, the [...]
Finding a buyer for your small business
You’re ready to sell your business, however, how do you find someone that will buy it … or buy it for what you think it’s worth? That will depend on [...]
The best time to sell your business
The goal of most small business owners is to create a business that they can sell to finance their retirement. Unfortunately, most small business owners are ill-prepared to sell their [...]
The purpose of a will
A will, also referred to as a last will and testament, are written instructions to the Probate Court advising how you want your asset and liabilities to be handled and [...]
Creating a sellable business; avoid the small business mindset
You’ve invested years of hard work and sacrifice into your business, but have you created a business that has value to someone else? Have you created a business that someone [...]
Why Startups Fail
While the numbers may vary depending on the source, the Small Business Administration (SBA) has determined that over 20% of startup businesses fail in the first year, over 40% fail [...]