Business · April 08, 2024

Starting or expanding a small business brings critical financial decisions, notably choosing between a business line of credit and a bank loan. Each option serves different needs: lines of credit offer flexibility and repeated access to funds, ideal for managing cash flow or unexpected expenses, but often come with higher interest rates. On the other hand, bank loans provide a lump sum with lower interest rates, suitable for significant, one-time investments but lack borrowing flexibility.

Business · March 22, 2024

Selecting your business successor is more than a choice—it's a future-defining moment. Ensure your legacy flourishes by steering clear of common yet critical mistakes in the process. It's not just about replicating your leadership style but finding someone with the right vision, adaptability, and ability to connect with your team. Dive deeper into how to make this pivotal decision without compromising your business's future. As your trusted LIFTed Business Advisor, let me guide you through a sea

Business · March 15, 2024

As tax season rolls in, it’s crucial for small business owners to navigate the complexities of tax filing with precision. This blog highlights three common tax mistakes to avoid: miscalculating payroll taxes, misclassifying employees as contractors, and improperly deducting personal expenses as business expenses. With detailed examples and solutions, including the importance of clear payment policies and maintaining separate financial accounts, it provides actionable advice to ensure compli

Business · February 12, 2024

Building a business is a journey filled with passion and dedication, mirroring the love you have for your family. But have you pondered the future of your enterprise and the well-being of your loved ones in your absence? Our latest blog delves into the essence of succession planning, a crucial step not just for the longevity of your business but as a profound gesture of care for your family. It outlines the necessity of a clear strategy to ensure smooth transitions, safeguarding your legacy and

Business · November 27, 2020

Your business is your masterpiece. You have spared no effort in making it a reality right from the beginning when it was just an idea. You have given sweat and tears to make it grow and thrive, sticking with it and braving the hardest times. While a business is practically immortal, we humans are not. Plus, the business environment has always been unpredictable, even more so during this time of the pandemic. How do you ensure your business lives on among and despite immense uncertainties?

Business · October 01, 2019

It is  important to develop a plan to retain your key employees during the transition period if you want your business to survive after you leave—whether your departure is because of retirement, illness, or death. Giving a stay bonus is one way that could persuade them to remain with your company, increasing the likelihood of its continued success. Read here to know the other reasons a stay bonus can help.

Estate Planning · September 20, 2019

Proactive measures to help stave off risks posed by the big wealth transfer is important to make sure your wealth is protected and put to the best use possible, regardless of how much or how little wealth you plan to pass on or stand to inherit. Having a comprehensive plan and openly discussing your values and legacy with your loved ones is another key way to ensure your planning strategies work exactly as you intended. Here are several important actions to take for wealth transfer.

Estate Planning · April 13, 2018

When it comes to taking care of your family and assets, you cannot afford to make easily avoided mistakes. Estate planning will ensure your family is taken care of, however you need to make sure you have the best plan, from creating advance medical directives to updating your plan frequently. Read here some of the common estate planning mistakes and how to avoid them.

Estate Planning · April 06, 2018

If you are a same-gender couple, you’re bound to face difficulties when it comes to parental rights. Same-gender couples do not automatically have parental rights on their children as do biological parents, there are many legal complications same-gender couples go through. With estate planning, many of the legal complications can be taken care of in a much easier way. Here are some methods to protect your parental rights if you are not a biological parent.

Estate Planning · March 30, 2018

Unlike your average lawyer, a Family Startup Lawyer™ is someone trained to focus on you, your business, and your family, and not someone who tells you the documents you need to put in place, quotes a fee, and never expects to see you again. The business of law is flawed, and we decided to change that by returning to the time-honored tradition of becoming your personal lawyer for life! Understand more in this article where we explain the difference.