Posts tagged with "family business"



Business · August 20, 2019
Good record keeping is not only important to help you monitor your business' details and progress, but it is also essential to protect you and your business from penalties, fines, and other legal actions. Read here to know some of the records your business may be legally required to keep. Consult with us if you have questions or if you need help navigating the maze of record-keeping requirements under local, state, or federal law.
Business · January 21, 2019
Staying in control is the key to good governance and here are 4 key practices to help you. Practicing good governance of the LLC helps make the intent and purpose of the LLC clear to its members and to outside parties. These practices will help you in conflict by providing a clear picture of what you intended for the LLC. Read here on how to practice good governance.
Business · November 09, 2018
One of the most important steps when starting your business is deciding what you will name it. Choosing a name takes a lot of work and research because you want to make sure you have a unique name. It is also important to make sure your business is easily found online and not confused with others. Here are some more important points regarding the name of your business.
Business · October 26, 2018
There are many things you are thinking about when starting your new business and it can all easily get overwhelming. One of the biggest questions you ask yourself might be whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S corp). We have summarized the similarities and differences between both here for you so you can have a better understanding before making this important decision.
Business · October 19, 2018
Closing down your business for any reason requires steps that must be taken before you move on. It is important that you do this process the right way so that you are not facing any difficulties in the future and are not personally liable for anything. Here are some of the most important steps you must take during the process of closing down your business.
Estate Planning · September 28, 2018
Having a trust isn’t enough, you need to make sure it is the right trust that will work for your loved ones. This trust is going to be a major player in their lives after your death and if you don’t create it in a way that will help them, it will create more stress for them. To make it easier and more efficient for your loved ones, you will need to make sure you have your trust set up the right way.
Estate Planning · September 07, 2018
A lot of times, people hide their Wills or estate planning docs in secret locations where they'll likely never be found after their death. Or they'll put their Will in the care of unreliable caretakers, whom may forget they even have the documents and never truly know when is the right time to present it to the family after your death. Consider this illuminating case that winded its way through the NY court system and provides a cautionary tale about safeguarding your documents.
Estate Planning · August 31, 2018
The lack of estate planning has lead Aretha Franklin’s family to lengthy court battles, major expenses and great amount of stress. Although a will would have been helpful, even a will could not have saved Aretha Franklin’s family from going to court, because of the size of her estate. Regardless of your financial status, planning for incapacity or your eventual death is something that you should immediately address, especially if you have children. Here's what Aretha Franklin’s death taught us.
Estate Planning · August 24, 2018
Talking to your children about money is a very important task and should be done in different stages. This conversation doesn’t happen all at once in one day, in fact you will need to consider their age before talking about family wealth and how it plays a role in their life. Here is how you should approach each stage when having “the money talk” with your children.
Business · May 04, 2018
GDPR is the reason why you are receiving emails for privacy policy updates from companies all of sudden. Why are all companies updating their privacy policies to comply with the EU law? The reason is simple, and makes complete sense since most companies have international customers. Even though you might not be living in the EU, their laws certainly impact your business. Read here what GDPR actually is and why you should be aware of the changes happening outside of the United States.

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