If you want your business to survive after you leave—whether your departure is because of retirement, illness, or death—it is important to develop a plan to retain your key employees during the transition period. A stay bonus is an incentive that could persuade them to remain with your company, increasing the likelihood of its continued success. Read here to know how a stay bonus can help.
As a small business owner, it is important for you to meet critical deadlines to avoid fines, notices, or worse, closure of your business. We suggest setting up a compliance calendar helps you stay on top of critically important dates. Here are some of the most critical deadlines you may need to meet in the next few months. Consult an experienced lawyer like us if you have questions about deadlines applicable to your business.
You've invested a lot in making your business a success, and it is hard to think about relinquishing ownership or control of it. That's why planning is critical in creating a lasting legacy for your family and it is important to put advance plans in place for passing down a family business, or risk losing it. Read here to know several factors you should keep in mind in making plans for the future of your small business.
Prenuptial agreements have their benefits and drawbacks depending on how you view it. With the average age of marriage increasing, so is the number of prenups. Many more couples are considering to make prenuptial agreements part of their wedding ceremony. Read the pros and cons here as well as how to best handle the situation.
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.
Having a Trust for your children will certainly help them in the future, but only if you have the right plan set up for that Trust. In order to help your family from losing all their inheritance from mistakes or bad decisions, you have to make sure you leave them with right trust. Placing inheritance in a trust will protect your family from any threat that could come from irresponsible behavior or external risk. Read here how inheritance in a trust works.