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…
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…
If you are a doctor, lawyer, accountant, or other licensed professional with your own business practice in California, you are certainly aware of the many rules and regulations you must follow to assure the success of your business. However, what you may not be aware of, is that without proper planning, your successful business may…
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…
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…
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:…
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…
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…
There is simply no reason for anyone to delay in implementing these five estate planning essentials: 1. Will Look around you right now. Everything you see has to be distributed in the event of your death. Your Will names the person you want to handle it all and can also indicate who you want to…
Estate planning rarely comes up in the course of regular conversation and if it does, it is usually involves what has happened to a celebrity’s fortune after his or her death. The distance is safe, so the conversation can take place. But what if you need to discuss estate planning with a loved one –…
If you’re a small business owner, you undoubtedly spend countless hours juggling bills and balancing your books, not to mention all those extra hours you spend worrying about the future of the little business venture that grew and grew during the “good old days” before the recession that slammed small businesses. In fact, you’ve been…
One of my favorite books is the “Celestine Prophecy.” One of the books my dad told me to read. Much of what I liked about it was the idea that everything is connected to everything else, and that we don’t have to settle in life for coincidences. I bring this up because in the past…
We are fairly certain the last thing your 18-year-old kid is thinking about is an estate plan. And you are probably not thinking about one for them either, but you should be. Here’s why: once your child turns 18, you are no longer entitled to know about their medical records or make decisions about their…
When it comes to retirement plans, IRAs and 401(k)s provide many of the same benefits. But in certain situations, an IRA can outperform a 401(k). IRAs aren’t right for everyone, so you should become familiar with the advantages IRAs have over 401(k)s before you transfer funds or set up a new account. To help you…
Have you thought about if your business is meeting the compliance requirements? The end of the year is coming up sooner than you think, have you thought about if your business is meeting the compliance requirements? Do you know what corporate formalities you must maintain for your business? Well, you have come to the right…
How to protect yourself from costly surprises and unwelcome litigation Leasing commercial property brings a whole range of considerations that never muddy the waters when you’re renting to residential tenants. For a start, the stakes are much higher and the amount of expense you can incur from an unreliable tenant can be astronomical. Knowing your…
If your pet is beloved as a family member, you likely want to ensure that he or she will be well cared for in the event of your incapacity or death. Without explicitly stated wishes, these furry family members could end up without a home of their own, if you die or become unable to…
Donald Trump has proposed a radical tax reform agenda for his presidency. Part of this reform is his intention to repeal the estate tax. For some people, this will be a considerable change with significant repercussions. But, because more changes to the tax code are anticipated, high-net-worth families should consider what this change could mean…
I was at a sushi restaurant the other night. It was crowded, and I was only there because I wanted traffic to die down before I began a long drive home. So I sat at the bar and just ordered some food. As I was waiting for my order, a guy walks up to the…
A friend recommended that my wife and I watch “Manchester by the Sea” so, of course, it somewhat took an act of God to find night coverage for Jiya, finally slip out of the house, and go watch a movie. That alone was memorable, sadly enough. But the movie stung hard, and really hit…
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