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Asset Protection for Small Business Owners

According to the U.S. Small Business Association, small businesses create almost two-thirds of all jobs in the U.S. each year, and half of all working Americans are either owners or employees of a small business.

The SBA advises entrepreneurs to seek counsel while in the initial phases of getting a business started. As a startup or small business owner, you are subject to the same laws and regulation as a large multi-million corporation, so it helps to have a trusted business attorney by your side as you begin your new venture to provide experienced legal advice on:

  • Articles of Incorporation
  • Bylaws
  • Limited Liability Company (LLC) Operating agreements
  • Partnership agreements
  • Operations Manuals

Failure to plan — especially for startups or small business owners — can have disastrous consequences for both your business and family. If you have chosen to begin a small business, especially during these difficult economic conditions, remember that going from being an employee to being “your own boss” brings with it many changes, not the least of which are changes in your estate plan.

Small business owners tend to be less liquid than traditional employees, putting much of their earnings back into the business for growth, which means estate planning for business owners requires a different strategy than for other families. A trusted business attorney can help you develop strategies for protecting your business and your family for the long-term.

If you’re a small or mid-size family business owner, call us today or CLICK HERE to schedule a consultation with our business attorney. Our office is conveniently located in Modesto, California and services clients throughout the Central Valley and Bay Area, including Stockton, Merced, Santa Clara, San Jose, Oakland, Pleasanton, Tracy, and Manteca.

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