How to Get Your Small Business Ready for a Profitable Sale

When you started out in business, you probably didn’t think much about eventually selling your company. However, statistics show that 80% of a small business owner’s net worth is tied up in their company. Therefore, preparing your small business for a profitable...

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...

Transfer Business Ownership Using Estate Planning Strategies

Planning to transfer business ownership or liquidate your business when you are ready to retire or when you die is as important as the planning you did when you established your small business. Here are some tips on how to use estate planning strategies to transfer...

Your Family Business – Avoiding These 4 Lethal Legal Mistakes

If you run a family business, or are considering starting one, there are four potentially lethal legal mistakes you should avoid, including: Mixing family and business finances. Many family businesses start with loans or seed money from various members, and as the...

Top 10 Employer Mistakes Most Likely to Get You Sued

An article recently posted on the discussed ten employer mistakes that are most likely to get you sued; these include: Classifying all employees as exempt, whether or not they are. Allowing non-exempt employees to work during their lunch breaks. Classifying employees...

Limited Liability Company LLC Biennial Statement of Information

Every California limited liability company (LLC) and foreign LLCs registered in California must file a statement of information with the Secretary of State within 90 days of filing its original articles of organization or application for registration, and biennially...

Business End of Year – Annual Meetings

As the end of year arrives, it is important that small business owners review the things that did and did not work during the previous twelve months and adjust their plans for the next year accordingly. One of the best ways to accomplish this is by holding annual...