Category Archives: Succession Planning

How a good business plan can keep your money in your pocket (and out of your lawyer’s…)

Business plans are tedious, time-consuming, and ever-evolving. And sadly, they are rarely read…even by the creator. When we meet with a new client, no matter what the reason for their visit, we will ask if they have a business plan. More often than we'd like to mention, we are met with puzzled looks and dismissive answers. Basically – 'what does that have to do with anything? I'm in here for x, y, or z lawsuit.' Well, here's the...

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The Business Divorce – Who Gets the Kids?

Just like a newlywed couple, you and your business partners never go into a venture expecting it will end. Instead, the business starts with excitement and dreams of success. Sure, the statistics say you're likely to fail, but that won't ever happen to you, right? Here's the problem – it does happen. And it happens a lot... More importantly, in a business divorce, it may not even happen because the business failed. In fact, sometimes it happens because...

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