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The Top Stressors of Business Ownership and How to Manage Them (Without Freaking Out)

Posted on February 1, 2018 at 2:05 AM Comments comments (1)


There are many reasons people decide to start their own business: to be your own boss, set your own hours, control the people and projects you work with. Yet the reality of business ownership isn’t quite as rosy—it’s one of the most stressful endeavors you’ll ever undertake.


While running your own company will inevitably have its maddening moments, some of t...

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What to Expect From (and How to Prepare For) an Initial Estate Planning Meeting With Your Family Business Lawyer®

Posted on February 1, 2018 at 1:50 AM Comments comments (0)

Whether you’ve met with an estate planning attorney before or it’s your first time, it’s important to understand how working with a Family Business Lawyer® is different than meeting with a traditional lawyer.

 

This article will explain what’s involved with such a consultation, and it may even inspire you to meet with us to get your estate planning started or update...

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When Is a Good Time to Incorporate?

Posted on January 1, 2018 at 7:30 PM Comments comments (0)

Incorporating your business can save you money on taxes and limit your liability for business debts. But, most importantly, it says to the world -- I’m in business. And that sends an important message to you, your clients, your spouse, your friends, family and, yes, even to the IRS.


In the early months or years of your business, you may not be earning enough money to save on your taxes by incorporating, but it’s still important that you do, if you want to be mak...

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Ready to Write Your Will? Consider This Before You Go It Alone or Online

Posted on January 1, 2018 at 7:25 PM Comments comments (0)

A last will and testament is the most commonly thought of document when it comes to an estate plan. But, really, it’s a very small part of an integrated plan that ensures your family stays out of Court and out of conflict when something happens to you.


Don’t think you can just write your own Will and that will help your family. Instead, consider the reality that trying to do so could actually create far more trouble for them down the road. They need you to get pr...

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Business Owners May See Potential Windfall From New Tax Bill

Posted on December 20, 2017 at 2:15 AM Comments comments (0)



Due to its highly touted “business friendly” nature, the new Republican tax bill—which recently passed both the House and Senate—has been highly anticipated by many business owners. Known as the “Tax Cuts and Jobs Act,” both the House and Senate versions reduce tax rates, adjust tax structures, and revamp tax benefits for businesses to stimulate economi...

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New Bill is Potential Game Changer for Your Family's Tax Strategy

Posted on December 20, 2017 at 2:00 AM Comments comments (0)


If you follow the mainstream or social media news, you likely know the new Republican tax bill, which recently passed both the House and Senate, is a potential game changer for tax planning. Known as the “Tax Cuts and Jobs Act,” both houses of Congress passed different versions of the bill, so it’s unclear what the final legislation will include, or if it will even pass.


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The Basics of Venture Capital Financing

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If you’ve come up with a great business idea, but don’t have the money to bring it to market, it may feel like you’re left with few funding options. Banks aren’t interested in loaning to startups that have yet to make any money, and most people don’t have family or friends who are wealthy enough to provide the kind of cash needed to make a real go of it.

To this end, you may find yourself considering the venture capital market. While TV shows like Shark Tan...

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Avoid This Major Mistake When Adding an IRA to Your Estate Plan

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Some people assume that because they’ve named a specific heir as the beneficiary of their IRA in their will or trust that there’s no need to list the same person again as beneficiary in their IRA paperwork. Because of this, they often leave the IRA beneficiary form blank or list “my estate” as the beneficiary.

But this is a major mistake—and one that can lead to serious complications and expense.

IRAs aren’t like oth...

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Estate Planning Tips for Ensuring Your Pets Are Properly Cared For

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It’s sad but true that many pets end up in shelters after their owner dies or becomes incapacitated. In fact, the Humane Society estimates that between 100,00 to 500,000 pets are placed in shelters each year for exactly this reason, and a large number of these animals are ultimately euthanized.

Whether we like it or not, the law considers pets to be nothing more than personal property jus...

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From Billions to Bust: How the Stroh Family Fortune Was Lost

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In 1988, Stroh’s Beer was one of America’s most impressive family fortunes, estimated by Forbes to be worth $9 billion in today’s dollars. Just two decades later, however, the massive beer empire, along with all of the family’s wealth, would disappear

.

Poor business decisions and bad investments were the primary cause of the company’s downfall. ...

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