Recent Posts in Business Planning Category

THE LLC OPERATING AGREEMENT - Part Two

In the last post, we discussed Management and Voting, and Initial Capitalization as two very important aspects of a basic LLC Operating Agreement. Here are the other three most important provisions/ ...
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THE LLC OPERATING AGREEMENT - Part One

What are the key provisions and necessary clauses of a solid LLC Operating Agreement? The rights of business partners or “members” as they are called in a limited liability company are not ...
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Starting a Business, Part Four: Policy and Procedure

Starting a Business, Part Four: Policy and Procedure No business operation should start without a comprehensive plan and system in place as to the creation and implementation of policies and ...
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Starting a Business, Part Three: Business Advisors

Starting a Business, Part Three: Business Advisors Creating a network of trusted advisors (e.g., Attorneys, CPAs, Financial Advisors), particularly disinterested parties, should be established prior ...
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Starting a Business, Part Two: Partnership, Operating, or Shareholder Agreement

Starting a Business, Part Two: Partnership, Operating, or Shareholder Agreement Depending on what entity you chose, the document that will govern the management and ownership interests needs to be ...
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Starting a Business, Part One: The Corporate Identity

There are a few pivotal steps that should be taken when starting any new business, whether it is single or multiple ownership. In the next few weeks’ posts, we will be examining some of these ...
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The 7 Levels of Asset Protection for Business Owners - Part 2

There are several levels of asset protection planning that can be implemented. Each level provides an additional layer of protection. Level One – Exemption Planning: Some assets are ...
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The 7 Levels of Asset Protection for Business Owners - Part 1

What is “Asset Protection?” The best way to answer this inquiry is to explain what asset protection isn’t. Asset protection is not hiding or concealing assets. Asset protection is ...
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Common Asset Protection Questions

Quite often I'll get a client that comes into my office with many questions regarding asset protection. Almost always they are very good questions that more people should know the answer to. So, ...
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Business Succession Planning 101

One of the areas of practice at my law firm is Business Succession Planning. Like many other types of planning, people may not realize the true value of creating a proper plan until it is too late. As ...
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