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The U.S. Small Business Administration created the SBA Franchise Directory to try and streamline the process for entrepreneurs looking to access capital.

According to SBA Associate Administrator Willam Manger, “It’s a one stop shop to check the growing list of eligible brands for SBA financing.  Since its establishment, the Directory and new procedures have received extremely positive feedback from the stakeholders participating in the process."

Published in Blog
Sunday, 18 March 2018 16:51

Estate Planning as a Business Owner

A business owner’s estate plan, no matter how complex, can be implemented any time before death, so long as the testator is still legally competent ("sound minded", including that they understand the nature of making a will, the extent of his/her property, and know who would be considered the natural object of his/her bounty, etc.). Regardless, it's still a good idea to begin planning in advance, since time of need planning may not be possible.

If you are an owner of a business or a professional practice, it is even more important that your estate planning begin soon. Since it's quite likely that a significant portion of your wealth, and your family's source of income after your death, is tied up in the business. In that situation, the success of your estate plan is likely dependent on the business being transitioned to the next generation or sold to a 3rd party for a reasonable price. Both of those results may take years of planning and preparation to be successful. 

Published in Blog
The year-end is coming up and planning for 2018 should be underway at most companies. If you haven't started yet, or if you have, I think one quick story might be instructive about why it's a good idea to include your general counsel in the process.
Published in Blog
Thursday, 12 October 2017 16:38

Check out: "Annual Legal Checklist"

Often Legal Issues Are Overlooked Until It's Too Late...

Published in Blog
Many new (and even some experienced) entrepreneurs seem to struggle with the dizzying array of business entity choices and their various combinations. To name a few there are: proprietorships, partnerships, limited partnerships, LLPs, LLCs, Trusts, Corporations and S-corporations. Each entity has its place and time, but for high growth potential businesses I will choose a corporation almost every time. The reason is mainly tied to tradition and corporate governance.
Published in Blog
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**This blog site is published on behalf of and reflects the personal views of the article authors, in their individual capacity. It does not necessarily represent the views of the law firm or any clients, and is not sponsored or endorsed by them. The purpose of this blog site is to assist in dissemination of information about general business and interesting legal topics, but no representation is made about the accuracy of the information. The information contained in this blog site is provided only as general information for education purposes, and blog topics may or may not be updated subsequent to their initial posting.

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The July 10th changes to the rule allow small employers who would not otherwise be able to qualify to join together… https://t.co/2uh1SziDu6
This is a pretty practical article regarding tax planning for new C-Corp rates, 199a pass-through, and Schedule C/E… https://t.co/aP6FTwoOi3
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