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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."

BIRMINGHAM READY FOR A FOOD FIGHT!

27 Apr 2018 Written by
Published in Blog

Originally published as a guest writer on ComebackTown and on AL.com

 

There’s a four letter ‘F‘ word that could help define Birmingham’s future–but as you might expect–it’s not the one you’re probably thinking.

However, when I tell you the word, it still won’t be in the context of what you might expect.

The word is “food,’ but not our nationally recognized upscale restaurants.

Estate Planning as a Business Owner

18 Mar 2018 Written by
Published in Blog

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. 

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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.

**By using this blog site you understand that this information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice. This blog site should not be used as a substitute for competent legal advice from a licensed attorney in your state. This blog site is not intended to be advertising and Joshua M. Watkins does not wish to represent anyone desiring representation based upon viewing this blog site in a state where this blog site fails to comply with all laws and ethical rules of that state.

**No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers.

 

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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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