The Family Business Succession Plan – An Important Piece of the Estate Planning Puzzle

Do you own a family business? If so, you have plenty of company. More than 90% of U.S. businesses are family businesses. Out of the Fortune 500, 150 are family businesses. Now, would you like to hear some really startling statistics? Only 30% of family businesses will survive into the family’s second generation, 12% to the third generation and only 4% last to the fourth generation. Scary statistics, aren’t Read More

What Business Owners Need To Know About The New Tax Law

After much twisting of arms and gnashing of teeth, Congress took action on the tax issue… On December 16, 2010, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 was passed. As with any legislation there are hundreds of pages and thousands of words but, in a nutshell, this is how the legislation will affect you and your business: Tax Rates The current tax rates of 10, 25, 28, 33 Read More

Simple Legal Tips For A Successful Small Business

Every entrepreneur has a dream… Independence – both financial and personal… Providing a good life for their family… Grabbing their little piece of the American Dream… With the head in the clouds dreaming, it’s easy to forget some simple legal steps you can take to get your business off to a good start and provide a firm foundation for the business as it grows. When you’re starting your business, keep these five Read More