
Insights & Analysis
How to Put Business Interests into a Trust
Placing your business interests into a trust can provide long-term protection, streamline succession planning, and help avoid probate. Whether you own an LLC, corporation, or partnership, transferring ownership to a trust allows for seamless management in case of incapacity or death. This strategy can also reduce estate taxes and protect business assets from personal creditors. However, it’s essential to consider potential restrictions in operating agreements and any tax implications. Learn how a business trust can safeguard your legacy and ensure a smooth transition for future generations. Read more to explore your options.
Understanding Your Business Liabilities and Assets
Understanding your business liabilities and assets is key to managing your company's financial health. From grasping the basics of the accounting equation—Assets = Liabilities + Equity—to identifying the impact of these elements on your financial statements, this guide provides a clear framework for small and mid-size businesses to make informed decisions.
Revamping Your Business Model
In today’s fast-changing market, business model innovation is essential for staying competitive and driving growth. Whether you’re a startup or a Fortune 500 company, adapting your strategies to meet shifting customer needs and leveraging technological advancements can unlock new opportunities. Explore how to reevaluate your business model to stay ahead and achieve sustained success.
Economic and Legal Considerations for Short-Term Rental Businesses
Short-term rental platforms like Airbnb have revolutionized the hospitality industry, but investing in this space comes with its own challenges. From navigating legal restrictions to managing operational costs, success requires informed decisions. Learn the essentials for maximizing your investment and staying compliant in this competitive market.
Choosing the Right Legal Entity for Your Business
Choosing the right legal entity is critical for your business's success. From sole proprietorships and partnerships to LLCs and corporations, each structure offers unique benefits and challenges. Learn how to make the best decision for your business goals.
What to Bring to Your First Meeting with Your Business Lawyer
Heading to your first meeting with a business lawyer? Learn what documents and details to bring to make the most of your time and get the legal advice you need for your business!
What You Need to Know about DBAs
DBAs, or Doing Business As names, allow businesses to operate under a different name than their legal entity. This guide explains what DBAs are, why they're important, and the steps to register one for your business.
Preparing to Pass Your Business to the Next Generation
Transitioning your business to the next generation requires thoughtful planning and strategy. From choosing the right successor to addressing legal and financial considerations, our guide offers practical insights to help secure your legacy and pave the way for future success.