March 28, 2016
Zsa Zsa Gabor once said, “[My ex-husband] taught me housekeeping. When I divorce, I keep the house.” But what if your house isn’t the issue—it’s your company …? Can your spouse keep a piece of it? It’s an issue that affects many small business owners. U.S. divorce rates hover around 40-50% (American Psychological Association). Re-marriage rates exceed 50% (U.S. Census Department). And re-divorce rates exceed 60-70% (DivorceSource.com). Add in the slowly growing increase same-sex partner rights—and the possibility of breakup needs to factor into any business owner’s plans to protect her company. Here are several situations where women business owners can make those “just in case” plans: Before marriage Without a pre-nuptial agreement (fondly called “prenups”), what your business earns during your marriage can, in some states, be considered “marital property” that you have to share upon divorce. The situation gets thorny, too, if your spouse works for you. This can create unspoken expectations they’ll get a “piece of the action” if they’ve helped out in the trenches. Sherri Donovan, a New York City divorce…
Continue ReadingAs you probably know, one of the great advantages for businesses in outsourcing to independent contractors is that they don’t have to pay the whole array of taxes that they do for employees. The IRS…
Read MoreWhen titans of industry pass on or resign, as Steve Jobs from Apple did recently, there’s usually a flurry of speculation about the business succession plan. Who will take over? Will they have the same…
Read MoreYou want to hire an independent contractor. Or a freelancer. Mostly because you don’t want to get involved in the red tape and extra costs involved in hiring an employee. So you put together an…
Read More
I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
