August 29, 2018
Ah, wouldn’t it be nice . . . to cash out of your business and have the time, freedom and buckaroos to lounge in Tahiti, build that extra extension on the house or give to the charity of your choice. But there’s more that has to go on behind the scenes–before you get to that big splash with lots of zeros to the left of the decimal point. Particularly in the realm of tax planning. (Because you can be sure that when there’s a windfall, Uncle Sam will be right there next to you with his hand out!) Here are some steps to think about (and AllBusiness.com neatly outlines): What are you selling? There are two ways to sell your business: Sell the entire thing, entity and all, or sell the assets (and leave you holding the shell of the old entity). No surprise, sellers usually want to unload the whole kit and caboodle. Buyers usually want to avoid the liabilities that the business may have accumulated, so generally prefer to cherry-pick the assets. What…
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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.
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