July 4, 2020
Q.: I have just received my DBA and I’m ready to begin my own business. I would like to clarify once for all if I can use (as I would like) my personal cash account for business purposes too. A friend of mine says so but on my bank website looks like I need a separate cash account as my business account. Since it is a type of business entity which legally has no separate existence from the owner I feel I can use my personal cash account but I would like to receive a confirmation about that. Which type of cash account do I need? A.: Can you use your personal cash account for business purposes? Yes. There’s no law that says you can’t, especially as you’re operating as sole proprietor. Should you? Absolutely not. If you’re serious about being in business, get serious about accounting for your business expenses and transactions properly by having a separate cash account for your business. It can also save you money on accounting fees, as you’ll…
Continue ReadingWhat do you do when facing a recession? Lori Williams has some ideas in her blogpost, “Recession — Who Knows?” She points out that in a down economy, a company in a less-than-ideal financial position…
Read MoreThe article screams “ICU Nurse Finds Joy (and Money) Launching Skin Care Line!” Alright, maybe it doesn’t scream, but it is 4am and I can’t sleep. My mind revs like a car in neutral. I…
Read MoreListen to the Episode Below: When it comes to selling our business, we sometimes over-estimate what we’re actually worth. This can be extremely risky. Selling your business when you’re not financially ready can break your…
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.
