May 9, 2021
Who said partnerships were easy? Part of the challenge is structuring your company so that it can function well in your absence — especially if that absence is a prolonged one . . . like, because of your death. What happens to the employees? What happens to your clients? As Jason Knott points out in his article, “Are You Prepared for Business Succession?”, there are a number of issues to think through such as: Estate taxes How business is generated (if it’s a result of your contacts and you’re no longer around, what are the likely fortunes of the company?). Employee and vendor loyalty And don’t forget having a clear plan for who will own the business and in which proportions when you’re gone. All of these issues are challenging — they’re heavy with emotion, potentially unpleasant, and not always simple to work through. But you needn’t go it alone. Your succession planning team — your attorney, accountant, business partners, and (if appropriate) consultants — all can help you figure it out. Want to learn…
Continue ReadingIn my opinion, there are few more delectable words in the English language than . . . chocolate. So it’s with great enjoyment that I learned of the sweet new strategic supply and innovation…
Read MoreYear after year, I would go in for my annual physical. Much to my surprise (and my doctor’s), despite my enormous stress levels, my blood pressure was always normal. All of my vitals were good.…
Read MoreTwo (or more) people want to go into business together. They’re holding hands (metaphorically speaking), ready to skip lightly down the path of shared entrepreneurship, when a legal questions arises: what form of business should…
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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.
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.
