November 26, 2017
So you thought you had your bases covered when you formed your corporation (or LLC) for your new business. But forming a company alone may not be enough. (Surprise! Ugh.) Yes, you wanted to protect your personal assets from business creditors … but are your business assets protected from personal creditors? Personal creditors can include: * Your soon-to-be ex-spouse * The neighbor, whose garage was destroyed when your teenage daughter drove your Prius into it after one too many cocktails * The credit card company, who’s going after you for defaulting on your payments If they get a judgment against you personally, they may look to all of your assets … which can include the business you own. Listen in to this podcast with estate planning attorney Joseph Donlon, Esq. as we talk about: Ummm, what exactly is asset protection? Is it some offshore scam in the Bahamas? Do you have to be super-wealthy to need asset protection? and Paint me a picture: when do asset protection strategies make sense for business owners? The short…
Continue ReadingAt some point in their business planning, most entrepreneurs wonder: “How can I protect myself if things go awry?” Even if they have few personal assets, they may want to avoid the possibility of seeing…
Read MoreWhen you’re starting your business, partnership agreements can seem a tedious exercise. Not only do they take time and careful planning, but also partnership agreements can feel like a bucket of cold water–a real reality…
Read MoreQ.: Can Subchapter S retired stock be un-retired? A.: Generally, when you have gone through a stock transfer to sell your shares back to a corporation, when you later buy back in to the…
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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.
