June 5, 2014
If you don’t work out how to handle your assets ahead of time, a divorce could devastate your company. Business owners look forward to “prenups”–whether with a spouse or a business partner–with about as much eagerness as a rectal exam. Sure, it’s necessary, but it’s often unpleasant and something you’d rather skip. Some people do– avoiding the doctor for that reason. But those exams can uncover serious health situations that, if left untreated, could wreak terrible damage. Same goes for not having a prenuptial agreement. If there’s a divorce and you haven’t worked out how to handle your assets, the damage inflicted on your company could be devastating. What, Exactly, Is a “Prenup”? Essentially, a prenuptial agreement (“prenup”) is a contract between prospective spouses that addresses how the financial aspects between them will be handled in the event of a divorce. All 50 states recognize prenuptial agreements. Some states honor “domestic partnership agreements” between unmarried people that cover similar issues. Your company will be among the most important financial assets you’ll want to address. Why…
Continue ReadingListen to the Episode Below: As a teacher before becoming a financial advisor and entrepreneur, Susan McGlory Michel knows that some lessons you ease into gently, and others are the “drop you in the pool…
Read MoreNo, I’m not cheating on my husband (a violation of a very different kind of partnership agreement) — “Shacking Up Wisely” is the title of a recent post on business partnerships spotlighted by the Huffington…
Read MoreWe had a huge snowstorm here in the Northeast just before the 2020 Christmas holiday. So my husband, Joe, and I went to visit my mother and make sure she was safe… … and Joe…
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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.
