March 2, 2018
Protect your assets by forming a business entity; it’s worth the cost. Some companies can cover many of their potential business risks with insurance, but in my opinion, if you’re going into business you should form a separate entity. The risks to your personal assets and to your business growth far outweigh any advantages of sole proprietorship. Still not sold? Check out the risks you’re facing. You’re facing the world naked. Doing business as a sole proprietor is like going into battle without armor. Even if you have insurance, it won’t protect you against certain things, like lawsuits that exceed the policy amounts. As a sole proprietor, you place all of your personal assets at risk. One freak lawsuit, and you could lose it all: your home, your bank accounts, your savings, your car and your jewelry. I can’t tell you what the odds are of being sued, but I’d sleep better at night knowing I had a layer of protection. Bankruptcy records last a long, long time. If your industry changes, clients dry up…
Continue ReadingWhen a shareholder in a multiple-owner company decides to withdraw from a corporation, her shares need to be transferred. But to whom? And how? It depends on how the shareholder’s agreement is worded. Two scenarios…
Read MoreAs a lawyer, “put it in writing” is my mantra. I believe that having written agreements is sound business practice. But it’s not illegal not to have one. Without one, you simply increase your risk…
Read MoreYou can probably guess the tell-tale signs of needing to leave your business partnership (they’re similar to the signs for leaving your college boyfriend or girlfriend): Everything they do is wrong. You’re stressed and unhappy…
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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.
