August 8, 2018
“Life is trouble; only death is not,” comments Zorba the Greek in the novel by Nikos Katzanzakis. I’ve heard many a business owner brag about the lack of complication that their sole proprietor status affords them. No messy ownership agreements, no separate filings or taxes, complete freedom and flexibility to do what you want when you want. And if it’s “just me” working as a contractor/consultant to other companies, why get so involved in structure and meeting minutes? Well, it’s a law of nature and balance that for every yin, there’s a yang; every action breeds a reaction; every silver lining has a cloud. And the “clouds ” hanging over a sole proprietor can create a deluge of catastrophic proportions. Cloud #1: You risk the whole ball of wax. One of the benefits of doing business as a limited liability entity (such as a corporation or limited liability company) is that the structure (that’s so unwieldy to the sole proprietor) acts as a protective fortress against personal liability. Sole proprietors don’t have that shield of…
Continue ReadingAuthor and entrepreneur Michael Gerber was quoted as saying, “Businesses fail not because their dream is too big, but because their dream is too small and too realistic to sustain the life they want.” Simply…
Read MoreIn light of this week’s national “activities,” here’s a question about presidents–of corporations, that is. Q.: Can you change the president of a corporation? And if the president dies, who takes over? A.: Sure you…
Read MoreLife is supposed to be about the journey, not the destination (or so I’m told). Yet, when it comes to starting a business–or a business relationship like with business partners–what’s the best advice I can give?…
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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.
