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The Advocate's Blog

Starting a Short-Term Rental Business

Posted by Gregory Robinson | Dec 05, 2022 | 0 Comments

Short-term rentals are nothing new. For decades, homeowners have been renting out their properties in touristy areas to earn income. But with the advent of platforms such as Airbnb and VRBO, there has been an explosion in short-term rentals, including many in areas that were not previously consid...

How to Protect Your Business from Lawsuits

Posted by Gregory Robinson | Nov 28, 2022 | 0 Comments

Small business owners are no strangers to risk management. Owning and operating a small business entails a certain level of unpredictability. Despite your best efforts to stay on top of supply chains, marketing, sales, competitors, employees, and cash flow, unexpected issues can knock you for a l...

Key Person Insurance: What Is It and Do I Need It?

Posted by Gregory Robinson | Oct 31, 2022 | 0 Comments

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased's loved ones. Business insurance is a hedge against...

The Business Plan

Posted by Gregory Robinson | Oct 27, 2022 | 0 Comments

Operating your business without a business plan is like going to the grocery store hungry and without a list.  You end up with a lot more than you need—a lot more than you even want—in your cart.  And you've likely upset your budget for the week.  A few such carefree adventures and your budget is...

Why You Should Consider Putting Your LLC into a Trust

Posted by Gregory Robinson | Oct 16, 2022 | 0 Comments

The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and keep assets out of the hands of creditors. By placing LLC membership interests in a...

How to Talk to Your Family About Business Succession

Posted by Gregory Robinson | Oct 03, 2022 | 0 Comments

Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” From the very beginning, you had a plan for your business to succeed. You set goals and developed methods to achieve those goals. Your business has stood the test of time because you anticipated problems and sol...

What Happens When an LLC Member Dies?

Posted by Gregory Robinson | Sep 28, 2022 | 0 Comments

In theory, a limited liability company (LLC) can last in perpetuity. However, the owners of an LLC should plan for the day when they are no longer there to run their business. This includes not only situations like retirement or career change, but also a decidedly grimmer scenario: death.While de...

KICKSTART YOUR STARTUP

Posted by Gregory Robinson | Sep 26, 2022 | 0 Comments

Getting your business off the ground can be challenging in many ways. But perhaps the most challenging aspect of launching a startup involves funding your business in the early stages.Getting the cash flowing and keeping it flowing is the lifeblood of your operation. Without cash flow, you can't ...

Student Debt Relief Plan

Posted by Gregory Robinson | Sep 19, 2022 | 0 Comments

This August, President Biden, Vice President Harris, and the U.S. Department of Education (DOE) announced a three-part plan to help low and middle-income families deal with the increasingly burdensome cost of paying for college, while also making the student loan system more efficient and easier ...

When Should I Think about Selling my Business?

Posted by Gregory Robinson | Sep 14, 2022 | 0 Comments

Part of the reward of being a small business owner is seeing your hard work pay off over the years. The many sacrifices you made for your business can all seem worth it on the day you close a deal to sell your company. But if you are dreaming of that day, it will take some work to get you across ...

What Is Disability Insurance?

Posted by Gregory Robinson | Sep 07, 2022 | 0 Comments

If you must work in order to earn your income, you need to have disability insurance. That said, purchasing such insurance is a “buyer beware” situation. This is because when it comes to most disability insurance policies, you must be aware of the numerous pitfalls that come with acquiring covera...

What Is Undue Influence?

Posted by Gregory Robinson | Sep 05, 2022 | 0 Comments

Following the death of a loved one, close family members are sometimes surprised to learn that they didn't receive the inheritance they were expecting, and that the deceased instead left most of their estate to an individual they only recently met, who wasn't even a relative. While it's not alway...

Myths About Business Entities

Posted by Gregory Robinson | Aug 31, 2022 | 0 Comments

Setting up the right legal structure for your business may seem like a boring detail that you don't need to spend much time on. But, in reality, selecting the right entity for your company is one of the most critical decisions you can make as a business owner.That said, there are all sorts of myt...

What A Will Won’t Do

Posted by Gregory Robinson | Aug 29, 2022 | 0 Comments

Last week, we looked at the different things having a will in place allows you to do. Here, we detail all of the things that your will does not do, along with identifying the specific estate planning tools and strategies that you should have in place to make up for the potential blind spots that ...

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