Join Our Free Webinar on March 5, 2025 Business succession planning is essential for ensuring a smooth transition of ownership, minimizing legal risks, and protecting your financial legacy. However, many business owners delay planning, leading to costly probate delays, tax liabilities, and inter...
As a small business owner, estate planning isn't just about transferring wealth—it's about securing your company's future, protecting your loved ones, and passing down the values that define your success. Your business, financial assets, and legacy deserve a structured plan to ensure smooth trans...
As a small business owner, estate planning isn't just about passing down assets—it's about ensuring your business thrives, your family is financially secure, and your legacy endures. Whether you own a family business, a startup, or a growing enterprise, an estate plan is essential for business co...
Succession planning is an essential process for any business, yet many owners overlook the risks of failing to plan properly. A lack of preparation can result in costly legal and financial consequences that may damage your business, delay transitions, and even lead to its closure. In this post, w...
As a small business owner, you've worked hard to build your company and secure your financial future. But have you considered what happens to your business, assets, and loved ones if you become incapacitated or pass away unexpectedly? If you own a business, real estate, investments, or personal ...
Family-owned businesses often represent more than just a financial venture — they embody a legacy, hard work, and shared values passed down through generations. But succession planning for family-owned businesses comes with its own unique set of challenges. Balancing emotions, fairness, and prese...
As a small business owner, estate planning isn't just about transferring money and assets—it's about preserving your business legacy, core values, and financial wisdom for future generations. Your company represents years of hard work, sacrifice, and dedication, and without a structured plan, you...
As a small business owner, safeguarding your business assets, real estate, and investments is critical. Trusts can be effective estate planning tools, offering tax efficiency, business continuity, and wealth protection. However, scammers exploit the complexity of trust law to sell fraudulent sche...
A strong business succession plan is essential for ensuring a seamless transition when it's time to step away from your company. Whether you're preparing for retirement, selling your business, or planning for unexpected events, having a clear and comprehensive plan protects your business's legacy...
As a business owner, your real estate assets are a critical part of your financial portfolio. Whether you own commercial property, rental units, or a personal residence, ensuring a seamless transition of ownership upon your passing is essential for protecting your legacy, minimizing legal costs, ...
Running a successful business requires careful planning, not just for today but also for the future. Have you thought about what happens to your business when you retire, sell, or face unforeseen circumstances? If not, it's time to consider a business succession plan. In this post, we'll explore...
Surprisingly, only about 25–35% of Americans have an estate plan. Without one, the state—not you or your family—will decide what happens to your assets, including your business interests. While the business succession planning rate is higher, studies show that many family businesses lack formal s...
Understanding the value of your business is just as important as knowing the worth of your home or the balance of your retirement account. Yet, many small business owners overlook the importance of obtaining a business valuation. Whether you're preparing for a sale, planning an exit strategy, or ...
Protecting Limited Liability with Corporate Formalities One of the biggest advantages of forming a corporation or limited liability company (LLC) is limited liability. This shield protects owners' personal assets from the debts and obligations of the business. However, this protection is not aut...
Strategies to Help Your Business Navigate Financial Distress In today's economic climate, increasing costs and rising interest rates are putting pressure on many businesses. If your business is in financial distress, there are proactive steps you can take to improve your financial condition and ...
Understanding Equipment Leasing and Its Benefits for Businesses What Is Equipment Leasing? Equipment leasing is a popular alternative to purchasing new equipment, especially amid volatile interest rates and inflated equipment costs. Many businesses opt for equipment leases to preserve cash flow...
When launching a new business, operating as a sole proprietorship often makes sense. Sole proprietorships are straightforward and cost-effective to set up, making them the most common form of business organization. However, as your business grows and evolves, transitioning to a more formal struct...
Written contracts are the foundation of any successful business relationship. They clearly define the rights, obligations, and expectations between parties, providing a legal framework that ensures all parties uphold their commitments. Without well-drafted contracts, business relationships can be...
August is National Black Business Month, a time to celebrate and support Black-owned businesses across the nation. At The Robinson Advocacy Group, we recognize the critical role that entrepreneurs play in driving economic growth and fostering innovation within our communities. As a business law a...
Introduction Whether you are an entrepreneur starting a new venture or running a well-established business, your success often hinges on safeguarding innovative ideas and confidential information that give you an edge over competitors. If you have spent years perfecting a secret recipe for your ...
The Importance of a Business Name The first impression your business makes often comes from its name. While your business may operate under a different name than what's on its organizational documents, registering a Doing Business As (DBA) name allows this flexibility. Also known as an assumed n...
Starting a business in the United States is an exciting endeavor, and with numerous tools available, it's easier than ever to tap into the free enterprise system. However, achieving the American dream of being your own boss and running your own company requires careful planning and practical deci...
Intellectual property (IP) is the driving force behind many of the world's most innovative and successful businesses. IP rights—including patents, copyrights, and trademarks—protect intangible assets and help companies and individuals profit from the fruits of their intellectual labor. In today'...
Business partnerships, like marriages, are complex relationships with highs and lows, challenges and rewards, good times and bad times. When people start businesses together, they should expect to experience growing pains. However, when differences are irreconcilable and threaten to drag the comp...
The rise of home-based businesses represents a fundamental shift in how Americans work. Home businesses offer a convenient and flexible way to earn income without commuting to a traditional office. They may also qualify for tax breaks in the form of home office deductions. Self-employed individua...
