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The Advocate's Blog

Your Business Succession Plan: Are You Ready?

Posted by Gregory Robinson | Feb 27, 2025 | 0 Comments

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...

The Hidden Risks of Poor Succession Planning

Posted by Gregory Robinson | Feb 20, 2025 | 0 Comments

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...

Succession Planning for Family-Owned Businesses

Posted by Gregory Robinson | Feb 13, 2025 | 0 Comments

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...

Building Blocks of a Successful Succession Plan

Posted by Gregory Robinson | Feb 06, 2025 | 0 Comments

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...

Why Every Business Needs a Succession Plan

Posted by Gregory Robinson | Jan 30, 2025 | 0 Comments

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...

How Your Business Documents Impact Your Estate Plan

Posted by Gregory Robinson | Oct 26, 2024 | 0 Comments

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...

What You Need to Know About Equipment Leases

Posted by Gregory Robinson | Aug 29, 2024 | 0 Comments

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...

What You Need to Know About DBAs

Posted by Gregory Robinson | Jul 15, 2024 | 0 Comments

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...

Choosing the Right Legal Entity for Your Business

Posted by Gregory Robinson | Jun 30, 2024 | 0 Comments

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 Basics for Businesses

Posted by Gregory Robinson | Jun 21, 2024 | 0 Comments

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'...

What Is a Business Divorce?

Posted by Gregory Robinson | Jun 18, 2024 | 0 Comments

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...

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