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Do you need to understand the value of your business for succession planning? Are you looking to buy or sell a business? Do you have a client who owns a business that needs to be valued for family law purposes? In part one, we will cover the basics of business valuations and why they are important. Whether you are a business owner, advisor, lawyer, or accountant, this webinar series will provide you with valuable insights into the world of business valuations. Register here: https://lnkd.in/e5J-Z6ed #businessvaluation #successionplanning #familylaw #sbpartners #webinarseries #businessadvisors #valuetogrow #knowledgeispower

Hook Law COO, Tejal Desai, recently shared expert advice on Coast Live about the importance of having a succession plan in place for your business. Learn how to manage your business seamlessly and prepare for the future. Catch the full discussion here: https://brnw.ch/21wKfPD

As your business grows and evolves, you should consider whether its legal structure should evolve as well. Choosing the right legal structure is like laying the foundation of a house. It provides the necessary support and protection for your business to withstand the test of time. As your business expands and your goals shift, you may find that the original legal structure you chose no longer fits your needs. From protecting your personal assets through increased liability protection to minimizing your tax obligations and attracting outside investors, the benefits of choosing the right legal structure for your business are numerous. In a new article on the Dalton & Tomich website, I discuss six reasons why Michigan business owners may want to reassess the structure of their business. 

Dunlap Bennett & Ludwig has a team of lawyers who focus on helping clients handle the hurdles of starting a business. Our law firm is passionate about guiding entrepreneurs through the process of taking their ideas off the drawing board and into the global marketplace. Visit bit.ly/3EZB314 to read about Corporate Transaction and Finance. #DBL #DoingBetterLaw #TeamDBL #CorporateTransaction #LegalFinance

Partnering with Meghan McNulty can ensure all legal, financial, and operational aspects are expertly handled, safeguarding your business for the future. If you're ready to take control of your estate planning needs and safeguard your business for the future, 📞 contact us at (949) 625-2742. #MeghanMcNultyLaw #MeghanMcNultyLawFirm #losangeleslawyer #LAAttorney #losangelesestateplanning #EstateAttorney #BusinessOwnersLegalHelp #EstatePlanning #EstatePlanningAttorney #californialawyers #LegalAdvice #legalprotection #businesslaw #LA #EntrepreneurLife

Succession planning is a critical aspect of ensuring the longevity and continuity of a business. As businesses evolve, having a well-crafted succession plan is not only a strategic move but also a legal imperative. 1. Importance of Succession Planning: Emphasize the significance of succession planning in preserving the legacy of a business, ensuring a smooth transition of leadership, and mitigating potential legal issues. 2. Long-Term Vision: Encourage businesses to view succession planning as part of their long-term vision, aligning leadership transitions with strategic goals and the company's overall mission. 3. Buy-Sell Agreements: Discuss the legal implications of buy-sell agreements in the context of succession planning. 4. Family Business Transfers: Discuss considerations such as estate planning, tax implications, and addressing potential conflicts among families. 5. Estate and Gift Taxes: Discuss strategies for minimizing tax burdens through careful planning. 6. Estate Planning for Business Owners: Discuss the legal aspects of estate planning specific to business owners, including the use of trusts, wills, and other instruments to ensure a seamless transfer of assets. 7. Role of Legal Counsel: Stress the importance of seeking legal counsel throughout the succession planning process. Discuss how legal professionals can guide compliance with relevant laws and regulations. For personalized legal guidance on business succession planning, our experienced team is ready to assist.🤝 ✨ 👤 📞 205.322.6060 #estateplanning #estateplanningattorneys #businesslaw #cloudandwillis #birminghamlawyers #legalsuccess #lawfirm #yourtrustedpartners

The Idaho Business Review published my brief article with helpful tips for small business owners! TL;DR: 1) Don't forget to file your annual report; 2) Keep informed about your obligations under the Corporate Transparency Act; and 3) Make sure you have a solid operating agreement (for an LLC) or shareholder agreement (for a corporation) in place so important provisions are clear to everyone.

🔔 Online Seminar // Getting Your Business Exit Ready 🔔 If you're considering selling your business, what are the things you can do now to put yourself in the best position to maximise the sale value? Find out in this free online seminar "Getting Your Business Exit Ready: Tips and Tricks to Maximising Your Sale" hosted by Standard Ledger. Law Squared corporate lawyer, Katie Higgins, joins Michael Budnow to share practical legal and accounting tips for a successful exit, including: ✅ Key factors to consider when preparing for a sale ✅ Strategies to enhance business value ✅ Legal and financial preparations ✅ Crucial tax considerations 🗓 Date: Monday, 15 July 2024 🕒 Time: 12:30 - 1:30pm AEST 🎟 Register Free via: https://lnkd.in/gwKyMeks If you're considering a whole or partial sale of your business, this is a must-watch! #BusinessExit #CorporateLaw #BusinessTips #BusinessSale

Operating Agreements are essential for governing your LLC. But what should be included in this document? Let's take a look: 🖊️ Leaving or Joining. It happens all the time. Some members need to leave for various reasons or some new members need to be onboarded. An Operating Agreement will outline how leaving or joining should look. Having a plan in place for these situations is critical. You don't want to waste time trying to figure out the details - they should all be outlined in the Agreement already! The key for this is to be extremely detailing in how each of these instances will look. 🖊️Dissolution. An Operating Agreement should outline what will happen if your LLC closes or dissolves. Be sure to include specific instructions and outline which members will perform which duties. It's important to include stipulations for what will happen with company debt, any assets that should be divided, etc. That's it for now! We'll take a look at the final component next time! It is wise to seek the counsel of an experienced business attorney to draft or edit your Operating Agreement. Wheeler Legal, PLLC is ready to help! Contact us at (321) 209.5995 to schedule a consultation! ⛔️Disclaimer: The information contained in blog posts is provided for general informational purposes only, and does not constitute legal advice, nor is it intended to create an attorney-client relationship. This firm aims to provide quality information, but we make no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this post. Nothing provided in these blog posts should be used as a substitute for the advice of competent counsel. #wheelerlegal #operatingagreement #business #smallbusiness #spacecoast #florida

When choosing the right business structure with our lawyers, we will take the time to understand your goals and ideas for your business and ensure that you have the right structure from the get-go. Get started today: https://lnkd.in/ghyxQwMZ #BusinessStructure #BrisbaneLawyers #LegalAdvice #BusinessLaw #CommercialLaw