Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does
To run a successful business, you have to be good at what you do. It’s likely that you know your business inside and out. However, if you don’t have a legal background, you might not be sure which form of business entity is best for your type of business. A limited liability company, or LLC, is a business entity that
Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does
To run a successful business, you have to be good at what you do. It’s likely that you know your business inside and out. However, if you don’t have a legal background, you might not be sure which form of business entity is best for your type of business. A limited liability company, or LLC, is a business entity that