Bite-Sized Bits of Knowledge

What Is “Elective Share” and How Can It Affect Your Estate?

Like homestead, Florida’s elective share can wreak havoc on an estate. What exactly is elective share?Hi, this is Barry Haimo. Thank you for stopping by for a dose of Bite-Sized Bits of Knowledge, where we give you meaningful information in a short amount of time....

Establishing Exit Planning Systems to Maximize Business Value

Building Systems for a Successful Business ExitRunning a business is an exhilarating journey that requires immense dedication, hard work, and strategic planning. As an entrepreneur, it's important to consider how to build and grow your business so that it can continue...

The Importance of Exit Planning Deal Points on the Sale of a Business

Selling your business involves a myriad of considerations. Beyond market conditions, due diligence sets the stage for securing a favorable price and advantageous terms in the sale. This video highlights crucial steps from the initial nondisclosure agreements (NDAs) to...

The Effects of Capital Calls on a Business and Its Shareholders

What Is A Capital Call and How Does It Affect Your Shareholder Status? A capital call arises when management determines the need for additional funds and issues a notice to shareholders. The notice requests shareholders to contribute more money or assets.  Typically,...

How Tag-Along and Drag-Along Rights Empower Shareholders

Understanding the Significance of Tag-Along and Drag-Along Rights in Business Ownership In the realm of business ownership, certain rights play a crucial role in protecting the interests of both majority and minority shareholders. Two such rights are Tag-Along and...

Why You Want to Have a Good Customer Agreement

Let’s say you sell someone a product or perform a service for them. You think it’s a pretty simple relationship. They pay you and they receive something in return. But what if something goes wrong with that product or they just want to return it? What if they ask you...

Succession planning goals

Business Succession Planning: Common Goals and What You Need to Do Now Business owners spend their lives building up their businesses to be successful. With all the blood, sweat, and tears that go into growing a business, it can be hard to let go. Even more so if you...

The Importance of Business Succession Planning

Why Every Business Owner Needs a Succession Plan and How It Can Protect Your Legacy As a business owner, you spend countless hours and resources building your business. However, what happens when you are no longer able to run it? One of the most important parts of...

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