Bite-Sized Bits of Knowledge
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...
Your Guide to Alternative Dispute Resolution
Recently we took a bit of a deep dive into litigation, covering the process in general and then taking an expanded look on why you probably want to avoid it in most instances. One of the ways you do that? By engaging in alternative dispute resolution. What exactly is...
The Reality of the Litigation Process (and Why to Avoid It)
Often, people come to us gung-ho about suing someone to make them pay for some wrong they have had to endure at the hands of the other party. Perhaps a business partnership went sour. Or they feel slighted in a will.This desire to jump straight to litigation is...
Capital Calls
Capital calls can be a critical part of business planning. It means that the management (managers or board of directors) may force shareholders to come up with additional capital. It also should address what happens if a shareholder cannot...
Tag Along and Drag Along Rights
Tag along and drag along rights are important. Tag along rights are rights in the hands of a minority owner of a company. It entitles the minority owner to "tag along" with a sale of interests that they are not otherwise apart of. In...
What Is Litigation? Basic Concepts and Why to Avoid It
Learn what is litigation from a knowledgeable Florida business attorney, as well as the reasons that you should try to avoid it.
Exit Planning Systems
We’ve now discussed exit planning at a high level and some important points like price, terms, legal, etc. This video discusses non-legal things to tighten up to maximize your purchase price as a seller. This would include, among other...
What You Need to Understand about Tax Basis
You already know that taxes are complicated. It’s why so many people pay to have professionals handle their taxes every year. But tax basis calculation is one of the concepts that people tend to have the most trouble understanding. Part of the problem is that this...
Exit Planning Deal Points
A lot goes into selling your business. Putting aside market conditions, the more prepared you are, the better price and terms you’ll get in a sale. This video outlines at a high level the deal process from beginning to end, starting with...
