by Brooks, Tarulis & Tibble | Jun 15, 2022 | Business Briefs, Business Law, Taxes
Operating your business as a limited liability entity generally protects your personal assets from claims of business creditors, but the informal operation of small to mid-sized and family-owned businesses can sometimes weaken that protection when things go bad,...
by Brooks, Tarulis & Tibble | Apr 13, 2022 | Business, Business Briefs, Insurance
Asset protection planning is taking proactive steps to protect your personal or business assets and income before there is a legitimate threat or claim against you or your business. This is not giving away or transferring your assets to other parties, that carries its...
by Brooks, Tarulis & Tibble | Feb 14, 2022 | Business, Business Briefs, Contracts
Manufacturing delays, transportation shortages and overall supply chain issues caused problems for many businesses from manufacturing to retail. These situations outside of your control can also result in further problems for your business if you fail to supply,...
by Brooks, Tarulis & Tibble | Jan 10, 2022 | Business Briefs, Business Law
When the owner or owners of a closely held small business decide its time to sell or are approached by a potential buyer, the first order of business should be determining the business’ value or the value of the selling owners’ interest. Innumerable factors are...
by Douglas Tibble | Dec 29, 2021 | Business Briefs, Estates, Taxes, Trusts & Estates
To many people estate planning is merely preparing a will to tell your executor what to do with what you own when you die. But, estate planning is more than just drafting a will. It includes tax efficiencies, wealth preservation, asset protection, efficient asset...
by Brooks, Tarulis & Tibble | Dec 27, 2021 | Business, Business Briefs, Business Law, Family Law, Taxes
The media’s focus on spending in the proposed Build Back Better and related bills pending before Congress overlooks many of the revenue aspects that could affect the estate plans of the wealthy and the tax strategies of business owners and the highest income earners....
by Brooks, Tarulis & Tibble | Dec 15, 2021 | Business, Business Law, Contracts
The recent troubles with acquiring inventory, unexpected price increases, delivery delays and product shortages caused problems for many businesses. It also highlights that it is a good time to review your agreements, purchase orders, invoices, and other contract...
by Brooks, Tarulis & Tibble | Dec 14, 2021 | Business, Business Briefs, Business Law, Contracts
Each business, or at least its ownership, has a life cycle and particularly with multiple owners it is important to consider at the business’ inception how the business may end or an owner leave. While the law provides a mechanism to end a business or one’s ownership,...
by Brooks, Tarulis & Tibble | Nov 18, 2021 | Business, Business Law, Contracts, Family Law
Your business supported you and your family, and when it’s time to retire, proper prior planning can enable it to also support your retirement. Successful business succession planning should begin well before you are ready to retire in order to maximize value for you...
by Brooks, Tarulis & Tibble | Oct 12, 2021 | Business, Business Briefs, Business Law, Contracts
Whether it’s a corporation, company, limited liability entity, limited partnership, partnership or business trust, business owners are encouraged to form and use some type of business entity to limit their personal liability exposure, creating a firewall to prevent...
by Brooks, Tarulis & Tibble | Sep 14, 2021 | Business, Business Briefs, Business Law, Civil Litigation, Litigation
The 2016 Federal Defend Trade Secrets Act put federal trade secret protection on par with that for other intellectual property, like copyrights and patents, but without requiring registration or disclosure. The number of state and federal lawsuits using the Act...
by Brooks, Tarulis & Tibble | Aug 10, 2021 | Business, Business Briefs, Business Law, Civil Litigation, Contracts, The Courts
Many businesses and contracts provide for mandatory arbitration of disputes in lieu of or prior to filing a lawsuit. While arbitration sometimes provides a quicker and less expensive way to resolve a dispute, parties need to be aware of the differences and some of the...
