Business Information
Selling a Small Business
Selling a closely held small business or your interest in one is a challenge, requiring a different mind-set and skill set from operating the business. Identifying and approaching the most likely potential purchasers can be risky but also beneficial. Some potential...
Your Business’ Digital Assets
As many of your business’ records and accounts are stored or accessed electronically, it is increasingly important to not only inventory, secure and protect these assets, but to enable your business or its successor to access them. Some steps to take include:...
November Business Bytes
This month’s Business Bytes highlighs reservation of rights, avoiding hack attacks and workplace satefy. Reservation of Rights. While most states require your liability insurance carrier to defend you even if there is just an arguably covered claim alleged,...
October Business Bytes
Our Business Bytes highlights recent publications, issues, events and successes that we think our clients and friends should know about. We seek out, sort, prioritize and summarize them for your quick review. Please contact us if you have any questions, issues or...
Cyberattack Protection
As any business can be a cyberattack target, business owners should: Foster a culture of security awareness in their organization by clear and consistent messaging, policies, and procedures. Have clear written security policies and incident response plans that provide...
Avoiding Personal Risk From Your Business
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,...
Valuing a Small Business for Sale
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...
Buy/Sell Agreements for Small Businesses
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,...
Business Succession
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...
Trade Secret Protection
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...
