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There is nothing that your attorney cannot figure out given enough time. But that’s expensive. The client who appears for a meeting with a shoe box full of documents in disassociated condition will pay more in attorneys fees just to get organized or to have the attorney organize their files. I just met with a client who . . . → Read More: Don’t waste money on your attorney! I recently listened in on a teleconference sponsored by UBS on the current tax situation and the speakers had some interesting observations about that dysfunctional group known as Congress. It is very quiet in Washington DC after a busy summer since everyone is working on reelections for November 2nd. Their viewpoint was that it looks like about . . . → Read More: Taxes and Congress–Update A common issue that I see with new business owner clients is the lack of a succession plan. No it’s not so fun to contemplate death but consider the following: 1. Will your spouse be able to depend upon the benefits of your business if you died tomorrow? 2. What about your minor children or other dependents? 3. Who will . . . → Read More: If you died tomorrow could your family still depend on your business? One of the most striking features of our economic times is the sheer volume and intensity of change occuring in the business world, and no where is this more striking than with respect to owners of closely held businesses. Both negatively and positively, businesses are evolving or unfortunately unwinding in the face of both economic hardship as . . . → Read More: Buy-Sell Agreements and the Current Economy |
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