If you are deciding to research business succession planning, you are taking the first step to secure your legacy and leaving your business in the right hands. Business succession planning involves a series of logistical and financial decisions concerning how a business owner wants to exit their business. Whether you leave the business by retirement, disability or death, having a succession plan in place is a smart decision.
Establishing a power of attorney can sound intimidating, but
it is very simple when working with an experienced professional. If you are
looking to put a future plan in place for your personal and business affairs,
you should look into setting up a power of attorney. First, there are some
basic items that you should know.
Purchasing real estate and
managing it is a major responsibility. You want to make sure that you can
achieve a return on the investment made and, to the extent possible, you want
to protect the investment from creditor claims.
Florida homestead protection laws
are some of the broadest in the country, but they only extend to your principal
residence. If you are in the market to purchase real estate for investment, you
should consider owning that property in a separate limited liability company
Many budding entrepreneurs start businesses – usually with friends, family or colleagues. If you were or are one of these people, you may have had disagreements on the vision of the company or you wanted to keep your family recipe confidential. Problems like these are a dime a dozen when running a business and a typical solution is to have the stakeholders of a company sign a Non-Disclosure Agreement (NDA).
Advice from Commercial Real Estate Lawyers Cipparone & Cipparone
When it’s time to consider renting commercial office space, it’s important to remember that most aspects of your lease are negotiable. Continue reading