Exploring the importance of Buy-Sell/Partnership Agreements
Two business partners who have been friends since grade school found themselves in my office disagreeing on some very important and fundamental aspects of their business. Like many other small business owners, they did not have a Buy-Sell/Partnership Agreement when they first entered into the business. They didn’t want to incur the expense and thought that their friendship would carry …
Read MoreKnow your risks and how to protect your assets against those risks
As a business owner, careful planning is essential. This includes the proper selection of the structure for your business entity that meets your unique needs from both a business and tax standpoint, careful drafting of the appropriate documents that protects your business interest, and implementing them. Even those without much personal assets should know that judgments and judgment liens are …
Read MoreStarting a Business in San Diego
When you go into business for yourself, you are usually personally liable for all judgments and debts that the business incurs. This includes business loans, taxes, money owed to suppliers and landlords, and any judgments against the business as a result of a lawsuit. If you don’t protect yourself, a creditor can go after your personal assets, such as your …
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