When Should You Use a Stay Bonus Agreement
Wednesday, October 30
Do you have certain key employees who help make your family business a success? Keeping those employees may be essential to a successful transition of ownership and management to your children or another new owner when you retire or pass away. A “stay bonus” (also called a retention bonus) is a ...
Important Upcoming Compliance Deadlines for Your Business
Wednesday, October 23
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the nex...
Transferring LLC Membership Interests Part 3—Involuntary Transfers
Wednesday, October 16
An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of a triggering event outside of the member’s control. An individual or entity obtaining a membership interest as a result of an involuntary transfer usually cannot fully...
6 Key Considerations for Passing Down a Family Business
Wednesday, October 09
You have spent years building your small business, but have you taken time to consider what will happen to it when you retire, become disabled, or pass away? Although it is often hard to fathom an event that may not occur for many years, it is important to put plans in place in advance. The fail...
Transferring LLC Membership Interests Part 2—Voluntary Transfers
Tuesday, October 01
An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests. Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the in...
How to Attract Stellar Employees for Your Small Business
Wednesday, September 25
The economy is booming, which is excellent news for small businesses, right? In general, it is great news for all businesses.However, it also presents some challenges, particularly for small businesses. According to the June 2019 National Federation of Independent Businesses (NFIB) Jobs Report, s...