If you are starting a business entity, you will want to be sure that you choose the best entity for your business needs and that this entity is correctly formed.
Furthermore, having the proper contracts, agreements and other documents drafted for your small business is fundamentally important to maintaining positive relationships with clients, employees, vendors and other business partners. It is important to have contracts and agreements that are clear, unambiguous and that accurately convey your thoughts and intentions to the other party.
Clear and concise documents allow you to conduct your business confidently, knowing that you and your clients, employees, vendors, business partners, etc., are on the same page and have the same understanding of the matter at hand.
With your expectations of one another clearly laid out, the potential for so-called “grey areas” that can often lead to disagreements, breach, and in the worst case scenario, litigation, will be drastically decreased so that you can continue running your business without worry.
Furthermore, my background in estate planning and my personal experience as a small business owner provides me with a great foundation to assist you in preparing a business succession plan. Having a business succession plan is a concept that is often overlooked, however it is of the utmost importance. A business succession plan provides a clear road map to whomever might step into your shoes to continue your business operation should you pass away or become incapacitated or unavailable for any reason. A business succession plan will allow your designated beneficiaries the best opportunity to carry-on your operation in your absence, or wind it down in the most effective manner, if you are unable to take these actions yourself.
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