As an attorney, I speak to business owners every day about risk. Not about avoiding risk, but rather the importance of entering an unpredictable marketplace prepared for its inherent perils. In my typical conversation about how to start a business intelligently, I speak about three sources of risk: the IRS, the rapacious judgment creditor, and your business partners. Risk #1: […]
Well, Congress has made it official. The Tax Cuts and Jobs Act narrowly passed the Senate on December 20th, and now it’s on us to deal with some pretty dramatic changes. Despite cries to simplify the tax code—and claims that this tax overhaul would do so—it probably comes as no surprise that the newly amended tax code is about as […]
Change is inevitable, but that doesn’t mean it’s easy to deal with, particularly when it comes to our careers. That said, there are ways to make the process of switching to a new job better for everyone involved. Show off your professionalism throughout the process, and you’ll avoid burning bridges and make the process a lot less painful. According to […]
Starting a business is like having a newborn baby: you love it, nurture it, and hope that all of your hard work will make it grow into a productive member of society—but in the beginning, it can be terrifying. It’s totally normal to feel like you don’t quite know what you’re doing or where to start, which is why the […]
No one likes to plan for the potential demise of a relationship when things are going great. This is equally true when the relationship in question is the foundation of your business, as is often the case in a Limited Liability Company, or LLC. Perhaps we fear a self-fulfilling prophecy—by acknowledging that there could be a situation in which a […]
