Is the name of your business unique?  Does it describe what you are doing?  Are you operating your business as a numbered company?  Many people do not like numbered companies if they are used as (more…)

The economy is slowing down and you have to work double the hours to earn the same amount of money.  Your partner is unwilling to do the extra work to keep the business profitable.  You are in a specialized (more…)

A buy sell agreement should be customized to your particular business but you should talk about the following topics in your buy sell agreement: (more…)

Do you have a partner who you no longer get along with?  Are you starting to have different interests and you feel that our partner is not putting the same effort as you into the business?  Can you get out?  When (more…)

When times were good, you purchased key man life insurance on the owner of the business.  When the market is tough and cash flow of the company is slowing down, should you cancel your insurance?  (more…)

We all assume that our businesses will continue to operate but as I indicated in my blog yesterday, unforeseen tragic events do happen.  Are you prepared if the owner of the business dies?  Will there be (more…)

If you own your own business and are the only person with signing authority in your company, what happens if you have a premature death.  Many years ago, a client of mine was 35 and had a heart attach and (more…)

Any business for sale which you purchase has a risk that the business will decrease under new ownership.  Some of the existing sales are from friends and relatives which may not continue in the future.  If the (more…)

If you are looking for a business for sale, you can look a everything available.  You may be very interested in a particular industry but if you know that particular industry is very volatile at the moment, why would you (more…)

When you have a family business and several children you have to decide which child or children will be the heir apparent or do you go outside the business to bring in a professional manager?  Remember, often, the (more…)