Blog — Business + Corporate Services

Tuesday, July 12, 2016

Key Elements of a Family Business Succession Plan

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

There are a number of critical elements you need to consider for any business plan. The following are six key areas your family business succession plan needs to address.

First, make sure you address your own personal retirement...

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Tuesday, July 12, 2016

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

There are a number of critical elements you need to consider for any business plan. The following are six key areas your family business succession plan needs to address.

First, make sure you address your own personal retirement planning. Without this step, it is hard to know how long you may need to continue working in order to build your retirement resources, or how much money you can expect to have when you are ready to retire. Going through the retirement planning process...

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Sunday, June 5, 2016

Businesses Can’t Agree Not to Poach Employees

It might be tempting to formally agree with other business owners in a niche field not to poach one another's employees, but it is illegal – and recently, some businesses have paid a high price. Eight hospitals in the Detroit area paid $90 million to settle claims that they had exchanged information with one another about how much they paid their nurses. The hospitals had allegedly conspired to limit...

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Tuesday, April 26, 2016

How to Avoid Common Legal Mistakes

Many small businesses, especially entrepreneurial businesses or start-ups, resist acknowledging the legal realities that might make or break their business. No matter what a business does, in some way, shape or form, it always involves the law. As a result, a business owner can choose to look at legal issues as a burdensome cost of doing business, or look at the law as a tool to be leveraged just like any other asset in a business that, with the right legal...

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Tuesday, March 15, 2016

Why Law Matters to Your Business

Law takes care of the creativity, structure and relationships that make your business healthy and vibrant. The legal tools that do this are things like contracts and copyright/trademark laws. That’s a pretty compelling “why.”

Law also takes care of your business in two basic ways. First, it protects your business from unfair competition and from individuals engaging in illegal activity such as fraud. Second, the law...

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