Lobb & Plewe Attorneys At Law

business law Archives

Succession Planning: Structuring a Successful Plan With Tax and Non-Tax Considerations

No business should operate without a succession plan in place. The succession plan should have its imprint on the day-to-day operations of the business. Once you have a succession plan in place, the implementation of that plan will integrate itself into the fabric of decision making. Importantly as well, the timing of your succession will become real and tied to something other than a loose idea of someday transitioning out of your company.

Four tips for business owners facing potential litigation

When your business interests are threatened by the prospect of litigation, you need to know what to do in order to protect your investment. We have seen many companies who failed to realize the impact that litigation has upon a business's day-to-day operations, resulting in significant harm that is difficult to overcome.

Forming and operating your business

When starting a new business, you will want to decide whether to operate your business as a sole proprietorship or as a separate person by forming an entity. In rare instances, operating as a sole proprietorship is sufficient. However, in the vast majority of instances, you will want to form an entity to operate your business because, amongst other things, operating as an entity provides you, as the owner, protection from personal liability for the entity's debts and obligations, provided you observe corporate formalities in maintaining the entity's separate legal identity. 

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Corona, CA 92883

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