March 2017 Archives

Should you have a litigation 'war chest'?

It is common for businesses of all sizes to be mindful of the constant threat of litigation. Unfortunately, we live in a litigious society, so the specter of being dragged into a lawsuit is a legitimate concern. As the old adage goes, the more time you spend litigating a matter, the less time you spend making money. Because of that alone, litigation should be viewed as a last resort.

Attributes of a well-drafted buy-sell agreement

Although many baby boomers are opting to remain working upon reaching retirement age, there are certain considerations that business owners should make to ensure their companies remain viable in the future. Planning for contingencies does not need to be tied to an exit strategy; however, those who are prudent will develop strategies for addressing situations that have not yet appeared on the horizon.

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