Tips For Succession Planning In Your Family Business

If you're the founder of a family business, your focus is probably on getting things done on a day-to-day basis. However, it's important that, as you get older, you start thinking about how the business will continue when you want to retire. Succession planning is vital for any company, but when you are working with family, this kind of planning can be a challenge. Use these tips so that your business can continue to flourish when you pass the reins to another relative.

3 Reasons To Hire A Probate Lawyer

Dealing with the distribution of an estate after a loved one has passed on can often be a very difficult and complicated process, mostly because there are a huge number of issues that can come up. Listed below are three reasons to hire a probate lawyer to help you deal with the distribution of an estate. Handle Disputes Between Beneficiaries One of the biggest reasons to hire a probate lawyer is to get some help dealing with potential disputes between beneficiaries.

3 Reasons To Offer Seller Financing When Selling Your Business

If you are thinking about selling your business, it's a good idea to consider offering seller financing. Basically, this means that you will "carry the note" and accept the monthly payments from the buyer instead of asking for a full payment up-front, which often requires financing. These are a few reasons why this might be a smart decision when selling your business. 1. Make Your Business Easier to Sell Finding a buyer for your business can be challenging, which can leave you with your business up for sale for a long time.

Your Business: What To Do A Patent Troll Comes Calling

Patent trolls misuse patent rights in unfair or unethical ways, and they often do not actually supply the services or manufacture the products that the patents cover. They may purchase patent rights from companies that are in financial trouble and then proceed to strictly or unjustly enforce the terms of the patent against other businesses. They will then demand outrageous payments for use of a needed technology, product, or service. There are some things you can do however, to keep an patent troll from severely impacting your business.