This is the first in a series of articles that explores why closely held businesses should seriously consider establishing an independent Board of Advisors. Future articles will examine related themes, including how to structure an advisory board; how to select and...
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Qualified Stock for the Closely Held Business
Federal Tax Benefits for C Corporations It would be amazing to have hindsight when initiating a business. Imagine being able to foresee the result of the business enterprise before it was started. Think of how that would influence your decision-making! We do not have...
Part 1: The Buyer’s Perspective – The Purchase and Acquisition of a Business.
Part 1 of 2 articles on buying and selling businesses; Adam Jacobs, Esq., details the process and preparation that goes into purchase and acquisition. Decision to acquire a business and Goals. There are many reasons you may decide to buy a business. Regardless of the...
Part 2: Preparing Your Business for Sale or Transfer – Legal Review and Planning
Content: Part 2 of 2 articles on buying and selling businesses; Adam Jacobs, Esq., details the issues and process of preparing for a business sale or transfer. Understanding and identifying legal issues and problems in advance and, where possible, taking corrective...
Upkeep and Maintenance of Your Limited Liability Company
You have started a new enterprise or invested in income producing property and discovered how simple it is to set up a Limited Liability Company (“LLC”). An LLC can offer significant limited liability protection by shielding you from personal liability with respect...
The final Spring 2021 Radio Entrepreneurs Panel as Stephen Wilchins and Others Discuss “Entitlement & Compensation Within Family Businesses” – Part 3
https://youtu.be/vNnrDwWsw0c The final panel in the Spring 2021 Radio Entrepreneurs Family Business Panel (FBA) discusses compensation within a family business. An ever present challenge as family businesses have the added complexities of personal relationships,...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Panel Discussion Spring 2021 “Hiring in Family Businesses” – Part 2
https://youtu.be/_dszOO7ZJUA The second in the Spring 2021 Radio Entrepreneurs Family Business Panel (FBA) series focuses on hiring in family businesses. Watch this panel as Stephen Wilchins, founding partner at WCN, and the other panelists discuss the important...
Attorney Stephen Wilchins is back on the Radio Entrepreneurs Panel Discussion Spring 2021 “Family Politics, Generational Transition & Sibling Rivalry” – Part 1
https://youtu.be/O39Y_MSgWYg The Spring 2021 Radio Entrepreneurs Family Business Panel (FBA) kicks off with the panel speaking to family politics, generational transition and sibling rivalry. In the first of three panels for Spring 2021, Stephen Wilchins, founding...
Upkeep and Maintenance of Your Limited Liability Company
You have started a new enterprise or invested in income producing property and discovered how simple it is to set up a Limited Liability Company (“LLC”). An LLC can offer significant limited liability protection by shielding you from personal liability with respect to...
Stephen Wilchins Participates in Family Business Association Panel Discussion, “Closing Out 2020 and What to Plan for In 2021”
Attorney Stephen Wilchins of Wilchins Cosentino & Novins LLP recently participated in the Radio Entrepreneurs FBA Panel Discussion on Family Businesses 2020 & 2021. Jeffrey Davis of Mage LLC hosted a new segment on Radio Entrepreneurs with Rich Hirschen of...
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