Protect Your Blindside. We hear this term in sports, but how does this relate to running a business? It’s all about risk management. One important way to protect your blindside in business is to ensure contracts are reviewed before signing. Never blindly sign a...
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Leveraging Your Board of Advisors
Advisory boards can add value in multiple areas, including growth strategy, market development, technology deployment, operational excellence, capital raising, etc. Your board members are selected based on the array of skills, expertise, experience and relationships...
It Doesn’t Have to be Equity
For closely held businesses – including family-owned businesses – providing equity is not always the right answer for rewarding key employees. In the Business Law practice at WCN, we advise and counsel owners on how to achieve the goal of recognizing and rewarding key...
Building an Advisory Board
In our last article related to the benefits of an advisory board, we discussed the importance of selecting board members with a diverse and relevant range of qualities and experiences. Click here to read the second article in this series. One of the key attributes of...
Creating Value Through a Board of Advisors – The Benefits for Entrepreneurs and Early-Stage Companies
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...
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,...
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