It is a new era for college student-athletes, who can now (as of July 1, 2021) profit from their name, image, and likeness (NIL). A change to the long-standing National Collegiate Athletic Association (NCAA) policy that prohibited athletes from making money has abruptly—and dramatically—altered the landscape of NIL in collegiate athletics. The NCAA has long been criticized […]
Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model. However, these businesses present different types estate planning challenges because their rights and obligations are spelled out in contractual agreements. What Is a Franchise? When you purchase […]
If you are a restaurateur, you have crucial demands on your time, but you should still find the time to create an estate and business succession plan. If you become ill or suddenly pass away, who will run the business in your stead? Is there someone else who is authorized to make payroll, pay your bills, […]
Today we welcome guest blogger Natalie Lynch to share important information about Veteran-Owned businesses in Texas. There is great news for Texas veterans who want to be business owners. Back in 2015, the Texas legislature passed Senate Bill 1049, which allows qualifying Texas veterans who have been honorably discharged to incorporate their businesses in Texas with […]
Most business owners have their estate planning prepared because they are worried about what will happen to their business after they are dead. However, proper estate planning has the added benefit of allowing you to make plans for what will happen if you are incapacitated or needing to be away from your business for an extended […]
For many employees, saving for retirement is usually a matter of simply participating in their employer’s 401(k) plan and perhaps opening an IRA for some extra savings. But, for business owners, planning for retirement requires proactivity and strategy. It’s not just the dizzying array of choices for retirement accounts; there’s also planning for the business itself. […]
Retiring from your business can a tough decision. To ensure that what you have built continues on, there needs to be a plan for succession. For some people, they have spent years grooming a child or other family member to take over, wanting the business to stay in the family. Others look to sell to a […]
Michael Bond, who passed away back in June of 2017, was an author and the creator of the adventurous, sweet and captivating character, Paddington Bear. Bond created the marmalade-loving bear from the “darkest Peru” in the late 1950’s out of his memories of refugee children in the Second World War. He wondered what would happen if an […]
