Protecting Financial Interests with Effective Business Planning
Business Entities
Are you thinking of starting your own business? Are you already a small business owner? One of the most important business considerations is
what type of business entity you are. There are many business operating models ranging from the sole proprietor to partnerships, corporations and
LLCs.
Are you operating your business in the model most advantageous for you?
If you're not sure,
contact me. I can review your
business plan and help you decide what's best for you.
Buy-Sell Agreements
Have you thought about what happens to
your business when you leave? Are you so focused on running and growing your business that you haven't given this more than a passing
thought? Sooner or later, you'll need to ponder this. It's better to start sooner.
There are two ways to exit your business: by
choice or by circumstance. If you leave by choice, you'll likely retire or sell. If you leave by circumstance, you may have a
disability or an acute, chronic or terminal illness. If you don't have a plan for your exit, your business may not survive. Or, if you own your business with someone
else and that person dies, you may suddenly find yourself in business with that person's spouse or kids.
Savvy business owners have
buy-sell agreements. Buy-sells are a planning tool that allow you to decide in advance what happens to your business when you exit. Buy-sells can
be created for corporations, partnerships, LLCs and even sole proprietors.
Contact me and we can discuss
how a buy-sell agreement can work for you.
Press Law Office, PLLC
Associated Bank Building
5353 Wayzata Blvd,
Suite 606
St. Louis Park, MN 55416
Phone: 612.338.8927
We represent individuals, married couples, domestic partners and small business owners
throughout the greater Twin Cities metropolitan area.
