Success in business requires planning, commitment, and a strategic approach. Many new businesses take at least two or three years to turn a profit and twice as long to truly hit their stride.
If you’ve created a business, you know that success doesn’t happen overnight. But do you know what will happen to your business if something unexpected impacts you or when you decide to step away?
By: Theresa M. Skaine, Esq.
Corporate Planning to Acquire, Merge Businesses, or Close Out
As a business owner and corporate law planner, I’ve witnessed the excitement and potential pitfalls involved in buying or selling a business. Whether you’re looking to expand your portfolio through acquisition or considering selling your hard-earned venture, there are important legal aspects to consider before diving in. Proper legal planning can make all the difference in ensuring a smooth transaction and protecting your interests.
The Business Planning team at Pierro, Connor & Strauss would like to inform you about the recent enactment of the Corporate Transparency Act (CTA) and its implications for business entities. The CTA, which went into effect on January 1, 2024, is a significant development aimed at enhancing corporate transparency and preventing illicit financial activities.
Running a small business can keep you busy, but it should not keep you from creating an estate plan. Having a valid, legally enforceable and well thought out plan in place is important for everyone to make a priority, especially small business owners. Not having a plan in place can cause problems for your business and your family after you are gone.
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