My Blog
Business law'
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Posted on Thursday, April 05, 2012 2:50 PM
 At some point there will come a time when your business will need to bring in help. Maybe your company has grown to the point where the workload is too big for you and your employees to handle, or you just landed a large project which temporarily needs extra attention. It might even be the case where you need to delegate certain tasks and processes to others so that you can concentrate on sales or management. One of the increasingly popular options would be to outsource the work to another company or individual. |
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Nina Stillman: Posted on Wednesday, February 29, 2012 6:09 PM
 Whether you own a business or any other valuable
asset, it is important to have a succession plan to make sure that your assets
live on in safe hands. A Self Cancelling Installment Note (SCIN) can be a very
beneficial and creative way of setting up a succession plan. A SCIN works in a
similar fashion to an installment sale with some key differences. Under such a
succession framework, the party setting up the plan sells an asset to one or
more family members or buyers. The buyers pay for the asset in installments in
the same way that they would under an installment sale, but upon the death of
the seller, the remaining balance is canceled. |
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Nina Stillman: Posted on Wednesday, October 26, 2011 5:06 PM
 The other day I was at my mother's house with my sister and my mom pulled us into her bedroom and sat us down. It was a little scary, but then she pulled out all of her jewelry and said its time to have some fun! She wanted us to tell her which pieces we wanted when she was no longer here and to tell us what she had already set aside for my niece. I reminded her that she also needed to put something aside for my brother even though he was not there with us. It brought her joy to hear the stories that we associated with the jewelry, hear her stories of pieces that had been handed down to her and peace of mind for her to know that her prized jewels were going to be in good hands. |
Attorney, Life Insurance, Business, Business law', business valuation, corporation, exit strategy, sale of business, succession planning, retirement, Family Business
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Nina Stillman: Posted on Tuesday, October 18, 2011 8:35 AM
 It is National Estate Planning Week! (ok so we had to declare it for ourselves!) What is estate planning and what are the basics you ask? Why is it important? Estate planning is a process utilizing the advice of trusted advisers to assist you with decisions about how to protect and distribute your assets(including your business if you own one) when you pass away, who should pay your bills and take care of your monetary affairs for you in the event that you are living but unable to take care of them yourself, and also who should make medical decisions for you based upon your wishes in the event that you are injured but cannot communicate your desires clearly. |
Wills, Estate Planning, minor children, Life Insurance, tax savings, Business law', business taxes, buy sell agreement, corpoation, corporation, dissolution, exit strategy, partnership, sale of business, succession planning, taxes, trusted advisor, disability, retirement, guardians, power of attorney, Charity, asset management
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Nina Stillman: Posted on Thursday, October 13, 2011 1:55 PM
 I have been blogging about business law and estate planning issues for a few months now and one client asked me " I love your posts but why do you do it? Why do you get out of bed and do this work everyday?" I realized that I have not told my story to too many people so here it is... I am the daughter of an entrepreneur/business owner who, while he may not have known it at the time, taught me so much about business and I have always wanted to do something with what I have learned from him. |
Attorney, Estate Planning, tax savings, Business, Business law', business taxes, business valuation, corporation, exit strategy, Limited liability, LLC, partnership, sale of business, succession planning, taxes, trusted advisor, retirement, Trust, compassion
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Paul Berlin: Posted on Thursday, October 06, 2011 4:17 PM
 A formal buy sell agreement is between owners of a business to determine how the ownership of the business shall be disposed of upon the death or other circumstances of exit of one of the owners. The owners commonly use life insurance to fund the value. With two business owners, a cross purchase plan is the preferred method of ownership of the life insurance. This is where partner A owns a policy the life of on Partner B and vice versa. These policies are individually owned, and can be paid for from company money. |
Estate Planning, divorce, married, Life Insurance, tax savings, Business, Business law', business valuation, buy sell agreement, contracts, corporation, dissolution, exit strategy, financing, Limited liability, LLC, LLP, partnership, succession planning, trusted advisor
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Nina Stillman: Posted on Tuesday, September 20, 2011 8:02 PM
 You would sound an alarm if someone walked off with half of your money or your household possessions right? If you are a business owner with partners and have not put a Buy/Sell Agreement in place you could watch part of your business walk right out the door and never know what hit you. A Buy/Sell Agreement is a must. This is an agreement between business owners that spells out the terms by which any of you are allowed to be compensated for your share of ownership of the business upon certain events occurring. |
Attorney, Estate Planning, divorce, married, Life Insurance, Business, Business law', business valuation, buy sell agreement, corporation, dissolution, exit strategy, financing, LLC, LLP, partnership, sale of business, succession planning, bankruptcy, criminal, disability, fraud, retirement
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Nina Stillman: Posted on Thursday, September 15, 2011 8:03 PM
 Just like moving into a new house, starting a business can be so exciting! Getting your concept off the ground and going gets the adrenaline pumping!!! But what about the formation of your business and making sure the foundation is strong and stable? You buy homeowner's insurance to protect your new house - so why would you not get the same type of insurance policy for your new business.... yes, you would get property and casualty insurance, but your business lawyer can provide a huge amount of protection as well. |
Attorney, Business, Business law', business taxes, business valuation, buy sell agreement, compliance, contracts, copyright, corpoation, corporation, dissolution, employment, exit strategy, financing, leases, Limited liability, LLC, LLP, partnership, patent, real estate, regulations, sale of business, service mark, succession planning, taxes, trade secret, trademark, trusted advisor, vendor
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