“It Pays to Plan Ahead… It Wasn’t Raining When Noah Built the Ark”
Anonymous
Your Business is Your Life. Having a Good Business Plan IS Good Business.
It’s difficult to travel somewhere if you don’t have a plan to get there. Having a good business plan is like having a detailed map for a long road trip: if you take the correct path and anticipate the detours, the trip will be a lot smoother.
Your business plan should include:
- Partnerships for Asset Protection.
Creating partnerships will limit your exposure to liability now and avoid losses to your business and family in the future. - Corporate Formation
Forming a corporation can limit your exposure to lawsuits and reduce your overall liabilities. - Document Drafting
Proper legal preparation of your corporate documents, employment contracts and non-compete agreements can be crucial to the protection of your work product. - Business Succession Planning
Implementing a plan in the event of your death, illness, or incapacitation.
Establishing a structured business plan should be a top priority for any business regardless of its size. Like a well-run relay race, the management and handing over of a company should be a carefully planned and strategized transition. It must be well executed if it is to be successful.
At Wild, Felice & Partners, PA, we are able to provide a full range of legal services to our business clients. Whether buying a new business, selling an old business, or operating a current business, our lawyers are trained to examine all aspects of business planning and see to it that all possible issues are addressed. We pride ourselves on providing accurate advice for your specific business needs.
For more information on how to shield your business from risk and liability, contact our South Florida law firm for a free consultation at (954) 944-2855. It’s a Wild world. Are you protected?