Archive for June, 2009

Business Succession Planning

Thursday, June 11th, 2009

One of the most important concerns facing business owners today is how to effectively transfer the business to the next generation of family, a key employee or a new owner.  Business succession planning seeks to create a plan to manage all the aspects of the transfer, making sure the transition is smooth and non-disruptive to the business.  In family businesses, one of the most important aspects of business succession planning is making sure communication lines are open and the relationships are appropriately addressed.  Unfortunately, too often succession planning is not addressed early enough or neglected completely resulting in significant complications at the time of the desired transfer.  Succession planning should be considered well before the anticipated exit time so that proper planning and structure can be put into place.  Below are 10 important issues to consider when think about business succession planning. (more…)

Piercing the Corporate Veil

Friday, June 5th, 2009

You have probably heard that observing corporate formalities is very important to protect you from “piercing the corporate veil” but what does that really mean and what should you do as a business owner or manager to ensure corporate formalities are complied with in an appropriate manner? (more…)

The Death of ‘Reply All’

Friday, June 5th, 2009

Email is a powerful tool for business.  However, the ease of using email can also be a curse when mistakes are made.  In my experience, one of the most seemingly innocent, yet problematic tools in email is the ‘Reply All’ feature. (more…)