5 Steps to Take Right Away to Increase the Future Sale Value of Your Business

Running a business takes a lot of work. If you are a business owner and think the time may be approaching when you’ll want to sell the company sometime in the next few years, it is a good idea to start preparing now. There are many steps you can take today to increase the value of your business in years to come. The following five steps will help you to get as much money as possible when you decide to sell. Create Read More

Want to Be a Business Owner? Learn the Advantages of Building a Startup vs. Purchasing an Existing Business

If you’re thinking about breaking away from life as an employee and starting your own business, you are likely looking at building a new business from scratch. While that is a great option in many cases, it is also smart to consider buying an established business and building it up from there. Learning about the advantages of each option will help give you the best chance of success. Advantages of Starting from Read More

Amy Hoffman Featured on Local Shopping Showcase

Attorney Amy Hoffman was recently interviewed on Local Shopping Showcase where she talks about the firm and what led her to become a lawyer. Check it out! Read More

Was Your Business Served with a Lawsuit? Here’s What to Do

If your business has been served with a lawsuit, it can be a very scary experience. Your actions immediately after being served can have a significant impact on how the coming weeks or even months will go. While a lawsuit is never a fun experience, if you take the following five steps right away, you can make sure your business is in the best possible position to get through the suit without any significant Read More

The Advantages and Disadvantages of an S-Corp Tax Election

When starting a business, there comes a time when you need to determine the type of legal entity it should be. This will have many implications for the business, especially when it comes to how taxes need to be paid. For many entrepreneurs, an S-Corp seems to be the ideal solution, and in many situations, it really is. Understanding the advantages and disadvantages of an S-Corp can help you to make the right decision Read More

5 Essential Elements of a Construction Contract

Crafting a construction contract is a nuanced and oftentimes complex endeavor, but no contractor should ever engage in any type of construction work without having one in place. Like the structure they are seeking to build, these kinds of contracts will be unique and customized, but they should always include certain elements no matter the nature of the job. Here are five essential things that should be included in Read More

So You Want to Buy a Business? Ask the Seller These 4 Questions First

Buying an existing business can often be a strong investment or savvy business move. Unfortunately, too many buyers do not do enough homework beforehand and end up in over their heads or with a dud of a business and buyer’s remorse. Doing your homework ahead of time and thoroughly researching your potential new company will not only help you make an educated decision, it will also help you run the business more Read More

A Brief Introduction to Business Arbitration

As a business owner, disputes are probably not something new to you. Whether with customers, subcontractors, suppliers, or employees, when interests collide problems often arise. Thankfully, you have a number of options when you want to resolve your business dispute within the legal framework. You can go the litigation route where you take your case to the courts and have a judge make a legally binding decision or Read More

You’ve Decided to Sell Your Business…Now What?

There are many reasons why you could decide to sell your business. It could be that you are looking to end partnership disputes, retiring, or just cashing out to work on another idea you have. Regardless of the particular reason, you will definitely be looking to get as much for the business as you can while avoiding any legal pitfalls. Here is a checklist of five steps that will help you achieve that: Valuation Read More

Yes, You Do Need an Operating Agreement

Many states do not require you to have an operating agreement for your Limited Liability Company (“LLC”). Washington falls into this category, but that most certainly does not mean you do not NEED an operating agreement. Many states do not require motorcyclists to wear helmets, but that does not stop helmets from being lifesavers. If you want to give your business the best chance to succeed and prepare it for any Read More