The story that everyone is talking about: Jeff and MacKenzie Bezos and their divorce. In a prior blog, we discussed that the Bezos’ didn’t have a prenuptial agreement and what that meant for the division of their property. Washington, their state of residence, is a community property state. As a reminder, with the community property [...]
“Everyone listen up! I’m laying down some ground rules!” – words no child ever wanted to hear. Whether it was, “No running by the pool!” or “Quiet voices in the house!”, as a child, these rules were meant to be broken. However, as a business owner—not so much. When forming a business, specifically an LLC [...]
According to Forbes Magazine, only one-third of all small businesses survive four years. The Small Business Administration cites better odds: up to fifty percent make it to year five. Starting and sustaining a new business is not for the faint of heart. Most businesses are born as the result of an “entrepreneurial seizure,” which Michael [...]
A Limited Liability Company, or LLC, is one of the most common types of businesses formed. The structure of an LLC offers both features of a corporation and the flexibility of a partnership, and the owners are referred to as “members”. Businesses often form an LLC in order to protect the individual from personal liability. [...]
You’ve busted your back to build your business and now you’re facing divorce. Is your business protected or will part of it belong to your soon-to-be-ex-spouse? And if he or she is about to get part of your business, how much will you have to give up or lose? Unless you have protected yourself with [...]
