The Corporate Transparency Act: What Business Owners Need to Know There’s a new standard in place for virtually every company incorporated or registered to do business in the United States. Beginning on January 1, 2024, all legal entities and organizations are bound by the Corporate Transparency Act, which requires them to disclose information about their owners, officers, and controlling persons. Read …
If you’re a small business owner, estate planning might be the last thing on your mind. The day-to-day running of the company is likely filled with payroll concerns, marketing metrics, and attracting the right kind of talent to boost your growth. Unfortunately, many small business owners who put off estate planning don’t realize that they’re putting everything they’ve worked for …
Whether you welcome new technology, fear our new robot overlords, or don’t know what to think about AI integration, there’s no denying that 2023 is fast becoming the year of artificial intelligence. The rise of programs like Grammarly© and ChatGPT© using natural language processing to provide nearly-human responses is taking the world by storm. As a savvy entrepreneur, you’re probably asking, …
Your business wouldn’t exist without you, but that doesn’t mean you and your business are one and the same. For you to maximize the benefits of owning your own company, it’s essential that you maintain two distinct entities: your business, and you as its employee. Thinking of your business in this way has many advantages. One, you have a better …
Monopoly©. One of the best ways to learn about starting a new business is through this board game. This life-like game not only teaches how to strategize but when to buy or when to sell as well as educates some of the fundamentals of your cash flow. Is it better to own one of Park Place or Boardwalk or the …
Do you remember as a kid having a lemonade stand? It seemed so simple to sell lemonade. All that you needed was a sign, customers, and lemonade, right? As a kid, you didn’t think about how the customers were going to hear about your business (marketing), where you are going to get money to make the lemonade (financing), or what …
Dispute resolution is a term used to describe how problems are fixed or corrected. In order to best advise clients, we take the time to understand the nature of the problem the client is facing. We learn more by listening to the client than by giving recommendations. The conversation next turns to what the client wants the final state of …
From the courtroom to the boardroom, our goal at Yolofsky Law is to help clients achieve their goals quickly and efficiently. Trust, technology, and communication are the key fundamentals that enable our firm to successfully maneuver clients through legal disputes. Starting with the end in mind. Before a strategy for dispute resolution can be formed, we must begin with a full understanding …
Friday nights are typically spent winding down the week by trying to organize the chaos of corralling small children. A bit to my surprise, my wife remarked, “there are police cars in front of the house, what’s going on?” True enough, when I looked out the window there were actually 4 police cars in the vicinity of the house – …
Donald Trump published a book many years ago titled “The Art of the Deal.” Dozens of articles are published every year about negotiating a better deal. This past week, the United States announced that a framework of a deal to restrict Iran’s ability to obtain nuclear weapons. However, the details still need to get worked out before June 30, 2015. …
