Corporate Transparency Act

Corporate Transparency Act

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 …

Estate Planning for Small Business Owners

5 Estate Planning Tools for Small Business Owners

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 …

5 Ways to Use AI Tools for Startup Businesses

5 Ways AI Tools Can Transform Your Startup or Small Business

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, …

Separating yourself from your business.

Entity Crisis: The Reason You Need to Separate Yourself from Your Business

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 …

5 Ways to Increase Your Cash Flow

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 …

How to choose the right entity for your business

How to Choose the Right Business Entity Structure

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

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 …

Maneuver Litigation: A Marines’ Approach to Dispute Resolution

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 …

Tips for Developing Business Emergency Plans

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 – …

The Framework of a Deal

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. …