Business owners in Louisiana and elsewhere should take time to prepare themselves prior to selling their companies. If they know what the company is worth, it generally makes it easier to spot a fair deal and walk away from the business feeling content. To determine...
Baton Rouge Legal Blog
Month: May 2018
How to create a successful estate plan
Often, estate plans fail to produce as their creators believed that they would. The good news is that many of the failures can be prevented. Typically, an estate plan doesn't work because of human error or some other human element to the plan. For instance, a...
Reducing distracted driving among truckers
Distracted driving is all too common in Louisiana and the rest of the U.S., with cellphone use alone causing 26 percent of all crashes in the country. Every day, according to data analytics firm Zendrive, an estimated 69 million Americans use their phone at least once...
Common myths about starting a business
Starting their own business is a dream for many Americans. Maybe you have a big idea you are dying to get on the market, or you want to make your side-hustle a full-time job. Regardless of the business idea, starting your own business can also seem like a big...
Estate planning errors that should be avoided
There are a number of people in Louisiana who could be making estate planning errors. Of course, one of the most common errors is neglecting to have an estate plan at all. If property owners die without a will or a trust, the state determines who gets what assets....
Succession planning aids business owners nearing retirement
At some point, business owners in Louisiana will need to think about retirement. Stepping away from a business could involve selling it or passing the reins to a family member or other successor. Both situations require careful planning to consider issues such as...
Choosing between an LLP and an LLC
If you are starting a new business, you have many different ways of organizing it to suit your situation. If your organization is a partnership of some kind, one of the most important choices you have to make is whether you want it to be a partnership or a...