The time has come to move on from your business. Perhaps it's time for retirement, a new adventure, or simply a change of direction. As a business owner, you have two primary options for exiting your business: succession planning or selling the business outright. Each...
In the coming months, I will be discussing this Act in depth with my business clients, but I wanted to provide a general overview or introduction to a law that was signed in 2021 but will not go into effect for reporting purposes until January...
When a loved one passes, the last thing we want to do in the middle of the grieving process is to think about what responsibilities or steps are necessary as a result of the death. But when you get past the initial stages and have...
At some point, every business owner has thought about or should think about what happens to their business beyond them. Some business owners want to plan for business succession planning to make sure the business stays in the family. Others have a plan for a...
As we celebrate our 8th year of business at J. Miller Law Firm and it also being the month of Thanksgiving, I am reflecting on the journey to get here as well as going forward into 2023 and beyond. I started my business at the...
“We’ve been friends forever. We’ll always get along.” “I don’t think we would ever fight about money.” “We’ll just split everything 50/50.” “My spouse can just take over the business if something happens to me.” The statements above are just a few of the things I have heard over...
If your business took advantage of obtaining an Economic Injury Disaster Loan (EIDL) over the last couple of years, and you are now considering selling your business, one of the issues you need to address early in the process is what happens with that loan....
Whether you are getting your home ready for sale or just making some repairs or improvements, most of us at one time or another will hire individuals on a contract basis to remodel or repair our homes. Before the work starts and any payment is...
Probate is an often misunderstood topic, but simply stated, it is the court process of overseeing the distribution of assets and payment of debts after someone dies. Probate is required when the deceased person owned assets solely in their name. When there is a Last...
If you are one of the many people who have a resolution for 2020 to finally get that estate planning started (or finished) – congratulations! Committing to that decision is a great first step. Deciding how and who you are going to use to complete...