Embracing 2024 – Resolutions for Business Owner Clients and Estate Planning Clients

Tulsa business lawyer

Embracing 2024 – Resolutions for Business Owner Clients and Estate Planning Clients

The beginning of a new year symbolizes a fresh start—a chance to set new goals, pursue aspirations, and fortify our foundations. For business owners and individuals alike, this is an ideal time to consider the invaluable benefits of robust business and estate planning.

Business Owners:
Entrepreneurship embodies dreams, hard work, and dedication. As you steer your business through the evolving landscape of opportunities and challenges, safeguarding its future becomes paramount. Whether you’re a startup, a thriving enterprise, or a family-owned business, effective legal planning is the cornerstone of longevity.

Commit to Legal Compliance
Ensure your business remains compliant with local, state, and federal regulations. Make it a resolution to conduct regular audits, reviewing licenses, permits, and contracts to mitigate potential legal risks. This also means getting prepared for reporting with the Corporate Transparency Act.

Prioritize Contractual Clarity
Resolutions should include a commitment to crafting and reviewing contracts meticulously. Seek legal counsel to ensure clarity, specificity, and protection of your business interests in every agreement.

Embrace Risk Management Strategies
Identify potential risks that your business may face and resolve to develop strategies to mitigate them. This could involve obtaining appropriate insurance coverage, implementing cybersecurity measures, or establishing protocols to handle disputes effectively.

Foster Long-Term Planning
Set a resolution to focus on long-term business planning. This may involve succession planning, considering expansion opportunities, or restructuring to optimize efficiency and profitability.


Estate Planning:
Your legacy extends beyond the confines of your business or your personal finances —it encompasses your loved ones, your values, and your lifetime achievements. Estate planning allows you to shape this legacy and ensure that your wishes are honored.

Review and Update Estate Plans Regularly
Commit to reviewing and updating your estate plan regularly, especially after major life events like marriage, divorce, births, or significant financial changes. Ensure that your plan aligns with your current wishes and circumstances.


Communicate Intentions Clearly
Resolutions should involve clear communication with your estate planning attorney, your chosen representatives/trustees, and beneficiaries and family members regarding your estate plan. Discussing intentions openly can prevent misunderstandings or disputes in the future.

Consider Legacy Preservation
Beyond the legalities, consider resolutions aimed at preserving your legacy. This could involve philanthropic endeavors, creating family traditions, or passing down values and stories important to you.


Seek Professional Guidance
Resolve to seek advice from legal professionals in estate planning. They can provide invaluable insights and ensure that your estate plan is comprehensive, legally sound, and aligned with your objectives.


As the new year unfolds, may these commitments guide you towards a year of prosperity, security, and legal peace of mind. Here’s to a successful and legally empowered year ahead! How can we help you this year?


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