Navigating the Future: 7 Questions for Small Business Owners on Succession Planning
As a small business owner, you likely view your enterprise as not just a short-term economic venture but rather a legacy built on hard...
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Fiffik Law Group, PC
- Jul 24
- 4 min
Changing Your Business Name: Steps to a Smooth Transition
Changing the name of your business can be a pivotal moment in your entrepreneurial journey. It can also be a royal pain in the butt. ...
Fiffik Law Group, PC
- Jul 12
- 6 min
Business Purchase Roadmap
There are two common ways to buy a business: a stock purchase or an asset purchase: In a stock purchase, you buy the company (whether a...
Fiffik Law Group, PC
- Mar 22
- 3 min
Understanding the Duty of Loyalty Owed by Members of a Limited Liability Company
In business, the concept of loyalty extends beyond customer relationships to encompass the duty that partners owe to their own...
Fiffik Law Group, PC
- Apr 12, 2023
- 3 min
5 Crippling Mistakes to Avoid When Starting Your Business
According to the U.S. Bureau of Labor Statistics, nearly 1 in 5 businesses fail within the first year, and more than 55% of all...
Fiffik Law Group, PC
- Jul 22, 2022
- 4 min
Pass Your Business Free of Inheritance Tax
The greatest part of America's wealth lies with family-owned businesses. According to the US Census Bureau, family firms comprise 90...
Fiffik Law Group, PC
- Jul 13, 2022
- 5 min
Personal Guaranty Loopholes
Obtaining financing is one of the biggest challenges facing business owners. Virtually every bank will require a personal guaranty before...
Fiffik Law Group, PC
- Mar 18, 2022
- 2 min
Are You Ready to Franchise Your Business? Costs for First Year of Franchise Sales
Total Estimated Costs for Initial Franchise Sales: $22,500 to $75,500 The franchise sales stage comes right after the franchise...
Fiffik Law Group, PC
- Mar 10, 2022
- 3 min
Are You Ready to Franchise Your Business? Costs to Franchise Your Business
Total Estimated Costs to Franchise Your Business: $20,000 to $100,000 The franchise development stage is the stage where you go from...
Fiffik Law Group, PC
- Feb 28, 2022
- 3 min
Are You Ready to Franchise Your Business? Steps In The Franchising Process
1. The Franchise Assessment: Is Your Business Franchisable? Since franchising starts with you, your business and your goals, the first...
Fiffik Law Group, PC
- Feb 15, 2022
- 1 min
Sorting Out Complex Family and Financial Situations
Take a look at your life and your assets to see if you fit into one or more of these situations that can impact your finances: You're in...
Fiffik Law Group, PC
- Jan 25, 2022
- 5 min
Can I Remove Myself From an LLC?
It may be impossible to predict if or when a business arrangement will break down. Businesses often run into problems. Getting out of...
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