Somewhere between writing a business idea on a café napkin and actually starting a business, there’s an exercise you need to take to ensure success – finding the right legal and business model. Sometimes, despite vast experiences in business, an entrepreneur might overlook certain legal considerations that could actually save him tons of money and headache. In the world of business, entrepreneurs will always face several “red flags’ and obstacles. James helps us identify some common issues in this article

An unplanned exit of a business owner (who is the key person and decision maker of the business) creates problems for the business, which may be serious enough to threaten its survivability. Without proper planning, the business may go into a death spiral, which marks the end of the business. In this article, Chris explains the consequences of a business owner’s exit due to death and disability, and gives his professional advice on how business continuation can be planned. As a result, not only the firm will continue to operate and grow, the business owner will also be able to fund all his/her family’s financial objectives.

If you have not made any plans to pass on the baton when you retire, retain the business within your family or to sell it away to third parties upon your unfortunate demise, you cannot depend on your business at all, to meet your financial goals. Read this article to find out what needs to be done.

Know your assets, Start a business.