Archive for Family
Recommended Reading on the Health Care Crisis
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The current health care debate that is being engaged in across the country is so important because it impacts every person and every business in important ways. While I am generally conservative in my political leanings (with libertarian smatterings – and even an occasional liberal thought), I won’t be using this blog to further any political purposes, other than to support free enterprise.
Nevertheless, I thought I would share one of the most intelligently written and carefully thought-out pieces that I have read on the state of health care in the United States. Everybody seems to agree that the system is broken, but there are disagreements about “what” is actually broken, and how to fix it. The article, How American Health Care Killed My Father, written by David Goldhill and published in the September issue of The Atlantic, makes a powerful statement about the real problems in our nations health care system, and proposes a unique solution that nobody in Washington D.C. is discussing.
No matter what position you find yourself taking in the current political debate, Goldhill will assuredly challenge your assumptions and make you re-think your position. I know it had that impact on me.
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10 Keys to business survival in a recession It seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today's economic crisis, and there isn't much in our...... - Should You Hire Yourself? When you make the decision to start your own business, this is a really THE critical question. The answer to this question should consider several different factors: If you currently have a job, what problem is going to be solved by leaving it? If you are leaving your current job......
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Anna Nicole Smith: A legacy of not planning for the future
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There is an Associated Press article on Law.com about the mess that Anna Nicole Smith left behind for her estate. In addition to the paternity suits, DNA tests and jurisdictional wars between the Bahamas and the U.S., there is also the highly personal tragedy of an infant daughter who will never know her mother. This tragedy, and the uniqueness of Smith’s life underscores the need for proper and up-to-date estate planning.
Related Posts - The Problem with Series LLCs The new, Series LLC abandons the comforts of asset protection precedent, and introduces a new, completely untried and untested concept into which uninformed promoters and unwary business owners are stumbling. The Series LLC is an exciting new development in business entity law that is currently getting a lot of attention......
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11 Ways to Protect Yourself in Business Business is riskier than ever these days. The economy is a mess, credit markets are tight, taxes are high - and likely to go higher, the courts are clogged with frivolous lawsuits, and attorneys seem to rule the world. What can you and I do about it? Fortunately, we......
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The Lost Art of Giving Thanks
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My appreciation for the Thanksgiving holiday has matured over the years. There was a time when all Thanksgiving really meant to me was a great meal by my grandmother that inevitably turned into an eating contest with my younger brothers, followed by a football game on TV as we lay on the floor, writhing in the bloated discomfort of our engorgement. Then we had pie.
I find myself a lot more contemplative these days about Thanksgiving. It really isn’t about the turkey dinner or the football game anymore. And, while my thoughts during Thanksgiving – and the entire holiday season, for that matter – turn increasingly toward my family, I am also reminded that sincere expressions of gratitude are a tremendous source of both internal and external power in business settings as well.
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Your Business Checkbook Doesn't Tell You Everything It can be a real challenge for a new entrepreneur who doesn't regularly balance his or her personal checkbook to adjust to the demands of business accounting. Business accounting is a critical discipline that the business owner either must learn and adopt - or must outsource to someone else. No...... -
Cut out excess sources of adrenaline Adrenaline is a powerful substance that has a strong impact on the body. From Wikipedia: Epinephrine is a powerful action, "fight or flight", hormone and also plays a central role in the short-term stress reaction. It is released from the adrenal glands when danger threatens or in an emergency, hence......
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Family LLCs: Sharing the Wealth
Posted by: | CommentsFor years promoters have touted the use of Family Limited Partnerships (FLP) as a tool for owning and protecting assets and providing a mechanism for passing them on to the next generation. The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of entity. It isn’t. It is simply a Limited Partnership used for family purposes. Similarly, the LLC is becoming used for family purposes, which has coined the usage of the Family LLC.
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Related Posts - Recommended Reading on the Health Care Crisis The current health care debate that is being engaged in across the country is so important because it impacts every person and every business in important ways. While I am generally conservative in my political leanings (with libertarian smatterings - and even an occasional liberal thought), I won't be using......
- Average company juggles 37 lawsuits I don't know how I missed this one, but I'm glad I finally ran across it: the international law firm of Fulbright & Jaworski L.L.P. (whose company slogan is "When you think litigation insight, think Fulbright), released their second annual Litigation Trends Survey last October. It is a fascinating, 32-page......
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Husband & Wife Ownership of LLCs in Community Property States
Posted by: | CommentsI am frequently asked about the impact of a husband and wife owning the membership interest in an LLC in a community property state. It is and interesting issue that is unresolved in many respects.
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Protecting Your Credit in Economic Decline The "credit crisis" has become ubiquitous. It is being blamed for everything from home foreclosures to a plummeting stock market. Many individuals and most businesses are feeling the pinch from the credit markets today. Which is precisely why it is so important to carefully manage and protect your personal and...... - It's Only a 5% Discount! Here is a worthwhile piece of advice from Sierra Management Solutions on the potentially devastating impact of discounting on your company's bottom line: Problem: The CFO was worried. For the past six months the company's margins had been dropping and now they were at the point where something had to......
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