Understanding Business Law with Archangel Law Group’s Attorneys Steve Green, JD and Christian Blank, JD As a business owner, you are probably aware of the many legal issues that may arise when running your enterprise. Whether you are an entrepreneur starting a new venture or an established business founder, it is essential to have the … Read more
When you set up a new business, it’s important to know the legal steps involved. The laws associated with launching a new business vary by state and can be complex. In Virginia, new business owners must pick a unique name, apply for Virginia licenses and more. Business law can be tricky, so it’s always a good idea to work with an attorney licensed in your state.
The time for a succession plan is not when something happens to affect your business. The time to plan is before anything happens.
Imagine finding out that your business partner has suddenly died. The shock and grief alone would be overwhelming. But you also have your company and its employees to consider. Questions start coming up about the company and its future, finances, and ownership. Do you have a plan if tragedy strikes your business?
Business succession planning answers the question, what happens now?