Category Archives: Business Succession

How Your Marriage Can Impact Your S Corporation

Marital status can impact your S Corporation more than you may realize.

Before starting your business or changing its status, make sure you’re aware of all the implications this has for you and your spouse.

Community Property and Asset Co-Ownership

Community property is the designation given to any asset that a married couple owns together, regardless of the...
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5 Steps to Take When Winding Down Your Business

There are many reasons business owners close up shop, including retirement, starting a new venture or, hopefully, because they’ve won the lottery.

No matter what the reason, it’s important to diligently wind down a business before moving on.

This process can be emotional and overwhelming, so here are five steps to take to start moving toward your...

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Small Law Firms Make a Big Difference

When it comes to law firms, bigger is not always better.

The definition of a “small” law firm can change depending on the location and type of practice, but according to the American Bar Association, nearly 70% of all private sector attorneys work at firms with fewer than 20 lawyers. People may initially shy...
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Davis Law Group Celebrates Small Business Week

May 4 - 8, 2015 is National Small Business Week.

According to the U.S. Small Business Administration, Small Business Week has been recognized every year since 1963. This week “recognizes the critical contributions of America’s entrepreneurs and small business owners.” Right now is a great time to be a small business owner. The economy is growing,...
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