Category Archives: Business Succession

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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A Brief Explanation of Limited Liability Companies

1.  What is a Limited Liability Company? A limited liability company or “LLC” is a business entity that is designed to offer co-owners of a business who make a proper filing with the state, freedom from personal liability for the debts of the business, the debts of each partner, the option to manage the business...
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