Estate Planning for Entrepreneurs

On Behalf of | Sep 20, 2017 | Estate Planning And Probate

Our firm helps entrepreneurs realize their vision. A 2009 Wall Street Journal article by Kelly K. Spors entitled “So, You Want to Be an Entrepreneur” addresses some of the challenges entrepreneurs face and the personality traits of proven entrepreneurs that help push emerging businesses through the fray.

  1. Are you willing and able to bear great financial risk?
  2. Are you willing to sacrifice your lifestyle for potentially many years?
  3. Is your significant other on board?
  4. Do you have a business partner?
  5. Are you comfortable making decisions on the fly with no playbook?
  6. What’s your track record of executing your ideas?
  7. How persuasive and well-spoken are you?
  8. Do you have a concept you’re passionate about?
  9. Are you a self-starter
  10. Do you have a business partner?

Regardless of whether a new entrepreneur is comfortable making decisions or cold calling potential clients and customers, a novice entrepreneur is unlikely to be comfortable handling the legal aspects of starting and maintaining a business.

For example, many entrepreneurs, especially those with that enviable peerless optimism, do not take time to prepare for unexpected setbacks. Young start-ups and developed businesses alike may experience one of the “3 Ds” that frequently derail the vision an entrepreneur has fixed so vividly in their mind: death, divorce, and disagreement. Taking an afternoon to consult with an attorney about what will happen in the event partners have a falling out or an accident deprives the business of a key individual can save a business incalculable hours, dollars, and heartache down the line.

Our firm welcomes people with a vision for their business and helps them address the legal needs that accompany the process of bringing that vision from a twinkling in the eye to a concrete business. By helping entrepreneurs select the best entity for their needs and minimizing taxes and drafting important documents like shareholder agreements and bylaws and putting together systems for keeping up with necessary evils like filing annual reports with the Secretary of State and keeping good company records, Robertson and Associates helps entrepreneurs focus on the parts of the business where they thrive.