Can You Afford to NOT Get a Partnership Agreement?

A partnership agreement is an investment in the future of your company. Its main job is to help you avoid losing money to disputes, arbitration, and litigation. In order to see how truly valuable a partnership agreement can be, let’s compare the relative costs of arbitration or litigation to the cost of a well-drafted partnership agreement.

You Are Thinking about Estate Plan Maintenance All Wrong

Estate plan maintenance is a lot like automobile care. Basic maintenance, such as oil changes, is necessary to keep your car running smoothly. But you’ll also occasionally need to make specialized repairs, if the tires are bald, for instance, or the timing belt snaps. Your estate plan needs periodic oil changes, as it were, but it also needs new spark plugs or brakes every so often. In other words, estate plans need both basic maintenance and specialized repairs.

Don’t Close Down Your Law Firm When You Can Cash Out

If you are one of the thousands of attorneys nearing retirement age, think carefully about how you want to exit your law practice. Before you decide to “close down” and walk away with nothing, you should consider all the benefits of “cashing out.” With just a few extra steps, the right help, and the right advisors, you can scale and sell your law practice with about the same mental and emotional hassle as just closing the doors.