Musings From Your Favorite Attorney
I recently hit the fourth anniversary of opening my own legal practice. It's an occasion to be celebrated when, according to the Bureau of Labor Statistics,
fully 20% of small businesses don't survive even their first year. And 40% fail within the first three years. If you own a small business that has been around for 10 or 15 years, kudos to you! You are a rare bird indeed! But if you are tending a fledgling business, or one that is just starting to take wing and fly, how can you avoid becoming one of those tragic statistics? That is precisely the question that motivated me to open a legal practice dedicated to small business - to the
solopreneurs and mom & pop shops who otherwise wouldn't seek out legal counsel and protection. Because I don't ever want access to solid legal advice to be the reason a small business doesn't survive out there in the jungles of commerce. Did you know that you can start a small
business with the odds of survival stacked in your favor?!? By creating a solid business plan, managing your cash flow, and getting your legal protection in place, you can not just survive, but thrive! For more information about creating or updating your business plan, check out my blog post. May the odds be ever in your favor! Until next time. With gratitude, Cheri
|
|
|
Begin with the End in Mind Many small business owners, still a long way from considering retirement, may think that future focused planning can wait. And solopreneurs who are within five to ten
years of retirement may believe that they’ll just allow their business to die quietly. So they aren’t worried about succession or passing on the business. But consider this worst case scenario: what if you, a young healthy entrepreneur with a promising future, end up in a tragic car crash that takes your life. What happens to your business and clients then? Do your heirs even know how
to find your client list to notify them? Creating a business succession plan will allow your business to continue operations when you are no longer able or willing to. Whether it’s time for retirement, you become permanently incapacitated, or you die, having a succession plan in place will secure your legacy. To learn more about business succession planning and what to include in your plan, read my blog post!
|
|
Corporate Transparency Act Workshop Avoid hefty fines and prison time! Get compliant with the Corporate Transparency Act! Do you know how it affects you as a small business owner? Do you know how to be compliant with FinCEN BOIR reporting? If this all sounds like gibberish to you, I've got you covered! Here's your formal
invitation to the Corporate Transparency Act Workshop where you'll learn what exactly this new regulation is and how it affects you as a small business. In this half-hour workshop, you will learn - what the Corporate Transparency Act
is,
- why you WANT to be compliant,
- what you need to do to be compliant with the Act,
- and what information you'll need to fill out the Beneficial Owner Information
Reporting (BOIR) for yourself, or provide to me to fill it out on your behalf.
I'll also walk you through the BOIR on the FinCEN website, so you can feel comfortable filling out the form on your own. In just a half-hour, you'll
have all the information you need to get compliant with this new legislation! This is a small group workshop, so seats are limited. The workshop will be held via Zoom and requires advance registration. There are several different sessions to choose from! Register now to save your seat!
|
I've been very busy behind the scenes writing the second edition of Smooth Sailing: An Essential Guide to Legally Protecting Your Business. The second edition is revised and expanded (as in double the amount of
material). In fact, it's really a whole new book! And since the book has "grown up," so has the cover and subtitle. It has gone from a "practical" guide to "an ESSENTIAL" guide for small business owners and I can't wait to get it out to the world. In fact, Smooth Sailing is scheduled to launch on May 2, 2024. But I need
YOUR help!!! I need launch partners for May 2nd to share about the book on social media and to their newsletter lists. Can I
count on your help? Just click below to get on my launch partner list.
|
|
|
For the month of March my chosen charity is Girls Empowered. Girls Empowered, a local charity, empowers girls from
elementary grades through high school in the Doylestown PA area by providing them with the knowledge, skills, confidence, and resources to stand up for themselves, make positive choices, and be in control of their own future. I love that their mission is helping to set up our future
leaders for success!
|
|
|
#SimpleAbundance You are an artist of the every day. Each choice you make is another brush stroke on the canvas of your life. Every time you try
something new, you are adding to your well of inspiration. Let's Talk Legal, my private Facebook Group, is a place to discuss the legal aspects of running a small business in an open, honest, supportive community of like-minded small business owners. If you are a member, engage! Ask questions, share business advice, join in
discussions, invite your fellow business owners! If you aren't a member join now... We'd love to welcome you!
|
Was this newsletter forwarded to you?
Sign up for your own copy!
This newsletter is for informational purposes and does not constitute legal or financial advice. I f you need legal or financial advice, please consult a professional.
You are receiving this newsletter and offerings from Cheri Andrews LLC because you signed up for the newsletter or have had prior dealings with us. If you don't wish to receive the newsletter, you may unsubscribe at any time.
|
|
|
