Archive | Business Planning

Is a Family Limited Partnership Right for You?

As a small business owner, you should consider the importance of asset protectionFLP when creating your financial plan.   We live in a litigious society where there is no shortage of people looking for targets.  Taking the necessary steps to protect your assets will go a long way in not becoming one of those targets.  Continue Reading →

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The Best Partnership for Your Business

Business planning starts with determining what type of entity your business will be.  The legal definition of a
partnership is an association of two or more persons to carry on as co-owners of a business for profit.  There are two basic types of partnerships, partnershipgeneral partnerships and limited partnerships.

While creating a partnership agreement isn’t required, it’s a smart thing to do.  A written partnership agreement helps to avoid misunderstandings between partners.  Failure to have a written agreement will result in default rules based on the states statute.  Establishing a written agreement is the perfect opportunity for partners to discuss various aspects of the business and expectations of each partner. Continue Reading →

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Oakstone Law
14710 Tamiami Trail N, Suite 102
Naples, Florida 34110
Tel: 239.206.3454