This post was contributed by a community member. The views expressed here are the author's own.

Community Corner

Small Business Owners Need Big Protection

Small Business Owners Need Big Protection

A small business owner works day and night to foster business success. This work effort requires planning ahead, setting goals, following a plan of action.

If you are a small business owner, you know how valuable you are to the success of your company. Your daily work effort supports a community of people. Your community are the customers, employees, vendors, other businesses and family members who depend on your business operation.

Find out what's happening in New Port Richeywith free, real-time updates from Patch.

The value of your company can be at serious risk in the event of catastrophic illness or injury. Yet many small business owners do not have a legal plan of action. Who operates your business when you can’t? Who legally pays the bills and keeps your business running? How are your asset’s best protected during such a crisis?

A legal plan of action should define how you want your property and business to operate when you are unable to work. It can legally identify your temporary successor until your recovery. It can identify your business strategies. It can prevent costly disruptions to your business. It can include protection of assets, possible tax benefits and assure smoother transitions during catastrophic illness or injury.  It makes good business sense.

Find out what's happening in New Port Richeywith free, real-time updates from Patch.

To develop a legal plan of action that is good protection for you, consult with an estate planning attorney who understands small business. A thorough consultation with an attorney that understands your business needs can assist you with your asset protection and provide you with peace of mind. For a free consultation or to arrange an appointment, please contact Wayne K. Ekren, Esquire. Ekren Law, PA is located at 9330 Regency Park Blvd.. Port Richey, Florida. Telephone is 727-845-0700 or email wayne@ekrenlaw.com. FLORIDA BAR NO. 569615

 

We’ve removed the ability to reply as we work to make improvements. Learn more here

The views expressed in this post are the author's own. Want to post on Patch?