The family succession plan paradox

Do you plan to pass ownership of your company to your children when you retire? If so, do you have a succession plan already in place? Approximately 75% of participants in a 2016 survey of family-owned businesses intended to pass ownership to the next generation, but...

Pursuing a commercial tenant for unpaid rent

When a commercial tenant fails to pay his or her rent, you have options for what you can do. Often, the main approach is to take the tenant to court to collect damages. According to the American Bar Association, you should take the time to assess the situation before...