There are advantages and disadvantages to both options, so it is helpful to learn more before you make a choice. Here are some things to consider.
Read MoreYour business is your most important asset, and it is essential to make decisions that are going to help the company thrive and grow. When you are in business with a partner, you likely have a 50/50 partnership. In this case, both partners have an equal stake in the business, and both make decisions together. […]
Read MoreWhether a worker needs to be absent for medical reasons or when the company must reduce the workforce for a period of time, an employer may need to give a worker a leave of absence.
Read MoreWisconsin revised business laws in Chapter 183, and starting in 2023, new rules will take effect. The revised act covers all Wisconsin LLCs. If an existing Wisconsin LLC wishes to opt out, it must do so by December 31, 2022.
Read MoreWhile some people use the terms interchangeably, an estate plan and a business succession plan are two different things. An experienced attorney will help you select and implement the planning vehicles that are best for your situation.
Read MoreDissolution of a business is governed in Wisconsin under the Uniform Partnership Act and other laws. The specific laws that apply are based on the type of partnership that you have. Generally, you will need to submit dissolution paperwork to legally end the partnership.
Read MoreDeferred compensation plans can be beneficial to both employers and employees, but only as long as they follow the applicable laws.
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