by Dave Duringer - Protective Law Corp | Dec 5, 2016 | Asset Protection, Business Succession, Career Preparation, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Venture Protection
Family businesses spend an extraordinary amount of time and capital (financial, human and intellectual) on skill building and education within the family system. Rising members of the family system must master many different skills. Some of these skills can be...
by Dave Duringer - Protective Law Corp | Nov 30, 2016 | Asset Protection, Entity Formation, Estate Planning, Limitation of Liability, Venture Protection
While it should go without saying, a business owner should intentionally choose its structure and tax status and accept the related tax and governance implications. Inadvertently forming the wrong entity could have costly consequences. In this case, it seems...
by Dave Duringer - Protective Law Corp | Nov 19, 2016 | Asset Protection, Business Succession, Career Maintenance, Career Preparation, Estate Planning, Family Maintenance, Family Protection, Financial Mentorship, Venture Protection
When conflict arises between family and business goals, the natural inclination to minimize it can lead to a pattern of dysfunctional communication and greater conflict. The common practice of triangulation rarely leads to resolution of underlying issues and can be...
by Dave Duringer - Protective Law Corp | Oct 21, 2016 | Asset Protection, Business Succession, Buying or Selling a Closely Held Business, Estate Planning, Venture Protection
You’re likely familiar with the basics of private equity investing: PE funds invest in private companies and other assets with the aim of later selling their stakes at a profit, typically after five to seven years. The term “private equity” encompasses a wide variety...
by Dave Duringer - Protective Law Corp | Sep 6, 2016 | Asset Protection, Business Succession, Estate Planning, Venture Protection
If you constitute a significant part of your company’s value (a/k/a a Consequential Owner), and you have left the scene, there will likely be few buyers interested in your company, and those who are will likely pay significantly less than they would had you been an...
by Dave Duringer - Protective Law Corp | Sep 1, 2016 | Asset Protection, Business Succession, Estate Planning, Venture Protection
Take these steps to coordinate your planning efforts. Source: Eight Steps to Align Your Estate and Succession Plans | Wealth Management If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we...
by Dave Duringer - Protective Law Corp | Aug 17, 2016 | Asset Protection, Business Succession, Estate Planning, Venture Protection
Good article in this month’s Trusts & Estates on how a family constitution helps to ensure successful family succession of family business: August 2016 | WealthManagement.com If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when...
by Dave Duringer - Protective Law Corp | Jul 28, 2016 | Business Succession, Buying or Selling a Closely Held Business, Venture Protection
Need help? ExitLegal.com If you want to sell your online business, you’re going to require a strategy. There are a lot of different elements you need to be thinking about, and all of your records need to be up to date and in order. The sale process can be daunting; so...
by Dave Duringer - Protective Law Corp | Jul 26, 2016 | Archived, Business Succession, Career Maintenance, Career Preparation, Family Maintenance, Family Protection, Venture Protection
Trump has long relied on his children in business. Ivanka, Don Jr. and Eric all hold executive positions at the Trump Organization, working in side-by-side-offices a floor below their father’s.That same family-driven model has extended to politics. Trump’s...
by Dave Duringer - Protective Law Corp | Jul 26, 2016 | Career Maintenance, Career Preparation, Family Protection, Venture Protection
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jul 25, 2016 | Asset Protection, News & Commentary, Regulatory Compliance, Venture Protection
The concept of Title III was sound in theory; it should foster entrepreneurship and provide small businesses access to needed capital from a larger pool of investors. But Congress over-regulated the bill, and the requirements to comply with the regulations of Title...
by Dave Duringer - Protective Law Corp | Jul 21, 2016 | Archived, Family Protection, Venture Protection
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jul 21, 2016 | Archived, Family Protection, Venture Protection
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jun 28, 2016 | Asset Protection, Creditors & Predators, Entity Formation, Income Tax, Tax Planning, Venture Protection
The IRS recently released temporary regulations clarifying that an employee of a disregarded entity is liable for self-employment tax if the employee is a partner in the partnership that owns the disregarded entity. See Treasury Decision 9766 (May 4, 2016). Source:...
by Dave Duringer - Protective Law Corp | Jun 28, 2016 | Venture Protection
It is great to be here. I’d like to thank Alumisource and all the amazing workers here for hosting us. Today, I am going to talk about how to Make America Wealthy Again. We are thirty miles from Steel City. Pittsburgh played a central role in building our...
by Dave Duringer - Protective Law Corp | Jun 27, 2016 | News & Commentary, Venture Protection
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jun 27, 2016 | Venture Protection
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jun 27, 2016 | Business Succession, Venture Protection
Based purely on the article, it appears Galardi’s involvement is mere happenstance and given her background is the exactly what a good business succession plan (http://ExitLegal.com ) tries to avoid, but in her case this seems to have worked out great. Her...
by Dave Duringer - Protective Law Corp | Jun 6, 2016 | Business Succession, Venture Protection
Too often, advisors consider a buy/sell agreement to be a succession plan. Many advisors feel they are covered if they identify a buyer to take the reins in the case of their unexpected demise or an involuntary exit from the business. But a succession plan is not...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Retirement Planning, Tax Planning, Venture Protection
What Is a Tax Inversion? A tax inversion involves a corporate deal between a U.S. corporation and a foreign corporation. For this purpose, the foreign corporation purchases the U.S. corporation. These deals sometimes involve a purchase of the U.S. corporation’s stock...
by Dave Duringer - Protective Law Corp | May 31, 2016 | Regulatory Compliance, Venture Protection
Good advice, and not just for gun dealers: Your typical customers display consistent behaviors and have consistent conversations, even when they’re first-time firearm purchases. When you don’t see or hear that consistency, trust your gut!Those of us in the retail...
by Dave Duringer - Protective Law Corp | Apr 25, 2016 | Business Succession, Venture Protection
As the world mourns the tragic death of Prince, we here at WealthManagement.com are no different. We’ve decided to have some fun and pay tribute to His Purple Badness the way we know best—with a gallery about wealth planning! Here’s a look at seven (get it?)...
by Dave Duringer - Protective Law Corp | Feb 29, 2016 | Regulatory Compliance
During our FFL compliance visits, we are often asked about how to determine if the members of the store team are prohibited from being in active or constructive possession of firearms. In this article we will explore three components you may want to consider adding to...
by Dave Duringer - Protective Law Corp | Feb 8, 2016 | News & Commentary, Venture Protection
Women who conceal carry couldn’t find what they need, so they’re launching their own startups tailored to lady shooters. Source: Women are reshaping the gun industry – Feb. 2, 2016 If attacked, do you want to be Victor or Victim? At SacredHonor.US,...
by Dave Duringer - Protective Law Corp | Jan 28, 2016 | News & Commentary, Regulatory Compliance
If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of skill at arms. David R. Duringer, JD,...
by Dave Duringer - Protective Law Corp | Jan 27, 2016 | News & Commentary, Regulatory Compliance
Though he acquired a C&R in 2014, this collector’s license does not allow one to deal in guns as a business even if they meet the ATF’s test for being a curio or allow one to be “engaged in the business” of selling more modern firearms. In effect, when selling a...
by Dave Duringer - Protective Law Corp | Oct 13, 2015 | Archived, Limitation of Liability, Operation & Governance, Venture Protection
The Court of Justice of the EU has just ruled invalid the entire US-EU Safe Harbor regime for cross border transfers of personal data. High tech companies involved in such transfers will want to keep a close eye on this and get counsel immediately. Follow...
by Dave Duringer - Protective Law Corp | Aug 16, 2014 | Business Succession, Creditors & Predators, Limitation of Liability
Set up your business with tax planning, estate planning, asset protection, and family protection in mind. In this economy, you need every competitive advantage, and your competitors are not standing still when it comes to tax planning. Estate planning and business...
by Dave Duringer - Protective Law Corp | Aug 16, 2014 | Business Succession
Your business is most likely a major asset and source of income to you and your family. However, it is probably not properly protected from life events of the co-owners, due to lack of an exit strategy. Most business owners would be shocked to discover what happens to...