How to Avoid the Nightmare of Giving Up Business Ownership

Business Attorney in Los AngelesContinuing from our last post, Pitfalls of Giving Up Equity in a Business Venture, Ownership of your business is key. It is the symbol of your own hard work and passion, and security for the success of your future decisions. The more ownership you give up, the more you assume the responsibilities to other parties who can hold up your progress, especially if they have selfish or malicious intentions.

Don’t make life more complicated. It at all possible, avoid giving away ownership. To help you in this key strategy, here are some basic tips:

  1. Work with you attorney to develop a rock solid Buy-Sell Agreement that protects your interests and decision making capabilities.
  2. Include stock option plans, profit participation programs, bonuses, and incentive-based programs to mitigate equity grants.
  3. Evaluate key man insurance, disability policies, and other strategies that emphasize employee benefits without giving away ownership.

Ultimately, you gain more control and fewer headaches when you own more of your business. If you would like to learn more about the pitfalls of relinquishing business ownership and options to help you avoid them, please contact us at (818) 501-5800 or our schedule a consultation with our business attorney in Los Angeles.

The URI to TrackBack this entry is: https://ankerhymesschreiberllp.com/2017/04/19/how-to-avoid-the-nightmare-of-giving-up-business-ownership/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s