Farmers Insurance Agent Presentation

Business-Attorney-Los-Angeles

Attorney Douglas Schreiber is a highly respected legal professional with extensive experience in the formation of business entities, such as corporations and limited liability companies and the operational and other issues they encounter.  He is a partner at Hymes, Schreiber and Walden, LLP, a prominent law firm located in Los Angeles, California. Attorney Schreiber also has a wealth of experience in dealing with complex business litigation and business entity operational and contractual issues.  His expertise is highly sought after by clients ranging from small businesses to large corporations.

Recently, Attorney Schreiber was invited to speak to a group of Farmers Insurance agents from District 44 about the various forms of business entities and the importance and benefits achieved by operating one’s business in a corporate or limited liability format. During his presentation, he shared valuable insights and practical advice on why one might choose to operate in a corporate or limited liability company format as opposed to a sole proprietorship.

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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.

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