Key takeaways Main Street businesses – those with fewer than 500 employees whose owners run day-to-day operations – are feeling the squeeze from 2025’s challenging economic climate. The combination of rising inflation, increasing interest rates, and ongoing trade tensions seems to be generating a perfect storm for these small businesses. I am a lawyer, a…
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Running a closely held business requires more than your vision and hard work. It demands careful documentation, accurate records, and financial transparency. Yet, many business owners underestimate the importance of record-keeping—until it’s too late. Poor record-keeping can cripple a business, leading to legal disputes, tax penalties, and financial ruin. In my years of practice, I…
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