{"id":2209,"date":"2019-10-24T20:08:18","date_gmt":"2019-10-24T20:08:18","guid":{"rendered":"https:\/\/barthattorneys.com\/?p=2209"},"modified":"2019-10-24T20:10:36","modified_gmt":"2019-10-24T20:10:36","slug":"is-your-business-sick","status":"publish","type":"post","link":"https:\/\/barthattorneys.com\/is-your-business-sick\/","title":{"rendered":"Is Your Business Sick?"},"content":{"rendered":"

\u201cBusinesses don\u2019t die, they commit suicide.\u201d <\/strong><\/em><\/span><\/p>\n

Have you heard this phrase before? It\u2019s pretty ugly to watch a company implode – electricity gets shut off, payroll is slashed, and resumes start flying out the door.<\/span><\/p>\n

Even if we are not talking about a failure of the business, it can be unbearable to work at a company that is poorly run and disorganized. For sure the owner and key executives are probably losing sleep and stressed out constantly.<\/span><\/p>\n

Last week, I wrote about why companies fail and had experts in tax planning and asset protection reveal the issues they see that destroy businesses. You can watch that discussion here<\/a><\/span>.<\/span><\/p>\n

Since that last blog, I have been getting a flood of questions from owners asking how they can best tighten up their foundation and processes. They have connected with our team of experts and are now getting some high level input.<\/span><\/p>\n

If you own a business or advise others who do, then you know that entrepreneurs are hyper focused on growth, marketing, and product\/service development. What these entrepreneurs don\u2019t do very often is to take a step back to assess if the legal foundation is in place to ensure long-term health of the company.<\/span><\/p>\n

The pitfalls associated with a poor legal foundation are many. Below could be:<\/span><\/p>\n