If you start a company and decide on 50/50 split ownership with a good friend or business associate, one of two things inevitably occur. The new business is either successful or within the first few years it struggles to generate profit and falls apart.
Every single discipline, profession and job has a cutting edge. At that cutting edge, lines are drawn. Lawyers and judges are society’s ultimate line drawers. On one side of the line, the conduct, action, or procrastination is appropriate; on the other side of the track, it is not.
Many lawyers use various social media platforms for professional development and networking. LinkedIn is one of those important platforms for the purposes of professional development and network expansion.
Today, an entire industry revolves around corporate structuring, asset protection and tax planning to ensure individuals are removed as far as possible from findings of personal liability, while at the same time, lawfully reducing or deferring tax obligations.