Protect Your Business or Medical Practice From Internal Fraud

Fraud Internal

Business and medical practice owners and managers must be aware of internal fraud and embezzlement that often capitalizes on recurring year-end cycles in revenue, spending and inventory and a lack of regular oversight. I covered some of the external fraud scheme you face at year-end in another discussion including a detailed look at invoice fraud.  While I provided […]

Negative Publicity: Crisis Management for Businesses, Medical Practices

CRISIS

Issues in the news like the recent Ashley Madison data dump prove how negative publicity related to your practice or  the personal activities of any of its owners or employees, can have devastating effects on your professional reputation and financial solvency. Regardless of the cause, every business and medical practice owner and manager should understand some PR crisis […]

Year-End Tax Plan Sales Targeting Doctors, Business Owners

Year End Sales Hustle

The last quarter of the year is historically an active time for physicians and business owners and their tax, legal and financial advisors. Given increased regulatory issues, I.R.S. scrutiny and increased fraud, it’s vital that you do some basic due diligence before you pull out your checkbook. Doctors are heavily solicited for a variety of tax and […]

Employment Review Tips for Your Medical Practice or Busienss

EMPLOYEE LAWSUIT LIABILITY

A new year is a logical time to a handle a variety of employment related issues. Employee reviews are a key part of the process that will help you manage liabilities and encourage continued success and performance. We’ve covered a variety of employment related issues ranging from the basic steps all business and medical practice owners and […]

What Baby Boomers Must Know About Selling Their Business

Susan Wells

We provide asset protection planning for many types of people. One of my favorite types of client is the successful business owner who is ready to sell and enjoy the fruits of their hard earned labor. Contrary to popular advice, your liability does not end at the sale and one of the things I’m always […]

Dating Website Faces $20 Million Lawsuit Over Employee Injury for Typing

A key area of asset protection planning for our 1000’s of business owner clients is the danger of employee lawsuits. Ashley Madison dot com was recently sued over a repetitive motion injury allegedly incurred by an employee that makes up the fake profiles on the site. She was then photographed rising jet-skis and engaging in […]

Crisis Management Plans for Business Owners and Doctors: Personal Saftey

PREPAREDNESS, DEFENSE &  PERSONAL SECURITY

The recent tragic events in Washington, Colorado and Wisconsin are just three examples of the realities that leaders and executives of medical practices must be prepared to deal with in an effective and organized way. Unfortunately for most of us, the first time our name is in the newspaper is usually not a happy event; […]

Private Offerings, Crowdfunding and Raising Capital – Asset Protection and Liability Issues to Avoid

 A big part of asset protection is risk management, or doing things the right way the first time to avoid future expenses and legal exposure. Many of the HNW private business owners and entrepreneurs I deal with have shared their success with others by raising capital for various projects and allowing others to invest in […]

Protecting Your Business: Trade Secrets and Intangible Assets

Attorney Scott Gibson, Davis Miles McGuire Gardner, PLLC

Convert Your Intangible Assets Into Corporate Crown Jewels Many businesses have substantial amounts of intangible assets in various forms that comprise a good portion of the business’ value. Today we turn to Attorney Scott Gibson with Law firm of Davis, Miles in Tempe Arizona for guidance on how to do so in a safe and reliable […]

Personal Guarantee Insurance for Doctors, Investors, Business Owners

REAL ESTATE #2

Personal Guarantee Insurance for Doctors (and everyone else) Source: Physicians Practice Non-medical business exposures that threaten doctors’ financial solvency continue to grow in scope and number. This week we take a look a relatively new type of risk-management product: Personal Guarantee (PG) Insurance. We’ve covered both exposure related to residential and commercial real estate debt […]