There is no time like the present to protect your business. As a solo business owner, you must take the time now to protect your business before it is too late. Unforeseen events can happen at any moment; you need to prepare yourself and your business for the worst.
If you are not able to work for any reason, then your clients are not serviced, their questions are not answered, their needs are not met, and their matters are unresolved. Some clients may be willing to withstand a short period Read more [...]
This is a response to a recent inquiry on whether a cosignatory is permitted on attorney trust, escrow and special accounts in New York:
We have found that neither the Rules of Professional Conduct nor the New York State Bar Association (“NYSBA”) Committee on Professional Ethics have addressed whether a cosignatory attorney is permitted on attorney trust, escrow, and special accounts. Nevertheless, relying primarily on the Planning Ahead guide, our position was and is that a cosignatory is Read more [...]
Most solos view their practice merely as a source of income. However, a law practice is much more; it is a business with an asset value that deserves to be protected and can be sold. Once this point of view is understood and accepted, the need to plan to protect their clients, business and family becomes apparent. But if a law practice is a business with an asset value, then how is it valued, how is that value protected and eventually accessed?
In the following, we will discuss law practice valuation. Read more [...]
As a solo practitioner, you know if you do not show up for work, the work is not done. The responsibility of your business is entirely yours. If for some reason – disability, incompetency, death, etc. – you cannot perform your responsibilities or duties as a business owner, your clients and customers suffer, and so does your business and reputation. If client matters are left unresolved, the client is going to find another business to fulfill their needs. Loss of clients and customers means loss Read more [...]
The Proposed New Uniform Court Rule on the Appointment of Caretaker Attorneys (“Proposed Rule”) fills a critical gap where solo practitioner attorneys (“solo attorneys”) fail to plan for an “inability to practice.” Such inability to practice may result from suspension, disbarment, incapacity, temporary or permanent disability, death, or disappearance. Read more [...]
My Solo Plan™ is a comprehensive contingency, continuity, and succession plan that keeps your practice operating, your clients represented, and your business asset protected, when you are mentally or physically disabled or in the event of your death.
Attorneys created My Solo Plan™ for attorneys, CPAs, other professionals, or anyone with a solely owned business.
My Solo Plan™ gives you the essential tools and legal documents necessary to keep your business running until you can return – or have it sold for a proper value.
Contact MY SOLO PLAN™
Law Offices of Robert G. Bruechert
Amityville, New York 11701
Phone: (631) 691 2600
Fax: (631) 691 2662
Mobile: (516) 729 0105
Monday through Friday 9AM - 5PM