Going Into Business with Your Family and Friends

*This will be a live online workshop via Zoom* 

The presenters will provide a lively discussion on common mistakes people make that can be very costly. Their advice is particularly helpful for older adults who are contemplating business ownership or who currently own or manage a business.

The following are eye opening scenarios inspired by real life situations that will be covered during the event:

DO NOT permit younger family members or friends be designated as a successor in your business or estate before you have observed them running your business or managing your investments.

DO NOT start up a business with family members or friends who have debt or spending issues, even if they assure you they have seen the error of their ways.

DO NOT transfer ownership or management of your business to family members or friends without considering what your estate plan does. The transfer of ownership of a Texas business can result in your wealth transferring to that person regardless of what your estate planning documents say including life insurance, IRA's, and 401(k)s.

DO NOT transfer ownership of a business to family members or friends simply because they have the professional or vocational licenses required by Texas law to operate a business until you are sure they are a trustworthy business partner.

 

This is a free webinar but registration is required. After registering, your confirmation email will contain information about joining the webinar.

 

Presented by Terry Belt and Laura Fowler
 
Terry has practiced law for 43 years and is a top producing attorney at The Fowler Law Firm, PC., where he specializes in business law and estate planning. Belt has earned two Texas Supreme Court victories and is board certified by the State Bar of Texas. 

Laura is the Managing Shareholder of The Fowler Law Firm, PC. She is a regular speaker to real estate and business groups and an instructor licensed to teach continuing education courses required by the Texas Real Estate Commission.

Register Now!

Cancellation Policy: 

If you need to cancel you must notify us via email 7 days prior to the workshop date. A confirmation of your cancellation will be sent once it is received. Calling the SCORE Fort Worth office is not acceptable for a cancellation notice. All no-shows or cancellations after 7 days will lose their paid workshop fees. 

All workshop fees must be paid in advance prior to workshop date. For security purposes we will not be able to accept payment for workshops at the door unless workshop is being held at James E. Guinn complex in Fort Worth, TX.  

CANCELLATION NOTICES MUST BE IN WRITING AND EMAILED TO: Jenny Day at ch.admin0120@scorevolunteer.org. Any other means of cancellation will not be accepted.  

SCORE is a resource partner with the SBA 

SCORE is a 501(c)(3) non-profit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. We have been doing this for over fifty years. Because our work is supported by the U.S. Small Business Administration (SBA), and thanks to our network of 10,000 volunteers, we are able to deliver our services at no charge or at very low cost. 

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.