As you likely know, I have always felt that basic rules of self defense apply almost perfectly to good legal and financial planning.
The best way to avoid losing a lawsuit, for instance, is to never be in one in the first place.
The simple article below addresses conflicts between partners and ways to avoid or handle them. We have seen this issue create devastating results to the detriment of all parties involved.
Your partners are smart, financially able to cause you harm, and likely know more about you and your assets than your own spouse. This is all bad news. Cooperation, communication and proactive conflict resolution is key. Please take a few minutes to review this and pass it on to your friends in the business.
Physicians’ Practice — How to Talk to Your Partners
Avoiding conflicts can lead to unprofessional conduct. Here’s how to effectively diffuse disagreements and preempt disputes.
Yours, Ike
November 22, 2009 at 8:47 pm
I’ve been interested in taxes for lengthier then I care to acknowledge, both on the individual side (all my working life-time!!) and from a legal standpoint since satisfying the bar and following tax law. I’ve provided a lot of advice and rectified a lot of wrongs, and I must say that what you’ve put up makes impeccable sense. Please persist in the good work – the more people know the better they’ll be armed to comprehend with the tax man, and that’s what it’s all about.