Phoenix/Mesa, AZ (PRWEB) April 16, 2009
With the downturn in the economy, small business owners are searching for proven ways to preserve their competitive advantage, protect their assets and promote their business.
Scott Gibson, one of three founding attorneys of Gibson Ferrin & Riggs, PLC says their Phoenix/Mesa law firm has a solution. "Our small business clients recognize that protecting their trade secrets, commercial property and wealth is necessary, but is not sufficient to ensure their success. We teach them how to use these investments to grow their business into what they want it to be."
This leading law firm offers three keys (preserve, protect and promote) to help small business owners in today's troubled economic times:
Preserve your business by identifying areas that make your company unique. Phoenix has a large population of service-based companies that depend on trade secrets and other intangible assets to remain competitive. Make sure you have taken the necessary steps to preserve your intangible assets and then use non-disclosure agreements to discourage employees, vendors and partners from revealing those assets.
Protect your most valuable assets--resources and relationships. Use your estate plan and multiple business entities to minimize your risk of losing everything in the event of a prolonged downturn. "A common strategy we use with physician clients is setting up one limited liability company to own the medical building, another to own the medical practice and clientele, and a third to hold and protect the physician's personal accounts or other assets," states partner Michael Ferrin.
Promote your uniqueness to help differentiate your business. "Many Arizona law firms assist business owners set up corporations and prepare business agreements. What makes us different is we teach owners how to implement proven strategies and systems to leverage their uniqueness to generate additional income and increase their profitability, which is something every owner is looking to do," says Scott Gibson.
As a leading Phoenix/Mesa law firm, Gibson Ferrin & Riggs, PLC concentrates its practice on serving small business owners and their families with business related issues, estate planning and family law. The firm's expertise in business law, commercial litigation, estate law, and family law is recognized in the Phoenix/Mesa area. Gibson Ferrin & Riggs, PLC is celebrating its 10th anniversary.
For more information on how Arizona business owners can preserve, protect and promote their company, please visit: http://www.gfrlaw.net or call Frankie Vandehei 480-633-8100.
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