The legal structure of a company impacts numerous foundational aspects of its operations. From how a business is taxed to whether owners risk personal liability for their company’s debts and/or legal judgments, the legal structure of a company matters. If you aspire...
Year: 2023
What should you put in a partnership agreement?
A partnership agreement is an important document when starting a business with someone else. In many cases, business owners are tempted to use a handshake agreement and not put anything official in place. But it is much better to have official documentation to lower...
Best ways to use Powers-of-Attorney
A durable power-of-attorney represents one of the most essential planning tools for estate planning, Medicaid, and other types of public benefit planning. Upon signing a power-of-attorney, the signer provides what is known as the “agent” power to act on their behalf...
What to do when you buy a home with undisclosed defects
Investing in a home is a significant move. You researched, hired a reliable real estate agent and carefully reviewed the disclosure statement to get an ideal home. Unfortunately, a seller or realtor may not act in your best interest by failing to disclose the defects...
5 types of trusts
When planning out your estate, you may be able to save your heirs time and money by thinking carefully about the kind of trusts you create. Here are a few trusts that may benefit you: Revocable trust People typically make revocable trusts. This kind of trust can be...
How do you stop a power of attorney from taking over?
When you first hear about a power of attorney it can sound pretty scary. Like you are being asked to sign over control over your life to someone. You have far more control available than you might realize. Here's what you need to know: You decide what power to give...
How to get your business succession plan started
While you might intend to run your business for the next 30 years, it only takes one unexpected illness or accident to prevent you from doing so much sooner. If there is no succession plan in place, it’s not just your family that will suffer, it's your employees and...
3 contingencies to consider when closing on a home
A contingency clause allows you to withdraw from an agreement to buy a house, without penalty, in specific circumstances. As withdrawing from a signed promise to buy may otherwise be expensive or even impossible, it’s crucial to include all the contingencies you might...
3 biggest lies dishonest real estate agents are guilty of
Most real estate agents are diligent workers who genuinely care that their clients obtain a good deal for their homes. However, like in any field, there are some bad apples. Dishonest agents who only care about commissions might lie to clients to secure a listing. 1....
What are my obligations as a commercial property lessor?
Commercial property leasing is an investment that requires thorough management and operation. And to ensure proper management, lessors need to understand their obligations fully. Otherwise, they might face complexities relating to the lease, which can also lead to a...