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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...
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...
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....
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...
A business’ success relies on several variables, one of which is the company’s structure. It is crucial for the business’ goals and priorities to be perfectly aligned with its entity. This is because an entity’s formation also dictates a company’s liability extent and...
Succession planning is a way to ensure the smooth transition of management and business ownership. Business owners can use estate planning to complement succession planning. Estate planning is about more than avoiding probate. It is also crucial in continuing a...
When you start a business, you have a lot of important decisions to make. And one of those is whether or not to take on a partner. A business partnership can be a great way to grow your business and tap into new resources, but it's not suitable for everyone. Here are...
Landlords will sometimes find themselves dealing with tenants who would like to add an escape clause to their lease. Perhaps this is a tenant who is renegotiating their lease, or maybe they’re just considering leasing a location for the first time. An escape clause,...
There are certainly advantages to starting a business from the ground up, one of which is that it often doesn’t take that much capital. People will start a business on the side and then attempt to grow it into a full-time occupation. However, if you buy an existing...
Your family business was passed on to you by the previous generation, and your intention is to follow this trend. You’re reaching retirement age now and it’s time to think about the future. You aren’t always going to be physically able to cope with the strain of...
