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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...
It’s natural to want to leave something behind for the people and causes you care about when you die. To do so, however, you need to articulate your wishes in writing. And one of the most effective estate planning tools you can use to achieve this is a will. ...
You have probably thought about what will happen to your estate when you are gone. Will your heirs mismanage their inheritance? Will future generations benefit from the family wealth? You may want to consider including a trust in your estate plans if you have such...
Starting a new business in California always comes with risk, which is one reason why people start formal business entities. They want to protect themselves from legal liability and reduce the taxes that they may have to pay if the business proves successful. People...
As with many things regarding commercial property, lease pricing is more complicated than that used for residential property. Commercial landlords can choose from one of several ways to price their premises. Not only can that make comparing the price of different...
Most Americans lack an estate plan. To put it in another way, only one-third of them possess an established will or trust. Some of the reasons why many people don’t have an estate plan are because they either procrastinated or they’re unsure about how to create one...
