Creating your estate plan is a good first step to protecting your family and loved ones after you pass away. However, once your plan is created, it does not mean your work is done. Your estate plan is essentially a road map that lets people know what you want to...
Year: 2022
2 mistakes to avoid when investing in a commercial property
Whether you are opening a new branch and are, thus, looking to purchase a space or are simply purchasing a property to lease out, commercial real estate investment is a big money undertaking. As such, it makes sense that you do everything in your power to get...
Should you put your business under a trust?
If you have worked hard to build a business, it is only natural to want to protect it. This is especially true if you want to pass your business down to the next generation upon your death. While setting up a limited liability company (LLC) or incorporating your...
How do I write a business sale agreement?
Size or industry notwithstanding, a business sale is a significant undertaking – both financially and legally. A business sale agreement is a legally binding document that stipulates how the transaction will be carried out. Basically, it defines the agreed elements...
2 reasons to tell people about your estate
If you are creating an estate plan, you may wonder whether or not to discuss it with your family. Maybe you are worried a family member won’t like it when they find out someone else is due to get more than them. Perhaps you fear someone will become less motivated to...
How can powers of attorney help you?
Most adults know their estate plan includes information about what needs to happen after they die. But, they don’t realize that there are parts of the plan that have to do with what will happen if they become incapacitated. One important component of your estate plan...
Why don’t family businesses last?
The majority of businesses in the United States are formed with family involvement. This is true of 77% of small businesses, according to some reports. At the same time, reports have found that the majority of these businesses will not make it to the next generation....
2 things you should leave out of your will
Your will is the foundation of your entire estate plan. While having a detailed will is important, there are some things you should not include. Knowing what doesn’t belong in a will (and leaving these things out of it) will likely help your beneficiaries after you...
Why business owners shouldn’t skip hiring a commercial inspector
Many first-time business owners will go through a building, find everything they ever dreamed of, forgo an inspector to speed up the purchase and enter into a new business agreement. The only thing is, home buyers can end up falling into buyers’ remorse after finding...
Choosing the ideal legal structure for your business
Whether it's a partnership, corporation or sole proprietorship, the structure of your business is crucial to its operations and future. It will determine your tax obligations, liability and legal compliance, all crucial to your business. Therefore, you ought to get it...