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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...
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...
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...
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....
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...
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...
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...
When a person dies, their estate must go through probate, a legal process that ensures their debts are paid, and their belongings are distributed according to their will. If your parent named you as the executor in their will, then they entrust you with the...
You’ve built your brand and business on your own. The success of your company has come quickly, to the point that it’s almost beginning to feel a little overwhelming. As a result, you’ve come to the conclusion that you need to enlist the help of a business partner....
Are you worried that your family will be unhappy with how you have chosen to distribute your property after you pass away? If so, you need to take steps now to avoid inheritance disputes. While there’s no way for you to stop all disputes that may occur, you can take...
