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What will happen to your business when you retire? What will happen to it if you die or become incapacitated?These are questions that will likely come to mind as you prepare or update your estate plan. Therefore, here are three business succession options to consider:...
As we enter 2020, it's certainly no secret at this point that adult Millennials and Generation Z have needed to rely on their parents for financial stability. According to this article from Consumer Reports, as many as 7 out of 10 parents give more money to their...
If you are about to launch a new venture, your business plan is going to be a highly important tool to help you reach your goals.You may want several versions of the plan because you will want to target different audiences for different reasons. That said, here are...
Unless you are careful when you initially set up your new business, you run the risk of exposing yourself to potential liability. The type of business structure you create ultimately determines everything from how you pay your business's taxes to the type of paperwork...
Employee support is the lifeblood of many businesses. Therefore, it is quite beneficial for employers to have protocols in place that help to support their employees.Along with them being beneficial for productivity, having necessary business protocols in place...
As a business attorney, I've represented several clients who have sold or bought existing businesses. Sometimes the seller of the business will intimate, or even outright admit, that they have underreported their income on the business tax returns. Of course, now that...
When someone you love has become too ill to make their own decisions, the natural impulse is to step in to help. However, the law requires that you obtain the authority to make legal, financial, or medical decisions for someone. There are essentially two different...
More detailed than a basic employment agreement, an employment contract should clearly state employee benefits and employer expectations.If written correctly with clarity and focus, the contract should serve the interests of both parties well. Here are five elements...
As small business attorneys, our clients often ask about laws that mandate how and when employees must be paid.Many small businesses employ workers who are considered non-exempt under the Fair Labor Standards Act (FLSA). The employer must pay those employees at least...
Entrepreneurship is part of the spirit of America, the land of opportunity. Many have worked hard from the ground up to build successful companies. Perhaps you want to take part in the American dream but do not want to start completely from scratch.An alternative...
