Selling a small business is a complex process that requires the help of an accountant, broker, and most importantly, a business law attorney. Whether you will gain profit from the transaction depends on several factors, such as the timing of the sale, the reason for the sale, and the business’s structure and its operations. The… Read more »
Posts By: admin
Do You Need Estate Planning for Your Digital Assets?
We live in an era where we manage a lot of our assets digitally. Cloud backups, photo storage, online banking, social media profiles, emails, etc. are just a few examples. Have you ever thought what will happen to these assets if you were to become disabled or pass away? Since no one knows the IDs,… Read more »
Common Reasons for Contesting the Validity of a Will
The process of contesting a will can be complicated as it is quite difficult to prove its invalidity. The law considers a will as the proof of the testator’s wishes regarding the distribution of their assets and property. Since they are no longer alive to voice their desires, the courts strictly follow the will, which… Read more »
Evaluating your Finance Options – Venture Capital for Startups
When your startup starts growing, at some point, you will require additional funds for expanding your business. You will have several finance options at your disposal to support the growth of your startup, like angel investors and venture capitalists. While an angel investor can offer you between $10,000 and $100,000, a venture capitalist can give… Read more »
Understanding Living Trusts and their Importance in Estate Planning
Nowadays, many people prefer a revocable living trust over joint ownership or creating a will for their estate plan. They like the benefits of time and cost savings, along with the added control they get with a living trust over their assets. What is a Living Trust? A living trust, also known as a revocable… Read more »
Reasons for Hiring a Business Law Attorney for Startups
For most entrepreneurs, working with a lawyer is often intimidating and sometimes confusing; especially when it is the first time they have hired one. But, for a startup, having an experienced business lawyer is indispensable. They provide you with the peace of mind that you are covered from any legal liabilities that may otherwise significantly… Read more »
Important Estate Planning Considerations for Young Families
Whenever you hear about estate planning, you probably picture an old person who has spent the prime years of their life building wealth that will eventually leave for their children. But have you ever considered that estate planning is just as important for young people? People who recently got married and had their first child… Read more »
Benefits of Hiring a Business Law Attorney for Business Owners
Whether you own a small or a large business, you can benefit from hiring a business law attorney. A professional and qualified business law attorney can handle all the legal predicaments involved in business formation, operation, and transaction. The help of a legal professional will ensure that you don’t get entangled in legal matters that… Read more »
5 Mistakes to Avoid in Estate Planning
Every person has at least something of value – a home, a car, or monetary assets – which they would like to pass on to their loved ones after they pass away. Having an estate plan in place can help smooth the process of transferring the assets to the beneficiaries. Not only can it help… Read more »
How Careful Estate Planning Can Reduce the Likelihood of an Estate Challenge
Most individuals who create estate plans (especially more elaborate and personalized estate plans) do so because they do not want their heirs and/or beneficiaries to squabble and fight over distribution of assets once they pass. Unfortunately, this goal is not always achieved. In the recent Ohio case Gehrke v. Senkiw, the testator and grantor’s careful… Read more »