Acquisition agreements are among the most consequential documents for business owners. This agreement is like a contract that lays out the terms and conditions of the purchase of a business by another, and is also used for the merger of two businesses. It consists of multiple documents, such as the purchase agreement, along with others… Read more »
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Second Marriage Asset Discussion
Before You Get Married for the Second Time, You Ought to Think About…. It still surprises me that many people spend no time considering property issues before they get married for the second time. Clients in second marriages come to have new Wills drawn. Each partner comes with his/her own idea about how assets should… Read more »
Unforeseen Consequences of the Heroin Epidemic in Northeast Ohio
According the Columbus Dispatch, Ohio leads the nation in opioid (i.e., heroin) overdose deaths. (Source: http://www.dispatch.com/news/20161129/ohio-leads-nation-in-overdose-deaths/1.) According to WKBN (a Youngstown television broadcast station), a growing number of children are losing their parents as a result of the epidemic. (Source: http://wkbn.com/2016/09/20/heroin-epidemic-leaves-growing-number-of-kids-without-parents/.) People my age (I am 57) are being called back into the role of… Read more »
The Role of a Guardian in Estate Planning
When a person is no longer capable of handling their personal or financial affairs, the court appoints another person or entity to take care of these matters on their behalf. A Guardian can be a family member, spouse, parent, relative, or a friend, who will be required to act in the best interests of the… Read more »
A General Overview of the Small Business Selling Process
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 »
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 »