The advantages and disadvantages of a partnership are important factors to consider when forming a business entity. A few partnership benefits include the flexible structure and favorable tax…
Estate planning is the process of designing a strategy to ensure the efficient administration and disposition of a person’s property, typically through executing a variety of legal documents.…
Marriage means sharing your life with someone else. Newlyweds, therefore, may want to build an estate plan together shortly after the wedding. Estate planning can also be handled…
According to the United States Census Bureau, almost half of the adults living in America are single. Traditionally, many individuals opt to leave their estate to their loved…
In addition to traditional assets, people may need to leave digital assets to their beneficiaries after they pass away. According to the White House, 16 percent of American…
Contracts are the foundation for many businesses. You have contracts with customers, clients, vendors, employees, and others. However, one of the important responsibilities businesses have is to monitor…
Estate planning is a comprehensive legal process that allocates your assets and property after you pass, establishes legal directives if you are unable to advocate for yourself, and…
Creating a trust is a beneficial way for people to pass on assets while avoiding the potentially costly probate process. However, if a person does not fund the…
When people own a business, having a succession plan as part of their estate planning documents is incredibly important. This is especially true for small or family-run businesses,…
Many new business owners are unsure what decisions to make regarding startup business insurance. They may have limited funds or think that insurance can wait until the business…
To maximize profit and value from the sale of a business, a business owner needs to take the necessary steps to prepare their business for sale. Utilizing a…
