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Whether you started a business or inherited it, running it successfully may be a big part of your personal identity. It probably consumes as much of your life and provides most if not all of your income. It can be so hard for people to separate themselves from the...
One of the most common estate planning mistakes is the failure to draft a will or other documents because you assume you have time in the future. Many well-intentioned people experience unfortunate circumstances because they or a loved one kept delaying the creation...
Every contract features an implied "good faith and fair dealing" covenant. That covenant serves as a mutual promise that each party will do their best in carrying out their responsibilities as per the agreement. This clause also serves as a commitment that each party...
The contracts that you sign with your employees, suppliers and clients clarify your relationship with those parties and help protect your business. While you may do everything in your power to uphold your contractual obligations to others, not everyone will be so...
If you are interested in developing a business partnership, it’s important that you know what to look for in a good partner. A business partner is invaluable if they’re the right person for the job, so choosing the right person does matter. Business partners are...
If you have a home that you’d like to protect in your estate plan, one of the things you should consider is setting up a trust. One of the reasons for setting up a trust is to make sure that your family doesn’t have to go through probate to have access to the property...
Your supplier has stopped returning your calls after taking payment and not delivering the materials that you need. Alternatively, someone that you agreed to provide services for never paid you, but now they want to claim that you breached the contract, not them. Some...
If business is booming and your startup LLC has grown significantly, it may be time to look into converting into a corporation. There are many reasons that you may want to change your company’s structure, and doing so will help you gain the benefits of a new...
When you are starting a new business, the first thing you need to do is to decide what kind of business entity you want. Will you structure your company into an LLC? Do you want to have a corporation? Would a sole proprietorship be right for you? These are important...
When your business has gone through the trouble of negotiating, drafting and signing a business contract with another entity, it can be extremely frustrating when they don’t follow through. If they fail to uphold their side of the bargain, it can cause serious damage...
