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When you’re starting a business, one of the major things that determines if it will be successful or not could be your business partner. Choosing the right person can bring you to higher levels of success than you would have achieved on your own. Choosing the wrong...
What is probate? Probate is the legal process by which a court recognizes a person's death and authorizes the administration of their estate. This includes inventorying assets, paying debts, and distributing assets to beneficiaries according to the deceased's...
Arbitration clauses are used in contracts to avoid litigation between businesses. It is an efficient way of dealing with problems, and to keep disputes confidential. Arbitration, a type of alternative dispute resolution (ADR) is a popular alternative to litigation...
One of the most important aspects of any business deal is that both parties know their obligations and expectations. Having the right legal documentation in place insures that all parties are on the same page and that everyone's expectations are met. In the event that...
As a restaurant owner, signing a commercial lease, particularly a long-term triple net lease, requires careful consideration. This type of lease can significantly impact your business's profitability and future growth. Ultimately, you have to make decisions that are...
Many entrepreneurs have innovative business ideas with the potential to generate great profits but don’t have enough money to launch a company. Taking on investors seems like a logical means of raising startup capital. For example, high-net-worth individuals,...
A home purchase is, without a doubt, the largest transaction most people will ever get into. It doesn’t matter if you are buying a family home, a vacation home or an investment, a home purchase is a huge undertaking – financially and legally speaking. As such, it...
Starting a business can be exciting, as you get to execute the ideas you are passionate about. In your earliest days, you may have operated mostly on “handshake deals” and verbal agreements, but that’s not something that you should continue. You need written contracts...
Those who are savvy enough to start their own business likely have enough business acumen to know that certain liabilities come with owning a business. There are steps that business owners can take to reduce this risk. When used wisely these steps can mean that...
A power of attorney (POA) is an important legal tool to include in your estate planning toolbox. This tool allows you to control who makes decisions on your behalf in the event you cannot. This need could arise for any number of reasons from a tragic car accident that...
