When you found a business, your company is more than just a financial investment. Your business reflects your hard work and passion. As a result, the fate of your business could be one of the most stressful decisions you make during the divorce process. What should...
Year: 2023
Why is it important for your LLC to have an operating agreement?
When forming a limited liability company (LLC), you must address how your LLC will be permitted to operate. One way to formally outline these decisions is to create an operating agreement for your business. Are you required to have an operating agreement for your LLC?...
What traits should you look for when choosing the executor of your estate?
When creating an estate plan, you likely first think about how you will divide your possessions among your loved ones. However, choosing the right person to manage and distribute your property can be just as important. What should you consider when naming an executor...
Why does your business need a succession plan?
As a business owner, you have long-term plans for your business, and you likely have put protections in place to help your business weather future challenges. A succession plan can be a vital part of those future plans. How would a succession plan benefit your...
Why do small business owners need an estate plan?
Estate planning is essential for people to outline their wishes for what will happen to their possessions after they pass away. While this process can provide peace of mind to people in any situation, it is a necessary step for people who own a business. What should...
What are the benefits of utilizing a sole proprietorship for your business?
When starting a business, you have several different structures to choose from, and each has distinct advantages and disadvantages.. A sole proprietorship is one of the structures you might consider when going into business on your own. How might this business...
Is it time to update your estate plan?
Once you have created a will, power of attorney documents and other planning documents, believing that you have finished your task can be tempting. However, reviewing and revising your plan as your life changes is essential. When might you want to update your estate...
A prenuptial agreement: Insurance for your marriage
Nobody knows what the future will bring, and it is essential to prepare for challenges, even if you hope the future will be bright. Just like you insure your car or home to prepare for future challenges and losses, you can prepare for future difficulties in your...
What are the benefits of choosing an LLC business structure?
When you start a business, you make many decisions that can significantly impact the company’s future. One of these critical choices is how you legally structure your business. What benefits might a limited liability company (LLC) structure offer? Choosing an LLC...
Do you need legal guidance while creating your estate plan?
When people start the estate planning process, online resources and self-help guides often seem like a straightforward way to complete this task. However, creating your own estate planning documents can come with many risks, and errors made during the planning process...