Startup Legal Planning 101: What You Need to Know

Having a great idea for starting a business is the first step to becoming an entrepreneur. Putting that plan into action, however, requires more than thinking about your business plan, setting up a website, and finding customers. You also need to think about how you will legally form your business. Your business’s structure will haveContinue reading “Startup Legal Planning 101: What You Need to Know”

What Happens to Property After a Divorce?

Divorce involves more than ending the legal partnership between two spouses. It also involves dividing the household assets and debts.  Different states handle divorce and property in different ways. Most states divide property by equitable distribution. This means that the marital property is divided “fairly,” though it may not be equal. However, some states are community property statesContinue reading “What Happens to Property After a Divorce?”

Revocable Trust vs. Irrevocable Trust: Which One is Best For You?

You may already be aware of the benefits of having a trust. You can avoid probate, minimize taxes, and provide for your heirs. Trusts also give you organization and control over what happens to your estate when you die. A living trust means that it is created while you are still alive. The person whoContinue reading “Revocable Trust vs. Irrevocable Trust: Which One is Best For You?”

Elements of a Successful SBA Offer in Compromise

Many people rely on loans to start or grow their small businesses. Financing is often a critical part of turning a dream into reality. Small businesses use loans for everything from working capital to purchasing equipment to marketing initiatives. When businesses fall into hardship, it can become difficult to make payments on loans. While banksContinue reading “Elements of a Successful SBA Offer in Compromise”