Archive for April, 2010
Why Married Couples Need Wills
Married couples need wills, even if most of their property is owned as tenants by the entireties (TBE) or joint tenants with right of survivorship (JTWROS). This point is clear from the following situation: Husband and Wife are married with four children (one of whom is 19, and the other three are under 18). All [...]
10 Things About Joint Ventures
“Synergy.” “Joint venture” is a generic buzz term referring to any business activity carried on with the active involvement of more than one company or person who share the profits or losses. Importantly, the term “joint venture” means something different to everyone. Proposing a joint venture is the beginning of the negotiation, not the end. [...]
Are You Compliant with the Red Flags Rule?
Beginning June 1, 2010, a number of businesses will have to comply with the Federal Trade Commission’s Red Flags Rule. The Red Flags Rule requires certain businesses to develop and implement policies and procedures to protect consumers from identity theft. The Red Flags Rule will apply to any business that extends credit to consumers, which [...]
Update Your W-4
With the 2009 tax season coming to an end, it’s a good time to update your IRS Form W-4 on file with your employer (or yourself, if you are an S corporation owner). Form W-4 tells your employer who much to withhold from your paychecks for income taxes. For most of us who are paid [...]
The Fill-in-the-Blank Will Strikes Again!
Not surprisingly, I am not a fan of fill-in-the-blank wills and other estate planning documents that can be purchased from many office supply stores or online. It’s not the terms and provisions of these documents that bother me—they’re often quite adequate for straightforward situations. Rather, canned documents do not do a good job of helping [...]
LLC Operating Agreement Information Guide
This questionnaire will assist with the preparation of your LLC Operating Agreement. You may not have a strong opinion on every item described below, but all of them should be adequately addressed in your Operating Agreement. I. GENERAL INFORMATION ABOUT THE LLC 1. Name 2. Mailing Address 3. Physical Address 4. Registered Agent 5. Registered Address 6. Business Purpose [...]