Litigation attorney Mike Long successfully handled a case in which a trust account was grossly mishandled upon the death of the client’s father by the client’s former stepmother. Background of the Case The client’s ex-stepmother held the role of trustee for the trust fund while also being a beneficiary alongside the client and the client’s mentally handicapped sister. The...
Your business relies on commercial relationships to support its operations and to sell its goods and services. Whether that relationship takes the form of an order for goods from a customer or a set of software services from an IT specialist, it is usually memorialized in a written contract. You are entitled to rely on these executed contracts, and...
A core skill set of any business person is deciding how to invest the time and resources of a business. Balancing risk assessment and return on investment follows closely behind. To memorialize these activities, businesses rely on contracts. Contracts are the backbone of commercial activity. When a contract is breached, a new set of considerations arise—the first being whether...
Please note this blog post is written for employers, although we understand it may be of interest to employees as well. At this time, our firm only represents business owners and employers. If you need assistance with a legal matter as an employee, please consult a firm that represents employees. As a business owner or officer, you know that...
How useful a lawyer can be to your business depends on how you use them. The common view is that lawyers are expensive annoyances that are a “necessary evil” in doing business. However, in this guide, we will show you how to best utilize a business lawyer and the top five reasons why they are particularly important in the...
The good news is you are reading this because you have given serious thought to the legal form of your business. The law offers multiple entity options through which you can operate your business, and choosing the right one now will help you avoid a disruptive and costly conversion in the future. The bad news is that the classic...
The vast majority of business owners use either a corporation or limited liability company (LLC) as the vehicle to operate their business. Because both corporations and LLC extend limited liability and are separate from their owners, they are good business choices. However, business trusts, although a lesser-known option, are an equally good choice. Business trusts fill some unique needs...
A sale of goods contract is one of the most important agreements a business owner can enter into. You may be writing a contract so you can offer your goods and services to customers. Or maybe you’re reviewing a new contract as you make a major purchase. In either situation, understanding what language to include (or keep out) can...
Not so long ago, the go-to model for businesses was the corporation, and more specifically the C corporation. Savvy business owners may have elected the S corporation to add the pass-through tax benefits of a partnership to the limited liability of corporations. These days the go-to business model is the limited liability company (LLC). It unites a partnership-like tax...
Starting your own business is an exciting venture. However, before you really dive in, one of the first things you need to do is decide on what type of business entity you want to form. “Choosing the right form of business entity is one of the first important decisions business owners must make.” Business Attorney Kristi Benson Common entity...