What if Your Business Partner Dies or is Incapacitated? A Buy-Sell Agreement is probably what you need.
Assume there’s a business called ACME, Inc., and it’s owned and controlled by two shareholders, Mr. Alpha and Ms. Bravo. (This hypothetical also applies to an LLC and its owners, which are called [...]
Distilled to its most basic elements, an estate plan is concerned with three things: caring for your children; managing your health; and providing for how your assets are to be handled. An estate [...]
What’s the deal with contractors licenses when you’re buying or selling a business? Well, there’s a lot to it and the process can be a long one so the issue should be identified [...]
No, trusts aren’t just for rich people. They’re for everyday people too, because they help you direct where your assets are to go after you pass away, plus they help your survivors [...]
You’re in the process of refinancing a commercial real property, and the lender tells you that you have to procure a Nonconsolidation Opinion Letter (or a NonCon in industry parlance) [...]
Considering Investing in a Small Company’s Stock? Pay Careful Attention to the Deal Docs and Who’s Ahead of You.
I have people come to me to seek advice regarding a potential investment in a new-ish company (maybe a bit beyond startup phase) they’re considering making. Usually, it’s an [...]
Many entrepreneurs in California are surprised to learn that if you form an entity here, you’re most likely on the hook for a mandatory minimum $800.00 annual tax called the Franchise Tax. [...]