When your business comes to an end, how you handle its closure is important to your personal assets, as well as its employees, creditors and others. Most states provide a quick and inexpensive method to close your business, terminate many personal liabilities and pay...
As the complexity and cost of federal bankruptcy grows, more financially distressed businesses look to state law remedies to address creditors, reorganize, or liquidate. State law insolvency proceedings, such as receiverships, asset sales and assignments for benefit...
Organizing and having essential personal documents available is not only beneficial to you, but could be a godsend to your family and heirs should you become disabled and after you die. Your essential personal documents include: Citizenship, passport, social security...
Despite whatever your business does, there is no “market” to sell your business. While business valuators and accountants use the concept of willing buyers and sellers, it is rare to have numerous, willing and knowledgeable buyers available when you sell your...
Modern businesses are flooded with electronic messages, notices and communications that are changing the law of contract formation and enforcement from requiring original signed documents to accepting electronic evidence of contracts and terms. Your business’s failure...
In the crush of business activity or just daily life we tend to lose track of important documents or fail to secure them in an accessible location. Moreover, when those important records are needed, we are usually in a rush and disrupt our office or home trying to...
Largely because of children, after a judgment of dissolution of marriage is entered, there are often numerous aspects of the relationship that continue or remain to be concluded. While the divorce decree, including the Marital Settlement Agreement and Parenting...
While the formalities may vary from business to business and depend on the size and nature of the transaction, contract formation is fundamental to any deal. All parties must be aware of and mutually consent before a sales pitch or product/service discussion becomes a...
Whether the result of decreased civility among litigants, judges’ frustration with frivolous litigation or other reasons, there has been an increase in the frequency and amount of sanctions and attorneys’ fees awarded to litigants in both state and federal courts....
Generally a business can be operated personally (sole proprietorship or partnership) or through an authorized legal entity (corporation, limited liability company, etc.). In the former, you and your partners’ assets are exposed to any business liability. In the...
While it may seem unnecessary to remind a business to know who its customer is, with emerging markets and increasingly complex business structures, knowing your customer is not always obvious. Not knowing who your customer is can lead to lost sales, additional...
While lawyers have long talked to their clients about the benefits of estate planning to prepare for their inevitable exit, they often fail to discuss the benefits of business succession planning to prepare for their eventual, but less dramatic, exit from their...
