As many of you are aware, we discussed the risks of using unconscionable contracts or small business forms to establish their businesses in part 1 of this article. The bottom line is that if someone signs your contract without understanding what they agree to. It's not easy to avoid these pitfalls, but planning can prevent even the most disastrous mistakes. Today, we'll look at the final five pitfalls to avoid when entering legal contracts for your business. Learn more here...
Does your company use legal agreements? Adverse consequences like unwanted disclosure of confidential information or loss of intellectual property rights may occur if you're not careful. Don't wait any longer; protect yourself today with a well-drafted legal agreement. Here's part 1 of the ten pitfalls to avoid with your company's legal agreements. Click here to know more.
When it comes to estate planning, most people think of a will. There is nothing wrong with it, yet, a will is far from the best solution. This is because, upon your death, all of your assets are subject to the judicial process known as probate. And probate implies more money, more time, and a higher level of complexity. We know you don't want that. Do you? Click here if you want to learn more.
The most crucial time of the year for tax planning comes as 2022 is closing. When you first realize that taxes are your most considerable personal and business expense, Trust us, we know it can be stressful. Seeing so much of your hard-earned money wind up in the hands of the government could feel like a heist. But just a tiny amount of purposeful effort to reduce your taxes might significantly impact you. With all these in mind, we have a two-part article that will teach you strategies that fee
Know that no matter how poor or rich your parents are, they must have an estate plan in place because their affairs will affect you and become your responsibility if they become incapacitated or die. Their estate plan ensures that their assets will be distributed to their heirs according to their personal wishes, no matter how much or how little they can be. If you do not know whether or not your parents have an estate plan in place that will help you best support them, read on!
Today, It’s critically important to have the appropriate safeguards in place to reduce the risk of fraud and identity theft, especially for your senior parents. Because your parents are unlikely to be as savvy about digital technology and may be losing some of their powers of discernment as they age, it will almost certainly be up to you to help them in protecting themselves—and ultimately, your inheritance.
Your business is your masterpiece. You have spared no effort in making it a reality right from the beginning when it was just an idea. You have given sweat and tears to make it grow and thrive, sticking with it and braving the hardest times. While a business is practically immortal, we humans are not. Plus, the business environment has always been unpredictable, even more so during this time of the pandemic. How do you ensure your business lives on among and despite immense uncertainties?
One way or another, every business owner has to arrive at a difficult decision of letting employees go. Employers and employees have many reasons for parting ways, but termination is never a desirable outcome for both parties. If not handled correctly, this may give rise to expensive lawsuits and public scandal. Here are some effective practices to consider to reduce termination-related risks.
Trademarks give the business its identity. They literally “mark" everything related to the business from its products, letterheads, processes, facilities, and more. But with company logos and taglines flooding the Internet for marketing, it is very easy for a trademark to fall into the wrong hands. At first, it may cause only confusion for your customers but it might bring a pile of expensive lawsuits later. Protect your business now by developing relevant and updated trademark strategies.
2020 has set unprecedented variables in business with the advent of COVID-19. You will never know what could go wrong at any given moment. It is possible for your business to be completely swept away by the pandemic without means of protection. One of these means is having comprehensive insurance coverage. This can cover almost anything from properties, professional services, computer systems, business and employment practices and more.