You don’t want to launch a nonprofit just to avoid the “business” aspects of running a business. You should form a nonprofit because you are passionate about its mission and want to benefit your community through your organization. That said, if your nonprofit is going to succeed, you’ll still need a head for business, and access to the proper legal, insurance, financial, and tax (LIFT) systems, which form the foundation of any successful company.
With 2020 firmly in our rear-view mirror, the economy appears to be on the rebound, and things are slowly getting back to some semblance of normalcy. That said, many families continue to struggle financially, and if this includes you, you may be able to find some relief from the American Rescue Plan. To highlight the ways the ARP can impact your family’s bank account, we’ll break down three additional parts of the law that stand to boost your family’s finances.
Starting a nonprofit organization can be a great way to give back to your community while working for a cause you are passionate about. That said, if you are starting a nonprofit simply to avoid some of the more unsavory aspects of running a business, you should seriously reconsider. When running a nonprofit, you’ll be working in service to your mission rather than in service to yourself or to the other owners of your business—and that’s because there are no “owners” of nonprofits!
Signed into law on March 11th, President Biden's $1.9 trillion American Rescue Plan Act of 2021 (ARP) is the largest direct-to-taxpayer stimulus legislation ever passed, and it came just in time to save millions of Americans whose unemployment benefits were about to expire. This ARP comes with numerous other provisions that can seriously boost your family's finances for 2021. Learn more here to highlight the ways the ARP can impact your family's wallet.
The entire process to register your trademark often takes many months and sometimes over a year to complete. So if you see a service promising to trademark your brand in mere minutes or even that same day, that’s a big red flag. Working with an experienced lawyer to support and advise you throughout the registration process is the best thing to protect your business. But if you decide to take the DIY route, at least now you know some of the warning signs to watch for to avoid getting scammed.
Today's social media and other digital assets play such a big role in our lives. Facebook is one of the social media platforms that have a number of users and if you're one of them who share, track, and report on important life events, it can provide an intimate snapshot of your life and can also serve as a key part of your legacy. If you're interested in preserving your digital legacy using Facebook's legacy contact, here we'll break down the basics of how this function works.
When launching a new business, securing appropriate legal protection for your company's intellectual property (IP) is your top priority. Since you're just getting your company up and running, finding a much reasonable priced trademark registration service is the best. But with so many trademark services out there and with all types of DIY legal services you find online, you should approach web-based trademark registration services with extreme caution.
A Lifetime Asset Protection Trust is a unique estate planning vehicle specifically designed to protect your children's inheritance from unfortunate life events. The sudden death of a Legendary host, Larry King, became controversial because of not using Lifetime Asset Protection Trust to distribute his assets to his children upon his death. His story demonstrates that do-it-yourself planning can have terrible consequences for your loved ones - even worse than if you had no estate plan at all.
Moving a business to another state involves several decisions and steps. A business owner may relocate a business for various reasons, including increased real estate costs, business taxes, business regulations, changes in the target market, or even personal or family reasons. But relocating your residence from one state to another is much more complicated and difficult to determine what to do first because the steps needed for a successful move vary depending on your business structure.
Setting up an estate plan is the best way to preserve wealth, but without a proper update of your estate can lead to misunderstanding and conflict that will make your assets tied up in the court instead of passing it to your family. This is what happened to the legendary tv and radio host, Larry King, who passed away this year, leaving his current family and children from his previous marriage in a legal battle over his estate because of not updating his estate plan.