Most people believe that having an estate plan simply means drafting a will or a trust. Both wills and trusts are estate planning documents that can be used to pass your wealth and property, however, there is much more to include in your estate plan to make certain your family members access or control your assets should you become unable to do so yourself, and that all of your assets are transferred seamlessly to your heirs upon your death. Here are a few reasons to consider adding a trust to y
The success of your business also depends on how good your business attorney is. Hiring a skilled attorney is a critical part of your business advisory team to provide vital assistance in almost every aspect of your business and help you handle legal tasks that protect you from costly legal issues down the road. Finding the right attorney can be challenging, especially if you do not know what to look for but these tips will help you choose the one that is a good match for you.
The COVID-19 pandemic has impacted all of us and forced communities and businesses to reevaluate everything. As a business owner, you may already have traditional resilience planning but that may not be enough to combat this pandemic. But despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips and strategies to help you navigate these challenges and the ones to come.
Staying on top of all your security measures can be a job in itself, however, keeping your customers' personal information safe and secure should be a top priority. Failure to adhere to customer data standards and current legislation can result in a loss of goodwill and hefty fines. Here are a few ways you can do to protect the customers' data your business collects. Give us a call if you need help in creating and maintaining systems that keep you legally compliant.
Setting up an estate plan is critically important for business owners because owning a business is challenging even in the best of times and with the current global pandemic, things are much more overwhelming as you pivot to build the most stability for you and your business. If a whole estate plan feels too overwhelming right now, at least get an inventory of your assets and business in place, where your loved ones/partners and your team could access if you become ill or die. Learn more here.
As a business owner, you must thoroughly understand how cardholder data is collected and flows through the business in order to comply with the security standards of the PCI Security Standards Council. Here are the twelve PCI Data Security Standards that you must comply with if you plan to accept credit and debit card payments.
When considering engaging a social media influencer to leverage social media in enhancing your business's engagement and reach, it is critically important to keep in mind that legal issues may arise during the various stages of a relationship. Taking the right steps to lay a proper foundation for a successful working relationship is important to navigate potential legal issues that could arise. Read here to know the three key things you must keep in mind.
Your retirement account assets are extremely valuable, and you’ll want to ensure those assets are well managed not just for yourself but for your future generations. While the SECURE Act has significantly altered the tax implications for retirement planning and estate planning, there are still plenty of tax-saving options available for managing your retirement account assets, but these options are only available if you plan for them. Read here to know more.
The changes ushered in by the SECURE Act have dramatic implications for both your retirement and estate planning strategies—and not all of them are positive. Here are three of the SECURE Act’s biggest changes and how they stand to affect your retirement account both during your lifetime and after your death.
Though LLC is a type of business that offers a level of flexibility, remember that the process of forming one can be complicated and involves complex legal documents. It is critically important that you remember and adhere to the compliance requirements to keep your LLC in good standing. Failure to comply with the requirements will result in the suspension of your LLC and put your personal assets at risk. Here are some steps to help you get started if you are interested in forming an LLC.