Building your own business takes a lot of courage and considerations because it requires great effort to acquire some level of recognition an already established business may have. Yet if you feel that purchasing a business that is already in existence is the best option instead of starting one from the ground up, then you must critically consider the following before purchasing one.
As a parent, one of the motivating factors driving your life's work is to leave your children an inheritance, however, regardless of how much or how little it can be, in some instances, an inheritance can wind up doing your kids more harm than good. To prevent such from happening and to safeguard your hard-earned assets from being wiped out, putting up a Lifetime Asset Protection Trust is a must. Read here to know more.
As a business owner, it is critically important for you to maintain a summary of your business transactions and retain all important documents that can be used to verify the accuracy of your summary for tax purposes. Keeping good records of your transactions and tax invoices will help you to monitor the financial performance of your business as well as comply with your tax obligations.
Learn here the documents your small business should keep.
It is critically important that you understand your Life Insurance Settlement Options, whether you're the policy holder or beneficiary in order to maximize your policy's financial benefit and to reduce potential taxes. It is also important that you choose the settlement option that is best suited for your particular needs. Learn here the importance of each of them.
If you are interested in starting a new business, it is critically important to know not just all the requirements, federal, and state laws of Business Opportunities but also, to know the seller whom you are dealing with to ensure that you are not misled and that it is legitimate. Contact an experienced business lawyer like us so we can guide you through the purchase of a business opportunity, a franchise, or a pre-existing business.
Naming long-term guardians for your kids is critical and should be your number-one planning priority to ensure they will never end up in the hands of strangers in the event of your incapacity or death.
The new overtime pay rule will take effect on January 1, 2020, so it is critical that as early as now, you figure out how this will impact the budget of your small business and consider which action is best to take. If you are concerned that your business may be impacted by this new overtime rule, consult with us so we can help you ensure that your employees are properly classified as exempt or non-exempt to maintain your compliance with the law when the rule takes effect in January 2020.
Just like any parenting arrangement, platonic parenting requires massive levels of trust, communication, and planning since child-rearing is an immense responsibility that lasts a lifetime. Having an estate plan designed specifically for your family's condition that spells out you and your partner's legal rights, responsibilities, and wishes ensure your new family has a proper legal foundation that keeps them away from court and conflict in the event of your potential incapacity or death.
Collecting and remitting sales tax can be a big task and quite confusing, especially if you oversee multiple aspects of your business. It is critical that you know well your business sales tax nexus and remit your sales tax on time to avoid large fines, or worse, lose the right to do business. Here are several key points for you to keep in mind.
Being left in the hands of unscrupulous guardians appointed by the court can be the most frightening aspect for you in the event of your potential incapacity, given that you may have a loving and caring family members, but are unable to take care of you. To prevent such from happening, it is crucial that you have a comprehensive plan that states all your wishes and consent to ensure that the individual of your choice takes the immediate legal authority to make decisions on your behalf.