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Estate Planning and COVID-19 If you were in the process of estate planning, you may wonder how you will be able to finish your important legal documents during this time of global pandemic. Many areas are currently requiring shelter-in-place, and those that are not may be by the time this article is actually finished. The...

Understanding the SECURE Act In an attempt to prevent older Americans from outliving their assets in retirement, the federal government passed The Setting Every Community Up for Retirement Enhancement Act of 2019 in December 2019. Known as the SECURE Act, this law was approved as an end-of-year appropriations act and tax measure...

California AB5 Law What You Need to Know About the New AB5 LawIn September 2019, California Governor Gavin Newsom signed into law the AB5 bill. This “gig worker bill” could potentially reclassify millions of workers in California who are independent contractors and make them employees instead. The legislation is far-reaching and...

Fraudulent Misrepresentation in Contracts As a business owner, you create contracts that specify certain expectations and requirements agreed to by both parties. When one party purposefully makes a false statement to get another party to sign a contractual, legally-binding agreement, this is known as fraudulent...

Checklist Before Buying a Business If you are considering buying someone else’s business, there are many important legal and financial issues to consider. Research needs to be done regarding the financial health of the company, along with ensuring that all state or federal contracts are filed on time to ensure the legality of...

Special Needs Trust for a Child If you have a child who was born with mental or physical disabilities or a child who became disabled later in life and needs someone to manage his or her affairs, you have special and unique estate planning needs. Planning for your child’s financial future is important, and parents want to make...

What Does the Probate Process Entail? If a deceased person created a last will and testament as part of an estate plan, the last will and testament will have to go through the probate process. The probate process a legal procedure done through a court that authenticates the last will and testament, locates and determines all...

Rights of Minority Shareholders in Small Companies Many small companies grow their business by selling shares of stock in the company. Oftentimes, as time goes on, the group of majority shareholders may attempt to remove the minority shareholders from the company. Perhaps there are different ideas about the direction of the...

Things to Know when Entering a Partnership and How to Avoid Future Partnership Disputes All relationships can have problems, and that includes business relationships, as well. The goal of creating a business partnership is to combine resources and maximize strengths in order to grow a successful and profitable business. However,...

The Pros and Cons of Putting Rental Property in an LLC If you have rental properties or are considering purchasing rental properties, you may wonder whether or not to form a Limited Liability Company (LLC) to attempt to protect yourself and your assets. Unfortunately, the answer is not clear cut, and there are both pros and cons...