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 affects...
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 misrepresentation. Understanding what constitutes...
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 the sale. The entire...
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 sure that their special...
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 assets, pays final taxes and...
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 company, personality differences have...
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, before you enter that partnership, you should examine how to avoid any future...
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 that must be weighed when making the...
Estate Planning for Medical Professionals
Every person should have an estate plan, however medical professionals have additional needs and considerations. Several options are available to protect your assets and to ensure that the practice you spent years building benefits your heirs when you pass away. Learning the different ways to not only preserve your...
Jeffrey Epstein’s Last-Minute Will: Impact on Victims Looking to Collect From the Estate
Unless you have not had to access to social media, a newspaper, or television in recent weeks, it is likely you have heard the name, Jeffrey Epstein. Epstein is now widely known for his alleged sexual assault of underage girls spanning a number of years. Allegations include assaulting girls in New York, Florida, and...