As a business owner, there is little more frustrating than someone owing you money. If you are struggling to pay your staff on time, keep up with loan repayments and keep your company afloat, one late payment can be enough to sink you. Filing a lawsuit may seem the...
Month: December 2020
What are some common business disputes California companies face?
One of the benefits of owning your own business is that you can call your shots when running it. That doesn’t mean that you won’t face obstacles that you have to overcome along the way, however. Some business legal disputes tend to crop up more than others. Consider...
Estate planning when your wealth stems from complex assets
It is all too easy for people with significant and diverse assets to underestimate the value of their resources and the amount of planning necessary to preserve them for the next generation. Wealth preservation planning is complex, especially if you have an...
Why do you need an attorney to protect your interests when your business partner divorces?
When most people decide to form a partnership, they don't stop to ask their prospective business partner about the stability of their marriage, but maybe they should. Divorce is a factor that can put your company's valuation on the line and change who owns it. These...
Estate planning is more complicated for non-citizens
If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
What does a breach of fiduciary duty mean?
Bestselling business author Stephen R. Covey wrote that “Trust is the glue of life… It’s the foundational principle that holds all relationships.” Unfortunately, as everyone learns sooner or later, you cannot trust everyone. Specific business relationships require...
Tips for managing wealth effectively
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...