Avoiding Financial Problems

3 Things To Consider When Creating A Succession Plan For Your Family Business

Posted by on June 27, 2016 in Uncategorized | Comments Off on 3 Things To Consider When Creating A Succession Plan For Your Family Business

If you’ve created a family business and made a success out of it, you’re to be congratulated. It’s not easy to start your own business, and it’s even harder to make it into a lasting and profitable venture. Now that you’re there, it’s important to make sure that you have a plan for what happens after you’re no longer able to run the business yourself anymore. Take a look at some things that you need to know about creating a succession plan to pass your business down to a family member. Succession or...

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Things That May Complicate The Probate Process

Posted by on January 24, 2016 in Uncategorized | Comments Off on Things That May Complicate The Probate Process

The time taken to complete a probate process depends on many factors, such as the amount and number of assets in the estate and the applicable state’s laws. While everybody with an interest in a decedent’s estate would wish for the fastest process possible, this is not always possible. Here are three examples of issues that may complicate the probate process: Real Estate Properties in Multiple States Probate is governed by state laws, which may be different. The good news is that all your tangible and intangible personal property...

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Want To Rent Out Your Starter House? Talk With A Lawyer First

Posted by on January 21, 2016 in Uncategorized | Comments Off on Want To Rent Out Your Starter House? Talk With A Lawyer First

If you are purchasing or building a new home and you don’t want to get rid of the starter home you’re living in, you could be thinking of listing it as a rental. This is a great way to make money, but you want to talk with a business attorney, such as Strauss Troy, before you let anyone sign a lease. There are several legalities that go into opening your own side business and renting a house. You want to make sure you know what you’re prepared for. Here are a few things to consider that an attorney will help you with....

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Determining Ownership Of Social Media Accounts Before A Business Files For Bankruptcy

Posted by on January 15, 2016 in Uncategorized | Comments Off on Determining Ownership Of Social Media Accounts Before A Business Files For Bankruptcy

If your business owns a social media page or account, what happens when the business goes through bankruptcy? Could you be faced with losing the accounts if the business assets are sold or the business is reorganized without you? This is what you should know. Why does it matter so much? Your social media accounts serve as a way to promote your name and business, your status within a community, and can accumulate a lot of goodwill toward your business. They also provide you with a quick and current way to contact your current customer base and...

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