Trusts can be used for so many different things including estate planning, tax benefits, income in the case of disability or illness, passing on a family business, and asset protection. If you own a business, it’s time to consider the possible advantages a trust can provide. Definitions The Settlor – the person who puts the…
If you’re planning to start a business, or you already own one, you’re probably wondering how to avoid future lawsuits. If you’re not wondering that, well you should be. Statistics show that 90% of all businesses are engaged in litigation at any given time. To avoid major lawsuits and reduce the losses you may face,…
If you own a business or property, you may be wondering how best to protect your assets from government seizure or creditors. Lawsuits can happen to any person and any business, but forming a trust will reduce and can even eliminate the risk to your hard-earned empire. What is a Trust? A trust is a…
Each business entity has its advantages and disadvantages. There isn’t an overall perfect business type; only a business type that is perfect for your business. Here, we’ll discuss the benefits of LLCs over corporations. Separation of Assets Without Complexity LLCs retain the simplicity of a sole proprietorship or partnership, while providing the liability protection that…
You’ve looked into the different business entity options and discussed your business goals with an experienced attorney. You’ve finally decided that you want to form an LLC, but now what? Here we’ll explain the steps for starting an LLC in San Diego, California. This is similar to most states, but California has a few specific…
If you own any assets, you need asset protection. Protecting your assets is as important as acquiring them in the first place. If you do not protect your assets, all the hard work you put in to be able to obtain them can be quickly undone. When you have a legal and effective asset protection…
Business owners of all types need to familiarize themselves with the concept of incorporating. No matter what kind of business you undertake or the service you provide, there are several significant benefits to becoming a corporation. Let’s look at some of the important things to know about setting up a corporation. Exactly What is a…
A non-profit corporation is a type of business entity. In contrast to other kinds of corporations, nonprofits exist for the benefit of some collective, social, or public benefit rather than to generate a profit for the owners. To put it another way, they carry out a non-commercial purpose. Any revenues generated by a nonprofit have…
As an owner of a small business avoiding the danger of litigation should be a top priority for you. Legal issues can take you by surprise and seriously hurt your bottom line. To help protect your business, watch for these common legal issues:
By Kelly Bagla, Esq. Thinking about starting a business? If you are – Brilliant! Congratulations on taking control of your life and being part of the 31.7 million small businesses in the USA. Before jumping in with both feet, it’s important to research your industry, find competitors, understand risk and map out your finances before…
