The statistics on Americans' successfully passing wealth to future generations is grim. Around 70 percent of families' wealth does not reach the second generation. The percentage of millennials with student loan debt is at 45 percent and rising. Between 40 and 50 percent of marriages end in divor...
After filing a trademark application with the U.S. Patent and Trademark Office (USPTO) and getting approval, you must file periodic renewals to show that you are still using your trademarks in commerce. Here's what you need to know.
Contracts are an essential component of effective business management and development. Savvy business owners recognize the value of contracts but often explore ways to reduce the cost of obtaining them. In some instances, business owners attempt to create their own contracts by using templates av...
Going into business for yourself is a risky endeavor. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each step is fraught with risks. This is especially true given the litigious nature of our society. Find out more.
A common misconception is that only wealthy families and people in high-risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a costly judgment.
Small business owners need trademarks to build up their brand and reputation in the marketplace. A trademark is “a word, phrase, symbol, and/or design,” as described by the U.S. Patent and Trademark Office (USPTO), that helps consumers identify the source of products or services. But what is the likelihood of success for your federal application?
Before going into business with anyone—family or not—you need to get to know your future business partner. Why? The short answer is that you can never truly know a person. Here are the questions you should ask yourself before you start a business.
In today's data-driven world, small businesses often find themselves in possession of sensitive customer data. Failure to adhere to customer data standards and current legislation can result in a loss of goodwill and hefty fines. Here are a few ways you can protect the customer data your business collects.
People often set up bank accounts or real estate so that they own it jointly with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate. Joint property is perceived to be ...
Do you know how to protect your finances and your family’s future in the event you become ill from the coronavirus? Learn more about how you can prepare on The Browne Firm’s blog.
Most people understand that having some sort of an estate plan is a good thing. However, many of us don't take the steps to have an estate plan prepared because we don't understand the nuances between wills and trusts – and dying without either. Here's what you should know.
You did it! You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do self-employment tax...
If you're a business owner, you're well aware of how your company's stable legal situation could turn on a dime. All it takes is an overlooked issue concerning regulatory or employment law compliance, a sour business deal, or the accidental use of another's intellectual property.
Business owners typically dislike dealing with the tax reporting, filing, and payment requirements associated with running a business. Businesses that have made payments to vendors and independent contractors need to understand Internal Revenue Service (IRS) Form 1099.
Are you a business owner with employees working from home? Find out what you’ll need to do to maintain a remote workforce on The Browne Firm’s blog.
If you’re thinking about creating a new business in New York, have you considered doing so in Delaware? Take a look at some of the pros and cons of doing either by visiting The Browne Firm online!
There’s never a better time than right now to begin seriously considering the details of your estate plan. Find out more by visiting The Browne Firm online and contacting our lawyer for assistance!
If you think your estate plan absolutely protects your adult beneficiaries, take another look. There may be gaps or mechanisms in place that keep it from providing the maximum possible protection. Learn more on The Browne Firm blog!
If you’re looking for a way to safely and securely pass on your wealth and ensure it stays within the family, setting up a discretionary trust can help. Learn more about this estate planning tool by visiting The Browne Firm blog!