Basic estate planning begins with a will. Almost everyone should have one. However, there might be a better estate planning tool for you called a living trust (or an inter vivos trust). A living trust is a legal entity that allows you (the grantor) to place your assets in the trust and still use ...
Do I need a will? The answer is almost always an unequivocal “Yes! You need a Will!” I know – thinking about and planning for your death can be scary, depressing or morbid. However, it is a necessary evil. Estate planning not only protects your family and your assets, but it helps build and maint...
Most people think of probate (the process of collecting, managing, and distributing a deceased person's money and property) as a private process. However, because wills are filed at the courthouse, probated estates become a matter of public record for anyone to see.
Business trusts offer several potential benefits—and drawbacks—compared to a traditional business structure. Understanding their pros and cons, the different types, and the legal implications can help you to decide whether it makes sense for your business.
If you are in the process of starting a corporation, there are many important legal documents you must create and abide by to comply with your state's laws and ensure that the corporation will operate efficiently. Corporate bylaws are one of the most critical documents to have in place.
When you decide to form a business, one legal entity type you can choose is the corporation. The corporation is one of the more complex but also one of the most trusted legal business forms. Find out more.
The issue of an LLC’s intellectual property ownership is something many entrepreneurs don’t properly consider. This seemingly minor detail can nevertheless cause massive problems later on for you and your business. Our firm can help you make sure your company is set up correctly and your assets are protected.
After the past year's hit to the economy, supporting small business in your community is more important than ever. Some might be looking to make an investment in a small business. Here's what you should know.
For individuals who own real estate, it is important to consider the best way to structure your ownership. One option is to create a limited liability company (LLC) for your real estate ventures. An LLC is a type of legal business structure organized under your state's law. Learn more.
You are likely familiar with terms like “trademark” and “copyright” but may not know the distinctions between them. By the time you're done with this short read, you will hopefully have a much better idea about which one is right for what you want to protect!
Limited liability is typically available when you create distinct legal entities that separate your personal assets from your business assets, thereby limiting exposure to liability on both fronts. But the limited liability shield can be lost, and this is called “piercing the veil.” Here's what you need to know.
When you decide to form a business, one legal entity type you can choose is the corporation. The corporation is one of the more complex but also one of the most trusted legal business structures. A key consideration is the way a corporation is managed. Learn more.
There are many reasons for estate planning, and in today's litigious society, legal exposure is another consideration. Although everyone hopes they don't have to experience a lawsuit because it can be devastating for your personal life and your finances, it can happen. Here's what you should know.
In today's competitive job market, giving gifts and other fringe benefits to employees can be an effective way for employers to show appreciation. But generous employers should understand that most gifts and bonuses—even small ones—have tax implications.
There are many misconceptions and assumptions regarding the use and effectiveness of noncompete agreements. This is not too surprising considering that judicial enforcement of these agreements is very fact-intensive and situation-specific. Here's what you should know.
If you are considering buying or selling a business, you may need an asset purchase agreement. A qualified Westchester County business attorney can help to negotiate the deal, perform due diligence, and create an APA that is fair and enforceable.
There are more than 773,000 locally owned franchise establishments across the U.S. If you're thinking of joining this group, here's what you need to know.
Owning a business can impact every area of a person's life. The impact is uniquely felt within a marriage. Married business owners must consider the ways in which their marriage may impact their business and vice versa. Failure to think about how these two significant institutions interact can ha...
The decision to close a business is not to be taken lightly. As you consider closing your doors, keep the following steps in mind.
Blogging seems harmless enough, but you could be making a big mistake if you simply begin blogging without taking care of some crucial legal considerations. Bloggers have a variety of considerations to address in order to effectively and legally set up their blogs. Find out more.
The limited liability company (LLC) is one of the most commonly used business entity types. But as a business grows, it sometimes becomes necessary to consider whether the way the entity is organized best facilitates the company's future growth. Here's what you need to know about corporations.
At the risk of preaching to the choir, you have a trillion things to worry about as the owner of a new business. We understand how easy it is to let some (seemingly minor things) fall through the cracks. Here's what you need to know.
When starting a business, many entrepreneurs jump immediately into day-to-day operations. But failing to keep a written record of the factors that lead to poor business decisions. Here's why you need meeting minutes.