If you are starting your business or looking to expand, you may wonder whether to hire employees or work with contractors. This article’s aim is to help you make an informed decision and avoid the potential consequences of misclassification.
Forming a business is more than just legal documents. There are five key steps to business formation. The first three are essential, but the last two should be carefully considered. Each takes time to start and complete, and each has its own requirements.
Recently, some clients have asked that I advise them on the status of regulations on the manufacture, production and sale of Cannabidiol (CBD), which is a substance discovered in 1940 and derived from hemp. This short note encapsulates for the reader the results of my review of current law on CBD.
The SECURE Act (Setting Every Community Up for Retirement Enhancement) became law on December 20, 2019 and is effective for deaths in 2020 and beyond. The SECURE Act creates new categories of beneficiaries and allows only certain beneficiaries to take distributions over their life time. Learn more about this significant change to estate planing.
A limited liability company is a hybrid of a partnership and a corporation. Like a corporation, it is a separate legal entity from its owners, called “members.” This way, it provides members with a layer of protection from personal legal liability for the company’s business activities.
This blog explains the basic principles of trusts and the reasons for creating them. It explains different trusts and their characteristics. It also covers estate planning objectives that can be achieved through trusts, and the potential advantages and disadvantages.