Help Guides - Page 9
Essential Estate Planning Updates to Make After You Get Divorced
Divorce holds considerable implications not only for your financial future, but also for the future of your loved ones and even your medical care. To that end, it is imperative that you revisit your estate plan as soon as you seek divorce or separation. Keep the following estate planning considerations in mind as you proceed with your divorce. Befor...
Everything You Need to Know about Security Agreements
As a business owner, you probably need access to credit. Some of your best options for obtaining credit probably involve securing your debt with collateral. This approach could help you obtain a lower interest rate, or credit in the first place. If a creditor has security interest in your property, it will likely be outlined in a security agreement....
Including a Sunset Clause in Your Prenuptial Agreement
Robert Peterson and Laurie Sykes fell in love and decided to get married. Three days before their wedding, Robert suggested they sign a premarital agreement and Laurie agreed. As part of that agreement, they included a sunset clause, which provided a date certain upon which the prenuptial agreement (prenup) would expire. The specific language stated...
The McCourt Postnuptial Agreement Case
When well-known public figures get divorced, journalists often report on a prenuptial agreement that may make the property settlement easy. Not too long ago, when country singers Blake Shelton and Miranda Lambert decided to end their marriage, the Oklahoma court proceedings hardly caught the attention of the press. In fact, the divorce was finalized...
Are Arbitration Agreements Effective Tools?
As law progresses and builds upon past common law and similar traditions, it is understandable that we often forget the history of the law's evolution. This is especially true where dispute resolution is concerned, since diverse tribunal systems have resolved commercial disputes since the Middle Ages. Mercantile disputes in England, for example, wer...
How to Add a Member Using an LLC Admission Agreement
Once your company votes on bringing in a new member, you should ensure that you integrate the new member properly, including their contributions. The LLC admission agreement allows you to add the new member or members and information about them, including their names, descriptions of their contributions, interests sold, payment terms, and the specif...
What Is a Series LLC?
Limited liability companies (LLCs) can be an extremely beneficial business structure for large and small companies alike. They are extremely flexible and offer many of the benefits of corporations without all of the paperwork and other requirements. For these reasons, LLCs are a popular choice for many new business owners. LLCs also work well for th...
How Does an LLC Open a Business Bank Account?
Limited liability companies (LLCs) are a hybrid legal entity that offer small businesses two attractive benefits: pass-through taxation and limited liability. Someone who wants to grow their company without access to startup capital can use business losses to offset the taxes on other income—an attractive option when you are first starting out. At t...
How Your Business Can Survive and Dominate in the Startup Phase
Startups have long held a certain mystique in American culture, capturing the entrepreneurial drive and innovation responsible for our many economic and technological successes. Startup companies drive innovation and shake up otherwise......
Mutual Confidentiality Agreement: What Is It and When Is It Used?
There are many instances in life where confidentiality is a necessity. This can be true in both business and in your personal life. However, even if confidentiality is expected, it is not always delivered. Instead of simply expecting someone......