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Businesses thrive on solid relationships. But there are times when multiple businesses opt to join forces for their mutual benefit. These partnerships can be immensely valuable for all involved, but they can also be a massive headache if things go…
Trusts are among the most common and useful estate planning tools available, whether your goal is asset protection, caring for loved ones, or both. A key reason to establish trusts whether spendthrift trusts vs. discretionary trusts is to protect your…
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A trade secret is a type of intellectual property a business owns. It can be a program, formula, technique, or other confidential information not known to the public. It’s something that gives a company an edge over a competitor. Typically,…
A residuary clause establishes who will receive an asset or proceeds from the sale of an asset if the will or trust doesn't name a beneficiary for it. It’s critical to include a residuary clause in your will and in…
A subordination, non-disturbance, and attornment agreement (SNDA) is a common provision in real estate transactions involving a leased property. Although it's a long title, it's not too complicated to understand what the contract does. SNDAs are standard in lease agreements…
Transferring your business from a traditional partnership to an LLP (Limited Liability Partnership) doesn't require a lengthy or complicated procedure. The primary steps you should follow are below. Review All Agreements Check your current Partnership Agreement before beginning the process…
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One of the most valuable assets for businesses and big companies is their human capital: their employees. Companies hire employees that can produce valuable work for them. Particularly in certain industries in which intellectual property is integral to the business…
Preparing for the end of life is not a task people look forward to. Confronting your mortality is an unwelcome exercise. Proper estate planning, however, can protect everything that you’ve worked hard for during your life. It can also save…
