When you are planning to enter a business partnership with another individual, you should draft a partnership agreement before anything else. This will help to be proactive and decrease business disputes down the road. Likewise, a business must also plan for what is sometimes referred to as a business divorce. In situations where a business […]
Not all disputes between business partners or even family members can be resolved on their own. Sometimes it takes additional help from someone who is looking at both sides from an outsider’s perspective. Most people believe that if they cannot resolve issues by themselves, that the next step is to take the dispute to the […]
When you’re updating or creating important documents like wills, trusts, business agreements, and power of attorney documents as circumstances change, you’ll want to ensure that the documents will be valid in court if your dispute cannot be resolved outside of the courtroom. One way to do this is to have your documents notarized at the […]
As most businesses have transitioned to working from home, signatures on documents must be executed outside of the office. There are a few ways to get signatures on documents when you’re not in the office, such as sending the documents in the mail or faxing them back and forth. However, electronic signatures are typically the […]
Creating a succession plan is an essential step in ensuring that a company continues creating wealth across generations, and yet we see so many business owners put it off until the last minute. Here are a few points to consider when planning for this transfer of ownership to help prevent a business dispute from […]
An Employee Stock Ownership Plan (ESOP) is a benefit plan allowing employees to buy or earn stock in their employer’s company. How Do ESOPs Work? Essentially, a company sets up a trust fund into which it contributes new shares of its own stock or cash to buy existing shares. Alternatively, the owner of a private […]
There are few things in this life as emotionally exhausting as a divorce. Not only are you grieving an ended marriage, but you are immediately tasked with a pile of paperwork to review and sign. Between bank statements, proof of income, mortgage statements, tax returns, retirement account statements, and more, it’s easy to feel like […]
A family office is a wealth management and advisory organization that assumes the daily administration and management of a family’s (or multiple families’) affairs, primarily for high net worth individuals and families with complex financial needs and objectives. Who Needs a Family Office? Families or individuals who require the services of a family office typically […]
Did you know that 80% of all wealth in the United States passes through family-owned or closely held companies? Unfortunately, 90% of those companies fail within two generations of the founder’s death. The reason? Failure to properly plan for transitioning the business to the next generation. In a recent episode of the Wealth Matters Radio […]
Litigating a breach of contract claim can be lengthy and costly. The time required to litigate a dispute takes valuable time away from running a business, which can lead to cash flow issues and other financial problems. Choosing to resolve a dispute through Alternative Dispute Resolution (“ADR”) can alleviate these concerns. How Alternative Dispute Resolution […]
