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How to Legally Terminate an Employee

Posted by Chris Peterson | Jul 06, 2020 | 0 Comments

How a business handles terminating an employee can either increase or decrease the risk of negative consequences like lawsuits and unfavorable public attention. Here are the best practices to keep in mind if you are considering terminating an employee.

What Is an S Corporation and Should I Form One?

Posted by Chris Peterson | Jul 02, 2020 | 0 Comments

Contrary to popular belief, the S corporation is not a distinct entity type. According to the Internal Revenue Service (IRS), an S corporation is a corporation that has elected treatment as a pass-through entity for federal income tax purposes under Subchapter S of the Internal Revenue Code[1]. This tax election allows the corporation to enjoy a unique combination of benefits if it meets the requirements.

Why Your Marital Agreement Should Be Shown to Your Estate Planner

Posted by Chris Peterson | Jun 29, 2020 | 0 Comments

It is not uncommon for couples to enter into marital agreements stating what property is separately owned by each spouse and the property rights each spouse will have in the event of separation, divorce, or death. Because these agreements can change or limit a surviving spouse’s right to inherit, play certain roles in their deceased spouse’s estate plan, or take advantage of certain tax benefits, they can have a substantial effect on an estate plan.

Legal Requirements to Consider When Selecting an Executor

Posted by Chris Peterson | Jun 29, 2020 | 0 Comments

The person you choose to be your executor (sometimes called a personal representative) will play an extremely important role, as that person will be responsible for gathering, securing, managing, and ultimately distributing your money and property when you pass away. As a result, you should make your selection only after careful consideration regarding who is the best person to fulfill this role.

Legal Considerations When Hiring an Intern

Posted by Chris Peterson | Jun 25, 2020 | 0 Comments

Internships can be beneficial to both you as a business owner and the intern. Interns can receive hands-on training in their field of interest while assisting your company in reaching its goals. However, it is important to keep in mind the various legal considerations and requirements associated with this specific type of hire.

Assisted Reproductive Technology and the Real Impact on Estate Planning

Posted by Chris Peterson | Jun 22, 2020 | 0 Comments

Assisted reproductive technology is an issue that could have a major impact on estate planning for families seeking to have children through its use. We can help you ensure that children born as a result of ART have a financially secure future, as well as help you think through whether you want to make a gift of your genetic material if you pass away before it can be used.

What Are the Benefits and Risks of Forming an LLC?

Posted by Chris Peterson | Jun 18, 2020 | 0 Comments

A limited liability company (LLC) is a business entity that protects its owners, referred to as members, from being personally liable for the debts of the company. The LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.

How to Handle Savings Bonds in Estate Planning and at Death

Posted by Chris Peterson | Jun 15, 2020 | 0 Comments

There are several estate planning issues you should keep in mind if you have savings bonds or plan to invest in them. If you own savings bonds or are considering investing in them as part of your financial plan, we can help you consider the pros and cons, as well as the best ways to title them in order to achieve your estate planning goals.

Force Majeure Clauses in Light of COVID-19

Posted by Chris Peterson | Jun 13, 2020 | 0 Comments

Businesses across the globe have experienced unprecedented interruptions and closures because of the COVID-19 pandemic. As a result, many businesses are finding it difficult to perform their contractual obligations. Consequently, a common but often overlooked contractual clause is in the limelight: the force majeure clause.

Key Considerations for Managing a Remote Workforce

Posted by Chris Peterson | Jun 10, 2020 | 0 Comments

As a business owner, you may be exploring the idea of permanently utilizing a remote workforce; however, you may not be aware of all of the relevant factors to consider and preparations to implement. Be sure to take the following measures as you move toward permanent virtual employment.

How to Reopen Your Business After COVID-19

Posted by Chris Peterson | Jun 08, 2020 | 0 Comments

Despite the uncertainty that has accompanied the COVID-19 pandemic and that still lies ahead, one thing remains certain: Most businesses will eventually reopen. Business owners navigating this new landscape must figure out how to restart their operations while keeping their staff and customers as healthy as possible.

Retirement Updates Amid COVID-19

Posted by Chris Peterson | Jun 04, 2020 | 0 Comments

On May 4, 2020, the Internal Revenue Service (IRS) published questions and answers regarding retirement provisions in Section 2202 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In addition to providing aid for individuals and businesses, the CARES Act increases accessibility to funds and loans from certain retirement plans and accounts

What Small Business Owners Should Know About the COVID-19 Stimulus Package

Posted by Chris Peterson | Jun 03, 2020 | 0 Comments

As small business owners grapple with the economic realities of nationwide stay-home orders and social distancing mandates, legislatures have been updating laws and developing new programs to keep the economy afloat. The latest and most groundbreaking is the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion stimulus package aimed at supporting individuals, businesses, and governments now and beyond this pandemic. The federal government has earmarked $377 million to help small businesses avoid failure and encourage them to retain their workforces. Here are the most important things for business owners to know about the CARES Act.

Legal Considerations for Your Business during a Pandemic: Responding to COVID-19

Posted by Chris Peterson | Jun 02, 2020 | 0 Comments

In a matter of weeks, the COVID-19 pandemic has impacted the world and forced communities to reevaluate everything. Despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips and strategies to help you navigate these challenges and the ones to come.

Caught in the Undertow: How No Estate Plan (or a Bad One) Could Leave Your Family Overwhelmed

Posted by Chris Peterson | May 21, 2020 | 0 Comments

There are a number of dangers associated with failing to put a well-thought-out estate plan in place that could make your family members feel as though they are drowning if you were to pass away. A carefully designed estate plan is like a life vest for your family in a rough sea. Losing a family member is never easy, but we can help you put plans in place that will provide you with the peace of mind of knowing that your grieving family will not be overwhelmed if you die.

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