June 20, 2023
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No matter how sophisticated a Client may be, there is always a sense of concern…
No matter how sophisticated a Client may be, there is always a sense of concern and fear upon learning that litigation has been filed against them. Knowledge of a lawsuit comes when a Summons and Complaint are served. Irrespective of size, odds are that every business will someday be sued. Remember, if you are sued…
When providing tax and business advice to individuals and companies, an attorney must keep in mind many aspects of the law and goals of the business owner. Over the past several months, I have written several articles relating to the “protection” of individuals and corporations and avoiding “piercing of the corporate veil.” As the year-end…
Over the past several months in my articles, I have been stressing to business operators and owners the fact that in order to protect their assets from potential creditors or claims, it would be prudent to incorporate or form a limited liability company. As I have been informing you, a corporation will not only provide…
At the end of every year, there is a flurry of activity as individuals and companies seek to find last minute “tax write-offs” and to “protect their assets.” Unfortunately, while there are some very legitimate and proper ways to accomplish some last minute tax and asset protection, individuals and companies fail to use foresight and…
Recently, some governmental agencies have stepped up their efforts to have various “independent contractors” classified as employees and have been taking action against business owners. Many small business operators attempt to have individuals who are providing services to them be classified as “independent contractors”, in order to avoid the cost and paperwork of reporting an…
As we begin the new year, it is time for all businesses, large or small, to consider steps to protect and preserve their business and assets from unwanted claims and liabilities. Most business owners work hard to establish and grow their business and to create personal net worth. Unfortunately, as business grows, so does the…
“Death” is a subject that most people try to avoid discussing, but is an event that will affect each one of us and should be addressed in order to protect your family and your business. Proper estate planning is critical to everyone. The need to plan exists for all individuals, whether or not a person…
It takes years of hard work to build a successful business and once created, most business operators can see themselves at the helm, directing operations for years to come. Unfortunately, most business operators do not plan for the unwanted event of death due to accident or the passage of time (old age), which can lead…
