When you start a business with a trusted partner, you likely expect the two of you to make decisions together without major problems. Still, disagreements can happen as your company grows. Questions about expansion, finances or leadership may create tension between...
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4 reasons new parents should not overlook an estate plan
Becoming a parent often brings a big shift in perspective. Concerns that once felt distant can suddenly feel relevant and urgent. Many new parents put off estate planning because it seems complicated, premature or something they can revisit later when life slows down....
5 essential clauses every business agreement needs
Every business agreement carries risk. Unclear contracts increase that risk. Contracts set the duties and expectations for all parties. They help prevent misunderstandings and conflicts. Well-crafted agreements help your business run smoothly and build a foundation...
4 key life events that prompt an estate plan update
Life rarely stands still. As people experience major milestones, their personal and financial situations often change greatly. An estate plan, made carefully at one time, might no longer truly show current wishes or properly protect assets and family members. While...
Can real estate investors convert commercial space into condos?
Developing a portfolio of real estate investments can create a stream of revenue. It can also help investors multiply their personal resources. Taking vacant land and developing it into a thriving strip mall with numerous small businesses can be a lucrative endeavor....
3 tips for estate planning as an investor
Investing can be a smart way to take existing resources and multiply them. Investing in stocks could result in regular dividend payments if the companies are successful. Investing in digital assets or real property can also eventually lead to substantial gains for an...
Choosing the right personal representative during estate planning
An individual establishing an estate plan has to make numerous important decisions. They have to select their beneficiaries and determine what each person should inherit from the estate. Those who intend to use a will to transfer their property to specific...
3 business decisions that could lead to partnership disputes
The decisions that any business partner makes can affect their company and, therefore, the finances of their partner(s). Sometimes, each partner makes certain types of decisions. Other times, one partner may handle much of the day-to-day management of the company...
What happens if someone dies without a will?
People often turn to wills and other estate planning documents for guidance after someone dies. Estate plans can talk about the distribution of someone's property and the care of their loved ones. Unfortunately, quite a few people die without any estate plan on...
3 steps for handling a vendor or service provider contract breach
Contractual agreements are the lifeblood of most businesses. A contract with a vendor ensures that a production facility has the raw materials it needs to efficiently produce the goods it distributes to consumers or other businesses. A contract with a service provider...
