Entrepreneurial Immigrants: Building the American Dream
The American Dream of starting your own business and pulling yourself up by your bootstraps is alive and well. In fact, it is the creation and growth of small businesses that is instrumental in helping America recover from the Great Recession. What many do not realize is that a significant percentage of new business...
Entrepreneurial Immigrants: Building the American Dream Continue reading…How to Leave Gifts to Step-Children
Today, blended families have become increasingly common, and many individuals have step-children, that is, children of a spouse or partner. In situations where step-children have not been legally adopted, however, they do not have a legal right to an inheritance from a step-parent. For those who wish to leave step-children part of their estate ,...
How to Leave Gifts to Step-Children Continue reading…Federal Trademark Registration
There are many advantages to registering a mark with the United States Patent and Trademark Office (USPTO). A licensed trademark can provide “constructive notice” to customers on a national basis. Moreover, if there is a lawsuit, a valid registration can be used to substantiate or prove ownership of the mark. A trademark is used to...
Federal Trademark Registration Continue reading…Obtaining Venture Capital
It is no secret that it takes money to make money. Not all business owners have the money they need to get their ventures off the ground and therefore many require financing.
Venture capital is a type of financing that is different from the financial support a business would customarily obtain from other lenders. Venture...
Obtaining Venture Capital Continue reading…Top Five Estate Planning Mistakes
In spite of the vast amount of financial information that is currently available in the media and via the internet, many people either do not understand estate planning or underestimate its importance. Here's a look at the top five estate planning mistakes that need to be avoided.
1. Not Having an Estate Plan
Top Five Estate Planning Mistakes Continue reading…Who Owns A Business’s Customer List?
Many businesses have customer lists that they consider their own private property. It is common, however, for sales representatives and other employees to regard customer lists as theirs too, something they can take to a new employer. Employment agreements, confidentiality agreements, non-competes, and non-solicitation agreements can all be used to eliminate confusion over whether...
Who Owns A Business’s Customer List? Continue reading…The Parol Evidence Rule & How it Affects Your Contract
One of the purposes behind memorializing an agreement in a written document is to ensure that the parties to the contract do not recant what they originally agreed upon. Often, parties may dispute contractual terms if contracts are not working out in their favor or are resulting in negative or unanticipated consequences. When a document...
The Parol Evidence Rule & How it Affects Your Contract Continue reading…An Overview of Foundational Corporate Documents
There are a number of steps involved in forming a corporation from selecting a name, obtaining the necessary licenses and permits, paying certain fees, and filing foundational documents with the appropriate state agency. While an attorney can help prepare and file the required papers, the owners, officer and directors should have a...
An Overview of Foundational Corporate Documents Continue reading…Capacity to Contract – Minors, The Mentally Disabled & The Intoxicated
The value and success of a business often rests on the ability of the principals involved to make and enforce contracts with third-parties. However, if the person who entered into a particular agreement did not have the “capacity to contract” in the first place, then those contracts may be “voidable.” A contract is “voidable”...
Capacity to Contract – Minors, The Mentally Disabled & The Intoxicated Continue reading…Use of Non-Disclosure Agreements
As a small business owner, it is essential to protect sensitive information that is often referred to as trade secrets. While some well known examples of trade secrets include the formula for Coca-Cola and Google's algorithms, any business information such as practices and techniques, processes and procedures, needs...
Use of Non-Disclosure Agreements Continue reading…Refusing a Bequest
Most people develop an estate plan as a way to transfer wealth, property and their legacies on to loved ones upon their passing. This transfer, however, isn’t always as seamless as one may assume, even with all of the correct documents in place. What happens if your eldest son doesn’t want the family vacation...
Refusing a Bequest Continue reading…Common Types of Will Contests
The most basic estate planning tool is a will which establishes how an individual's property will be distributed and names beneficiaries to receive those assets. Unfortunately, there are circumstances when disputes arise among surviving family members that can lead to a will contest. This is a court proceeding in which the validity of...
Common Types of Will Contests Continue reading…