Bite-Sized Bits of Knowledge
BBK: Powers of Appointment
Hi, welcome back to another dose of Bite-sized Bits of Knowledge, where we give you meaningful information in a short amount of time. Today, we're going to talk about a really important provision of trusts that has relevance to wills. It's called a power of...
BBK: Asset Protection
Hi, thanks for tuning in to another dose of bite-sized Bits of Knowledge, where we give you meaningful information in a short amount of time. Today, we're going to talk about asset protection, super high level. I just want to impress upon you that there's a lot you...
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly Maybe you’re a freelancer and you want to keep things simple, but you also want to brand yourself to help get more work. Or perhaps you’re just a single person with a really cheap idea for a product or...
Understanding the Involuntary Divorce Trigger
Understanding the Involuntary Divorce Trigger If you’ve been following along, we’ve been writing quite a bit about the various types of involuntary triggers that can impact the ownership of a business when one person’s ownership stake or shares are taken away due to...
How to Strengthen Your Estate Plan to Minimize Litigation
How to Strengthen Your Estate Plan to Minimize Litigation There’s more to thoughtful and strategic planning than plugging in names and variables. It’s a process. There are a lot of moving parts. Remember that planning involves probate, guardianship, estate, gift,...
The Involuntary Bankruptcy Trigger and Bankruptcy Basics
The Involuntary Bankruptcy Trigger and Bankruptcy Basics Bankruptcy is a common trigger of an involuntary transfer. If a partner goes bankrupt, you could find yourself partnered… with a partner’s creditors. Generally, you want to keep it in the family (or within the...
Non Legal Formation Advice
Starting a Business: Non-Legal Formation Advice While you will certainly have to traverse many complex legal facets when starting a business, the broad platform for a healthy business also encompasses many non-legal pieces of common sense. Having certain practical...
Planning for Your Legacy: Big Picture Decisions and Issues
What you don’t know can hurt you – and your family and your business. Being prepared means having a plan to navigate life’s unforgiving uncertainties both during life and after death. We’re talking, of course, about estate planning, and it’s important to realize that...
What Are Involuntary Transfers and How Do They Work?
As the name suggests, an involuntary transfer of your ownership share of a business is a transfer that you are not choosing to make. It is a transfer that is forced upon you due to specific circumstances, which are generally beyond your control. What kind of...
An Introduction to Governing Documents for Your Business
Governing documents consist of shareholders agreements and bylaws for corporations, operating agreements for limited liability companies (LLCs), limited partnership agreements for limited partnerships (LPs) and partnership agreements for partnerships. They are super...
