A business can be a lot to handle for one person. That’s why many people create business partnerships. There are many benefits to a business partnership, such as sharing liability and expanding client awareness. Business partnerships can last for years. These...
When should you update an estate plan?
Most people do not have an estate plan, so you are already ahead of the game if you have created one. If you haven’t, along with roughly 2/3 of Americans, it may be time to consider getting one in place. But it’s not just drafting the estate plan that is important....
3 business transactions you cannot avoid as an entrepreneur
Entrepreneurship is a journey filled with challenges, opportunities and pivotal decisions. In the dynamic world of business, there are certain transactions that every entrepreneur inevitably encounters. These transactions play a crucial role in shaping the trajectory...
How forbearance can help you manage a commercial property loan
In the dynamic world of commercial real estate, financing plays a pivotal role in enabling growth and success. However, economic uncertainties, market fluctuations and unforeseen challenges can disrupt the smooth repayment of commercial property loans. This is where...
How to handle shareholder disputes
Your company's shareholders are crucial as they essentially own the business. Thus, it helps to be on the same page with them. However, disputes between you and shareholders or among themselves can arise. Several factors can contribute to this, including breach of the...
3 crucial considerations when investing in commercial real estate
Real estate investment (residential or commercial) is, by all means, a huge undertaking. Whether you are buying to lease or open a new store, you want to be sure that the commercial property you are putting your hard-earned money on is worth it. To get value for your...
3 elements to include in your partnership agreement
The decision to get into a business partnership with another person is a huge one. Maybe the prospective partner is a family member, a childhood friend or an investor. Whatever your relationship with a potential partner, one of the most important things you need to...
How many powers of attorney types are available in the Metroplex?
There are several types of power of attorney that individuals can utilize for various legal and financial purposes. Understanding these different types is crucial for anyone seeking to appoint an agent to act on their behalf in specific situations. General Power of...
Creditor scrutiny can help identify fraudulent transfers
Laws require businesses to provide almost complete transparency regarding financial and business decisions leading up to filing bankruptcy. Unfortunately, some will try to hide money or assets through fraudulent transfers before filing. While rare, owners, officers or...
Commercial real estate lease clauses to know
Commercial real estate leases are often lengthy and dense. Ideally, they protect the owner's and lessee’s interests. These contracts will identify the usual basics of the exact commercial property the tenant will occupy, the length of the agreement with start and end...