Category: Newsletters

Duties of Stockholders of Close Corporations

Many smaller business owners elect to conduct their enterprise in the form of a corporation or limited liability company.  In doing so, they recognize the benefits this form of entity provides such as limited liability and perpetual existence, among others.  However, what may be underappreciated is the nature of the obligations and duties stockholders of close corporations and members of limited liability companies owe to one another and to the entity itself.  These obligations and duties are fiduciary in nature. Business owners would

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Employment Law Food for Thought

Running and growing a business is stressful enough in today’s economic environment without having to deal with personnel problems.  Don’t let the technical requirements relating to employees and your obligations to them create added stress.  There are several areas where sound planning and attention to detail can help business owners prevent many of the problems that can arise when dealing with employees. Worker’s Compensation Insurance All employers know, or should know, that they are required to provide worker’s compensation insurance

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Some Thoughts About Estate Planning

Our office has had the pleasure of assisting thousands of clients in meeting their estate planning needs.  With proper planning, you can prevent unnecessary complications, delay and expense, and, perhaps most importantly, litigation over your estate.  There are numerous estate planning vehicles utilized by attorneys, but a will is usually the first document that comes to mind when considering your estate plan.  The following are a few important items to think about when considering the preparation or revision of your

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Trusts

What is a trust? A trust is a separate legal entity for holding and investing property.  One or more persons (the “trustee”) holds property, usually real estate or investments, for the benefit of another or several other people (the “beneficiary”).  The person who gives the property for the trust is known as the “donor” or “grantor”.  The trustee holds legal title or interest and is responsible for managing, investing, and distributing the assets or property of the trust.  The beneficiary

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Making the Most of Your Retirement Benefits

The stock market growth of the past few years has added tremendous value to the retirement plans of many Americans and made it much easier to maintain their standard of living once they stop working. However, it has made one of the more difficult financial and legal planning decisions facing most Americans that much more important.  Not only are the mandatory withdrawal rules complicated, but it’s impossible to predict how long you’re going to live.  Choices you make today, in

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