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March 18, 2013

What About the Taxes on the Real Small Business Owners

Most small business owners do business as Sub S corporations or other pass through entities. Changing the corporate tax rate will not help them. I know that most of my clients and business acquaintances do business in a form that passes net income through to their personal 1040’s where the tax is paid. But most […]

Business Law
March 16, 2013

Collecting your money – 5 Steps that can help cash flow

As a small business owner, collecting the money you are owed can be critical. In trying financial times like these, every dollar is important to maintaining your own credit and staying profitable. Because other businesses are also experiencing cash flow problems in this economy, many are managing by taking longer to pay their bills while […]

Business Law
February 21, 2013

Notifying Tenants about a Foreclosure

If you have a renter who signed a lease and your property is at risk of foreclosure, that renter may have some protections and rights that you should be aware of. Federal Law In 2009 the federal law known as the “Helping Families Save Their Homes Act of 2009.” was enacted, with the aim of […]

Business Law
January 15, 2013

Is Your Contract Notice provision up to date?

What is a Notice Provision Anyway? Almost any contract that is properly drafted will have a “Notice” provision or clause. This clause states where the parties are agreeing to receive notices about matters relating to that contract. This clause is almost always treated as an afterthought. It is an item that should be periodically reviewed. […]

Business Law
November 11, 2012

Single Member Operating Agreements – Do you need one?

Well, if you live in a place where it rarely rains, might you still need an umbrella? Maybe, maybe not. But getting wet is definitely not as severe a consequence as having your corporate veil pierced and your personal assets exposed. This question comes up a lot with small business owners. They file the proper […]

Business Law
November 2, 2012

Do It Wrong and your Limited Liability Company will Not Protect You

There’s a reason it’s called a “Limited” Liability Company and not a “No Liability” Company. But just calling yourself an LLC and filing your articles of organization isn’t enough. If something goes wrong, that LLC alone won’t be enough to protect your personal assets. In fact, you may have completely overlooked creating an operating agreement, […]

Business Law
September 6, 2012

Quitclaim Deed to LLC – Is it okay to do?

Protecting Your Real Estate Investment I am often asked by clients whether it makes sense to transfer a real estate investment property to a limited liability company. This question comes up for investors who own or only a few residential investment properties. There is no question that this is probably a very good asset protection […]

Business Law
August 22, 2012

How to Amend or Change your Contract

Changing or Amending Your Contract There are many advantages in using standard contract forms if you do similar or multiple transactions. Often such forms have evolved from earlier litigation battles and the editing of legions of attorneys. While I often counsel clients who are presented with such contracts to have them reviews at the first […]

Business Law