You’ve worked hard for your assets. Why not try to protect them? Some people may need to use asset protection strategies because they work in a high-risk profession. Others may want to protect asset...
Should I Form an S Corporation or a C Corporation?
It all starts with an idea. The idea grows into a plan, then a business. Somewhere along the way, the budding business owner picks a business entity. It may all come down to whether he or she should f...
Should You Sell Your Family Business?
Smith & Sons, Inc., had been in business for several generations. The current CEO, Henry S., had concerns about the company’s viability. Henry weighed his options carefully. One possible solutio...
5 Tips for Avoiding a Will Contest
Will contests can be heartbreaking. Family bonds may be irrevocably broken as feuds start that may last for years. It doesn’t have to be that way. Please read on to learn five tips for avoiding a Wi...
Arbitration or Mediation?
Disagreements happen, even in business and even when a good contract is in place. Sometimes one of the parties to a dispute will file a lawsuit. However, another option is alternative dispute resoluti...
What Can Make a Contract Unenforceable?
A contract is more than a piece of paper signed by two or more parties. It is a legally enforceable agreement. So, what can make a contract unenforceable? Mistakes All contracts need at least the foll...
How Divorce Affects Your Estate Plan
Some things in life have a big impact. Divorce, for example, leads to many changes in a person’s life. With everything that’s going on, it’s not surprising that recent divorcees may have given l...
How to Form a Minnesota Partnership
Jim M. and Kevin S. currently operate businesses as sole proprietors. They decide to join together and form a partnership. In order to start the business with ease, they are electing not to form a c...
What Is an Electronic Will?
Traditionally, important documents have been created and stored in paper form. As we become more familiar with technology, though, we increasingly draft, execute, and store documents in digital form. ...
Estate Plans: What Documents Do I Need?
We’ve all heard of estate planning. You may have even toyed with the idea of writing your own Will using an online website. But do you know exactly which documents you need in order to have a comple...