Legal Advice

So you didn’t sign a prenup and you are scared of losing your business? If YES, here are 27 iron-clad ways to protect a business in a divorce without a prenup. Divorce is one thing no married couple thinks about on the wedding day or the honeymoon, but the fact remains that a lot of …

Are you about going through a divorce proceeding? If YES, here are 9 easy but fail-proof ways to protect your business from a divorce law suit. We all hope for ‘happily ever after’ when getting married but unfortunately, not everyone gets to enjoy this. A lot of marriages end up in divorce and divorce rates …

Are you about getting a personal loan or filing for bankruptcy? If YES, here are 10 easy fail-proof ways to protect your business assets from personal creditors. Everyone hopes for their businesses to succeed and hopes to not have a lawsuit on their hands which would lead to their business assets being used to settle …

Are you running a home-based business? Or, in other words, are you using part of your home for business purposes? If you just gave a ‘yes’ answer, then you can reduce your total tax expenses by deducting from it the expenses for the business use of your home. You can enjoy this deduction whether you …

If you are facing huge financial problems due to huge unpaid tax debt, filing an Offer in Compromise (OIC) to the Internal Revenue Service (IRS) could present the escape route you always wanted. An OIC allows you to settle your tax for less than the total amount you owe. The OIC program was created by …

Are you overwhelmed by rising debts and you seek a way out but lack ideas on what to do? If YES, here is exactly how to get out of tax debt fast in 4 simple steps. Only few things could be more frustrating than battling to pay up your tax debt. When it’s huge enough, …

Are you a freelancer working from home? Or you recruit staff remotely? If YES, here is how to make a contract you made online legally binding in 6 easy steps. The internet has continued to make communication very easy and has also turned the world into a global village. Some years back, for business owners …

Do you want to exit a non-compete but don’t know how? If YES, here is a complete guide on how to get out of a non-compete agreement legally in 5 simple steps. If you are an employee who is working in an organization that has the power and potential to empower you with top notch …

The type of leasehold estate that has a definite beginning and ending date is an Estate for Years. An estate for years is a type of lease, with the tenant leasing real property for a specific amount of time. Since it has a beginning date and an ending date for the lease, the lease usually …

What does it mean to pierce a corporate veil and how can it be done? Here is a detailed explanation of what it means to pierce a corporate veil and how to do it. What is a Corporate Veil? Corporate veil is a term used to describe the separation of a corporation from its owners. …

Do you want to take a business partner or form an LLC and you need to write an agreement? If YES, here is a guide on how to properly calculate sweat equity. Sweat Equity simply means sharing ownership of your start-up with your team, including employees, consultants, advisors, board members, etc. For a lot of …

Do you want to know if there is a law in USA, Australia, Canada or UK that sets a limit to how much profit a company can make? If YES, i advice you read on. In the United States or anywhere in the world, making too much profit will surely attract competition to the company …

The Better Business Bureau is an organization that was established decades ago to serve as a sort of middleman between businesses and consumers. Once issues arose, or disputes erupted, the BBB offered at least one way that consumers could potentially address the issue and the business owners could then respond. In 1912, the “National Vigilance …

A contract simply refers to an agreement between two parties to initiate a legally-enforceable obligation to perform, or refrain from performing a certain task. It can relate to almost any kind of transaction, including a sale, service, transfer of property ownership, or a combination of different kinds of transactions. Note that parties entering into a …

Unless you are deeply involved in real estate, you may never have heard about the quiet title action. The quiet title can serve as a sure way to gain clear ownership over a property, to include not only the land but a home or building that may be located there, along with any outbuildings or …

No, since small claims court is a civil court and not a criminal court, you won’t get an arrest warrant for not going to a small court. Instead, the Plaintiff can ask for a default judgment against you. However, for the Judge to grant the default judgment, the Plaintiff is still expected to prove their …

In the United States, the Thirteenth Constitution Amendment bans slavery and protects all people from forced labour with the exception of one group: prison inmates. The United States justice system more or less requires inmates to work as part of their sentences, and many do routine maintenance jobs within prison walls. In this present age, …

No matter the type of business or commercial venture you engage in, be it wholesale or retail shops, corporate or non-corporate offices, garages or workshops, production factories or storage facilities, you will definitely need a property to operate from. We agree that some businesses operate from their own facility, but most businesses operate from commercial …

A certificate of good standing is simply a document that states your company is legally registered with your state. The document serves as proof that you are authorized to do business there and that you follow all state requirements, like submitting required documents and paying taxes and other fees. This certificate also called by other …

Public notices are noted as one of the few regular and official communication channels that exist between levels of government and citizens. Public notice laws additionally regulate the way in which government communicates with citizens. The cost to put a legal notice in the newspaper tends to vary greatly from place to place and depending …

If you do not show up to a small claims hearing, the creditor usually wins automatically “by default”. The judge will verify that the plaintiff served the defendant with court papers, that neither party requested a postponement, and that there is some basis (evidence) supporting the plaintiff’s case before issuing a default judgment. Note that …

It is expected that whenever people have a contract or any business relationship with a body or organization, they ought to have one form of agreement or the other in order not to be cheated along the line. This is why it is needful to draw up a contract document that is legally binding on …

If you own a business through which you purchase goods or products and resale them, then you should have a reseller’s license. This license is also known as resale number, resellers permit, or sales tax identification number. With this permit, you can collect and remit sales tax to your state Department of Revenue. A resale …

A patent is a right that is given to an inventor to make, use or if he or she so wishes, sell an invention. It further confers on the inventor the right to license and sell it to others who will make, use or sell it. A patent should cover some certain details so that …

The thought of someone claiming ownership of your idea can be very frightening for everyone. At the same time, bringing an idea to materialization needs input from other people. Appraisal of a product cannot be avoided and requires the services of an industry expert. You also need to work with a manufacturer to fabricate the …

A confidentiality agreement also known as a non-disclosure agreement is a contract between two or multiple individuals within which an agreement is made that the information within will be kept secret by all the parties involved. Most times all the entities involved are required to hold on to the terms of secrecy within the agreement, …

The right answer to the above question will depend on where you reside in the United States. Non-compete agreements are governed by state law, not federal; and not all states support non-compete agreements. In states where the agreements are supported, the terms of enforceability also differ from state to state. For instance, if you are …

You cannot sue a business that longer exist. This is so because a business becomes an entity when the business is registered and active. But once the business is dissolved legally and becomes inactive, it means that the business no longer exists hence it will be difficult to sue an entity that no longer exists. …

Absolutely, you can sue a company that is going out of business. As a matter of fact, the earlier you sue such a business the better for you. This is so because if you allow the business to go into extinction, you are likely going to have yourself to blame because you may not be …

The answer is YES! Businessmen and women all around the world are becoming smarter and would want to do all that is legal to cut down on their expenses, and one of the ways people achieve this, especially in the United States of America, is to transfer their personal liability to their business. Trust me, …

The fact that people with crooked characters also start businesses means that business owners can also indulge in fraudulent behaviors. One major fraudulent behavior that a business owner may likely engage in is embezzlement. So, the answer to the question of whether a business owner can be charged with embezzlement is in the affirmative. Yes, …