Are you in the process of launching a business? Are you concerned about choosing the right structure? Have you come to learn more about an S corporation?
What are the benefits of an S corporation?
What is breach of fiduciary duty by a trustee?
Maybe you have noticed something is unusual or just does not set right with a relative’s trust fund management. A breach of trust committed by a trustee is when someone else besides the beneficiaries benefits from how a trust’s assets get used.
Resolving breaches in contract: What you need to know
A breach of contract sounds bad, and it very much is. In most people's worst nightmares, it's a breach of contract that leads to their business ideas ending up in competitor's hands. The reality is that breaching a contract does have far-reaching consequences and does need to be taken seriously.
LLC not always an option in California
Every new start-up business has many different ways that it can be organized, all of which have advantages and disadvantages. Often, the limited liability corporation (LLC) is the simplest and best way to proceed. In California, however, most professional service providers are specifically prohibited from doing so.
Essential items for secure distributor agreements
A distribution agreement is a legally binding document between parties that outlines the right to sell merchandise in return for fair compensation. A distribution arrangement is essential for product circulation and a strong distribution agreement is a must for establishing vendor relationships. Using a distributor is an effective way to place products in new or expanding markets.
Financing and legitimacy concerns for international new ventures
When attempting to start an international venture, the focus should be on finding a way into the market and cementing business relationships. Both of these tie back to legitimacy and financing which are necessary to create venture sustainability.
Anna Nicole Smith is the perfect example of inheritance issues
The story of the wicked step-mother is one that spans countless languages and cultures across the world. Stateside we have a modern-day version of this timeless tale that involves a gold-digging woman who swindles an older man who is already financially well off into giving her all of his assets.
Modern families require new strategies for wealth management
According to census data, the American family has changed. Fewer are comprised of the traditional nuclear family of two heterosexual parents and a couple of children.
Is your trustee a thief?
Managing the financial undertakings of someone’s trust is not as easy as signing a few checks. A trustee safeguards assets for someone else. When selecting someone to put in charge of a trust, whether family member or close friend, the situation can become complicated if it appears that some form of theft has happened to the trust. Attempting to prove that fraudulent activity has occurred is difficult. There are several signs to look for when reviewing the trustee’s use of the account that demonstrate the fraudulent use of the trust.
When a trustee is not trustworthy
We expect a lot from people entrusted with our money. Those who have fiduciary duties may be trustees, estate administrators, guardians, or agents. They have access to your accounts, and they must conduct themselves with scrupulous honesty. They are not allowed even a hint of self-dealing or conflict of interest.
