16 03, 2019

The Employee Handbook: The Holy Grail of Your Business

By |2019-03-05T19:29:27-07:00March 16th, 2019|Categories: Business Planning, Financial, Taxes|Tags: , , , , , |0 Comments

Employee handbooks address the who, what, where, why, and how of your business operations.  Your employee handbook will protect you and your business by setting expectations and providing consistency for your employees when situations arise. What Information Should an EmployeeHandbook Include? Ideally, employee handbooks address anything significant related to [...]

15 03, 2019

Who Should Be Your Successor Trustee?

By |2019-03-05T20:05:21-07:00March 15th, 2019|Categories: Estate Planning, Trust|Tags: |0 Comments

If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually, someone will need to step in for you when you can no longer act due to incapacity or after your death. Your successor trustee [...]

14 03, 2019

LLC Members: What You Need to Know about Your Fiduciary Duties

By |2019-03-05T18:52:48-07:00March 14th, 2019|Categories: Business Planning, Limited Liability Company (LLC)|Tags: |0 Comments

As a member of an LLC, you may owe a fiduciary duty to the company. The two key fiduciary duties are the duty of loyalty and the duty of care. Whether you have a fiduciary duty will depend on the LLC’s management structure and whether you have management responsibilities. [...]

13 03, 2019

Your Post-Honeymoon Legal Checklist

By |2019-03-05T17:46:19-07:00March 13th, 2019|Categories: Estate Planning|Tags: , , |0 Comments

Your wedding is over, and the day was perfect. You went away on your honeymoon with your new spouse and had the time of your lives. Now you are back and can breathe a sigh of relief and watch the rest of the years ahead unfold before your eyes. [...]

12 03, 2019

Making an S Corporation Election as a Married Business Owner

By |2019-03-05T12:42:59-07:00March 12th, 2019|Categories: Business Planning, Financial, Taxes|Tags: , |0 Comments

If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse [...]

11 03, 2019

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits

By |2019-03-05T12:09:17-07:00March 11th, 2019|Categories: Business Formation, Business Planning, Estate Planning|Tags: |0 Comments

WARNING:  Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits.  This is absolutely not true. While Trusts commonly offer asset protection for beneficiaries, few Trusts protect assets owned by the person who created the Trust. No [...]

9 03, 2019

LLC Operating Agreement: Is a Non-Compete Clause Necessary?

By |2019-03-04T14:56:22-07:00March 9th, 2019|Categories: Business Planning, Limited Liability Company (LLC)|Tags: , |0 Comments

You and several friends start a new business and operate it as a limited liability company (LLC). Now that you’ve completed the first step—choosing a business entity—it is now important to prepare an operating agreement. The operating agreement is a contract which governs the operations of the LLC and [...]

8 03, 2019

Is a Financial Plan Enough? Why Experts Say You Need an Estate Plan, Too

By |2019-03-04T14:35:55-07:00March 8th, 2019|Categories: Estate Planning, Financial|Tags: |0 Comments

To leave a robust financial legacy for your family, a financial plan alone is like trying to guide a boat with just one oar. It’s only part of the big picture for your overall monetary health. A well-informed financial plan is worth your time for several reasons, but let’s [...]

7 03, 2019

Managing the Money Aspect of Your New Business: It’s Easier Than You Think

By |2019-03-04T14:13:33-07:00March 7th, 2019|Categories: Business Formation, Business Planning, Financial|Tags: |0 Comments

Coming up with a great idea that can be turned into a prosperous business venture takes a certain talent.  Knowing how to get your great idea financed and properly managed, takes another. However, it may be easier than you think.  What You Need, What You’ve Got, and Where to Get [...]

6 03, 2019

Wondering Whether You Need to Update Your Estate Plan? Yes, You Do and Here’s Why

By |2019-03-04T13:44:29-07:00March 6th, 2019|Categories: Estate Planning|Tags: |0 Comments

Please allow us to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has changed some years later. We’ll use the Kendrick family as an example. Meet the Kendricks Meet Bill and Karen [...]