Businesses thrive for distinct reasons. Their strategies could change based on their operations and the resources they use to advance and expand. Certain companies bank on their intellectual properties, such as trade secrets, to give them an edge over their...
Television shows and movies depict the executions of last wills and testaments as tense struggles between rival siblings over the estate of their deceased relative. Often, the will would name a single beneficiary to inherit all the decedent’s assets at the climax of...
Married couples often own businesses together. In some cases, this means they started out as co-workers and then tied the knot. But they also may have approached the situation as a married couple with a vision of working for themselves, and then they started their...
Company owners use various measures to prevent trade secret theft and other unauthorized sharing of sensitive company information. One of the most common protective tools is nondisclosure agreements (NDAs). NDAs often protect information such as intellectual property,...
No couple expects their relationship to end, especially those who vow to enter into a marriage. But life is unexpected, and it is better to prepare for uncertainty than to go through difficulty in the future. This is why marrying couples create prenuptial agreements....
Most people who make a will have named an executor, also known as a personal representative, to take care of their assets after death. Beneficiaries expect the chosen executor to fulfill their fiduciary duties appropriately with respect to the deceased person and...
Some entrepreneurs enter a business venture with much excitement and without much thought. Businesses often fail because their foundations are not stable enough to support their existence and development. Here are some factors to consider when beginning any business....
Timing is everything in marriage, whether it’s your wedding date, the decision to start a family, or any other milestone in your married life. Incidentally, the same is true for signing your prenuptial agreement (prenup). A prenup is a contract that indicates how you...
As stock options become more popular as part of employee compensation packages, people who aren’t traditionally wealthy must contend with how to deal with them. Stock options require extra care in estate planning. Some can be transferred to heirs; others will need...
Setting up a business is both exciting and draining. The owners would need to discuss which formation is best for the company based on its needs and the owners’ priorities, among other factors. Most of the time, the best business formation is one that caters to the...
