Revocable vs. Irrevocable Trusts

Revocable vs. Irrevocable Trusts

Revocable vs. Irrevocable Trusts In general, a trust is a separate legal entity that a person sets up to manage his or her assets. Trusts are set up during a person’s lifetime to assure that assets are used in a way in which the person setting up the trust deems...
Forming a Corporation

Forming a Corporation

Forming a Corporation The following steps provide a guideline to help you form a corporation properly. Note that, depending on the state in which you live, you may or may not have to take all the steps outlined below to start a corporation. To obtain state-specific...
What is Probate?

What is Probate?

What is Probate? What is Probate? Essentially it is a legal process that takes place after someone dies. It includes several steps: proving in court that a deceased person’s will is valid (usually this routine matter)  identifying and inventorying the deceased...
LLC vs. Corporation: Which Works Best for Me?

LLC vs. Corporation: Which Works Best for Me?

LLC vs. Corporation: Which Works Best for Me? There are many benefits to forming a Limited Liability Company (LLC) or corporation rather than owning the business personally. So long as they are in compliance with state law, both LLCs and corporations offer full...
Five Critical Steps to Protect Assets with an LLC

Five Critical Steps to Protect Assets with an LLC

Five Critical Steps to Protect Assets with an LLC Forming a limited liability company (LLC) is an important first step to protect personal assets. An LLC provides some protection from the liabilities that company’s inevitably come across during the normal, everyday...