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Starting a New Business? Choose the Right Entity
When you set out to start a new business you’ll need to decide early in the game if you wish to proceed as a sole proprietor or as a fictitious entity such as a LLC, S Corp, C Corp, or Partnership. If you go the sole proprietor route you won’t be operating under a corporate shield. Notwithstanding, you may have a dba (“doing business as”) name for your enterprise rather than your actual name. As…
Nevada Probate Avoidance Strategies – Part 1 of a 5 Part Series – Make Gifts While You Are Alive
When you pass away your estate may be required to go through probate (with a will) or administration (without a will). These judicial processes are used to accomplish the legal transfer of your property to your beneficiaries and heirs. Many families position themselves to avoid the delay and expense of probate and administration. By far the most popular strategy used by estate planners to avoid probate involves the creation of a revocable living trust. There…
How Will Your Estate Descend? If you missed the presentation, stay tuned. Later this month KNPB will be recording the presentations for television and Youtube.
Kevin Walsh, Managing Attorney of 1Source Law and the Living Trust Source, discusses Wills, Trusts and Probate at the Estate Planning Series in Reno. The series is presented by KNPB Channel 5 and the Community Foundation of Western Nevada with the support of other nonprofit sponsors. If you missed the presentation, stay tuned. Later this month KNPB will be recording the presentations for television and Youtube.
Surviving the Litigation Pressure Cooker
Revised 08/27/18 Companies locked in the litigation pressure cooker can experience financial meltdown as the opposition turns up the heat. An abusive yet common litigation tactic is to force settlement by causing the adversary to incur heavy attorney fees in discovery and pretrial motion practice. Here’s some of the fastest financial resource burners: Written Interrogatories – These are written questions about your defenses and claims. Company staff can spend days working with Attorneys preparing carefully…
Contract Negotiation Tip 004 | Mediation Clauses & the Art of Deception
Mandatory mediation clauses are often included in commercial contracts. They require the parties, in the event of a dispute, to sit down with a neutral mediator in an effort to find their own resolution before initiating a lawsuit. Mediation works great when both parties participate in good faith with an honest intent to resolve the dispute. In situations where only one party is sincere, however, the mediation process can become a ruse de guerre (French…
