How Can You Ensure Your Business Will Remain Viable for Generations?

Whether you've started a thriving business from scratch during your working years or have taken over and expanded a business that's been family-owned for several generations, you may be concerned about your business succession plan (or lack thereof). In fact, only about three percent of family-owned businesses remain family-owned into the fourth generation. This demonstrates the difficulty of adequate or appropriate succession planning. Fortunately, there are some strategies that may ensure the continued success of your business without pitting family members against each other in day-to-day interactions. Read More 

Working With A Patent Attorney For Your Invention

It is not required by the USPTO (United States Patent and Trademark Office) to have a patent attorney file for a patent, but there are plenty of reasons why it benefits you to do so. Protecting the intellectual property of a startup is a very critical component of business today. Patent attorneys are aware of budget concerns and work to help companies address them while getting the results they need. Here are the things to keep in mind when working with a patent attorney. Read More 

Preparing For Your Incapacity: Estate Planning That Includes Health Care Proxy And Power Of Attorney Paperwork

When you are planning your estate, part of responsible estate planning includes setting up a health care proxy and a power of attorney in the event that you are incapacitated and no longer able to make decisions for yourself. While you will create a will, leaving money to heirs in the event of your demise, assigning a responsible person to act on your behalf is also essential. What a Health Care Proxy Does Read More 

Understanding The Duty To Mitigate Losses After A Breach Of Contract

If you enter into a contract with another person, and he or she fails to keep his or her end of the bargain, then you may be entitled to some form of compensation. However, the law requires you to take measures to reduce your potential loss. The example below will help you understand how this works in practice. The Scenario Suppose that you are a landlord, and a company seeking to expand its branches to your region approaches you for a business space. Read More 

How To Handle An Estate After A Parent Dies

If you have recently had your parent pass away, and they had lived alone, you may wonder what happens to their estate after their death. At a time when you are grieving, it is often difficult to go through the process of handling their home and property, but it is a task that must be done to properly distribute belongings to others within the family. Here are some guidelines to follow when dealing with the estate of a parent who has just passed away. Read More