Apr 7, 2018
Aren't verbal agreements enforceable? The short answer is yes (sometimes). Verbal agreements can be legally valid, but enforcement of the same is often quite difficult. Therefore, in most business transactions, you will not want to rely on a verbal agreement.
Dec 9, 2017
Why would a single member (owner) need a rulebook for only himself or herself? Fair point. However, please remember that an LLC operating agreement is more than just a rule book for the LLC. Also, keep in mind that the business will hopefully grow and expand over time. Foundations are best laid in...
Nov 25, 2017
In this era of on-demand services, we find that many people expect the same from their professional advisors and other service providers. While this may be nice in some respects, the "I want it now" mentality is unreasonable and can lead to many bad results for the client and for the professional. It's time to...
Oct 28, 2017
"Discourage litigation. Persuade your neighbors to compromise whenever you can. Point out to them how the nominal winner is often the real loser--in fees, expenses and waste of time."
In this episode, we discuss this truth from Lincoln and share an example of litigation which proves the same point. We would all do...
Oct 13, 2017
It is rarely wise to give highly appreciated assets away to individuals during life. Rather, such transfers are best done via estate planning, when possible, in order to save on capital gains taxes. This episode explores such matters.