Many individuals have heard the term power of attorney or POA for short. However, most do not fully understand what it is and how the document functions. A POA is a document used to give another person the authority to handle some responsibilities on your behalf (limited power of attorney) or all responsibilities on your [...]
Crowdfunding the new thing. Up until recently, funding for business boiled down to getting a loan, private investment such as angel investors or venture capitalists, or the stock market. However, beginning on May 16, 2016, a new method of obtaining funding for business will commence. The method involves the crowdfunding market specifically using the crowdfunding [...]
When opening a business, most owners are excited to get the business off the ground and running. However, as most have become aware, how the company is setup legally will be important in protecting the business owners. With this being said, many have considered using a fictitious name or DBA (doing business as) to start [...]
One should obtain professional legal assistance for either drafting or reviewing every contract they enter, but commercial leases are particularly important. Commercial leases will benefit or burden a tenant for the length of lease term depending on what is included in the lease and how it is drafted. Here are a few special legal [...]
Residential leases can be complicated. Residential leases contain conditions such as what the renter can do with the home as well as who can be in the home. Other examples of clauses within a residential lease include renters requiring prior written consent before altering the home, either verbally or in writing. The reason for these [...]
Why reviewing your lease? A Lease Review is something to really think about. Entering into lease agreement can be both exciting and nerve-racking for both sides. Are you getting a good deal? What should I do to make sure the tenants are good? Is the property safe? These are just some of the questions that [...]
What is a Security Deposit? Many of us have heard the term security deposit and know it has to do with renting. However, there are some rules regarding security deposits that you should be aware of. First, the purpose of security deposits is to repair the property for damage caused to the property after the [...]
So, you have a valid contract with all the essential terms in it. You expect everything to work out fine but the other party is not living up to your expectations and, most importantly, their part of the deal. What options do you have? Well, being in this situation can be stressful as most individuals [...]
Contractors vs. Employees Contractors can be a better option because it saves the employer in costs. An independent contractor typically operates under his/her own business name and supplies their own materials, therefore, saving the employer in labor and material costs. Employers also don’t withhold taxes from payments to independent contractors. Hiring an independent contractor vs. [...]
What protections do LLC's offer? The most effective way for business owners to protect their personal assets is for them to file as a corporation or LLC. By filing as a corporation, there is no personal liability for any debts, breaches of contract, or personal injuries that may be caused by the corporation, its employees, [...]