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Understanding the Fresh Start Initiative from IRS
  • Published: October 9, 2017

The Internal Revenue Service (IRS) has implemented a new “Fresh Start” program that helps taxpayers pay outstanding debt and avoid implementation of tax liens. Individuals who owe back taxes on personal income tax, corporate income tax, and payroll tax may all be eligible for the Fresh Start program. But, How does that work? The IRS will typically file a Notice of Federal Tax Lien when taxpayers owe $10,000.00. In some cases, this amount will be less. With the Fresh Start program, the IRS may now withdraw a filed Notice of Federal Tax Lien when certain requirements are met and the…Read More

  • Published: March 25, 2016

Many individuals and businesses who rent a home/apartment or a location at one point have come across the opportunity or have at least contemplated the idea of renting/leasing a room/office in the leased premises to either make some extra money or reduce their overhead costs this is called short term leasing or subleasing. However, while a smart idea at the time, such an action may find you getting sued by your landlord or, worse, losing your leased premises altogether. Why? Does Short term leasing and subleasing have something to do? Here is why. When you started your lease, chances are…Read More

Is A Power Of Attorney Any Good
  • Published: March 24, 2016

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 behalf (general power of attorney). These responsibilities can be anything from signing documents on your behalf to filing tax returns and even transferring funds out of your accounts. As can be imagined, this is not a document to take lightly as the one holding such…Read More

  • Published: March 24, 2016

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 platforms such as kickstarter or gofundme to seek investors similarly how it is done on the stock market. This method presents great opportunities for businesses to get the necessary capital they need to finance their business whether it is to get the business off the…Read More

  • Published: December 16, 2015

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 a business. Some consider using a fictitious name or DBA as a fast and cheap approach to get the business going with a more formal setup of the company occurring later. The thought process behind using a fictitious name or DBA over a formally structured…Read More

  • Published: November 3, 2015

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 features SG Law Group points out to its clients that you should consider when discussing commercial leases. First, commercial leases do not contain the various protections that are included residential lease because commercial landlords are not required to include them (i.e., there is no duty to…Read More

  • Published: October 27, 2015

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 conditions is because of the additional burden on the property. Landlords want to limit damage and liability on themselves. Therefore, many of these clauses are set forth to protect the landlord. However, some clauses may not be necessary and may be overly burdensome to the…Read More

  • Published: October 20, 2015

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 may be going through your mind. Well, there is a solution to this issue. However, it is important to at least follow these steps before signing a lease. As a tenant, you want to inspect the home before signing. During the inspection, make sure to…Read More

  • Published: October 13, 2015

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 tenant leaves. Now, wear and tear on a property is not to be repaired using the security deposit. This is generally the sole financial responsibility of the landlord. Second, security deposits are not advance rent and should not be used as rent. Rent is for…Read More

How Should I Enforce a Contract
  • Published: July 22, 2015

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 would just want the deal to go through and not have to fight. However, sometimes you may have to do the very thing you are not interested in doing. In this case… assert your rights in the contract. So, How should I Enforce a Contract?…Read More

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