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  • Published: March 14, 2014

As a small business owner, it is very important to forge personal relationships with your customers. While personal relationships help in maintaining current customers as well as attaining new ones, those relationships also make debt collection difficult. When simply sending out an invoice does not result in prompt payment, you need to invest a lot of time and effort into collecting your business’s debts, while still maintaining professional and positive communication with your customer. That is why it is important to hire an attorney to collect your debt for you. While debt collection agencies can alienate your customers by using…Read More

  • Published: March 6, 2014

A contingent payment clause by definition conditions a paying party’s payment upon the independent action of a third party. For instance, if a general contractor agrees to remodel a customer’s kitchen, independently contracting with a plumber to re-route pipes the general contractor may reserve payment to the plumber contingent on payment from the home owner. By doing this a general contractor is able to pass on the risk of non-payment to the subcontractor, the plumber in this scenario. The general contractor would include a contingent payment clause provision within the contract that the general contractor has with the subcontractor. A…Read More

  • Published: March 5, 2014

Are written leases required for month-to-month leases on properties?  All leases whether it is annual or month-to-month should be in writing. And the main reason is that a landlord/tenant need to know what they are responsible for, including security deposit. It’s extremely imperative that all parties know their responsibilities for the unit. An example can be a person is going to be in charge of fumigation while the other tenant is going to be in charge of outdoor maintenance for the lawn. These details are very important and if not put in writing, one party could find themselves getting…Read More

Make sure every owner’s rights are accounted for, the individual owners should also retain counsel for the negotiation of the intercompany contracts, such as the operating agreement for an LLC.
  • Published: February 28, 2014

Starting A Business With Friends Starting a business with  friends or anyone can be a tricky ordeal. With friends, however, questions that often should be asked do not arise due to the business person’s overwhelming optimism in their idea. This optimism, while seemingly a necessary evil for someone that is starting a business, is something that must be controlled to prevent the business from failing while keeping the friendship from falling apart. A business person’s optimism often causes them not to ask questions like: what if my co-business owners have a life changing event and need to cash out; who…Read More

  • Published: February 26, 2014

After exploring our website and blog you may be asking yourself, “why should I hire SG Law Group to represent me in my legal cases?” Well, we have the answer right here:  SG Law Group represents a wide range of clients.  From the small claims in terms of individuals to large claims that involve half-a-million dollar cases.  On your business side, we represent clients who start businesses, to merging, acquisition to, in certain cases dissolution.  Whatever the situation you are in, a big or small case, give us a call and see how we can help you.Read More

  • Published: February 24, 2014

The major changes in the coming years due to Obamacare have the most affect on higher income individuals. However, a few things should be kept in mind when filing taxes for 2013. First and foremost, taxpayers should make sure that their filing status is correct. Whether filing as head-of-household or married filing jointly, the filing status is the most important assessment a taxpayer makes when filing their taxes. If you have questions about your filing status, consult an attorney, tax professional, or us here at SG Law Group. Other, more precise changes to the 2013 tax year include the increase…Read More

  • Published: February 23, 2014

One of the most important tax decisions an owner can make about his new business is made at formation. One common mistake is to jump to the conclusion that every business needs to be a corporation. In actuality, corporations have only a small niche where they are applicable. The tax problem with a corporation is that under the current federal tax system every dollar taken out of a corporation is taxed twice. Yes, you heard correctly—two times. This happens due to the preconceived notion that the corporation and ownership of a corporation are two different persons. Because there are two…Read More

  • Published: February 20, 2014

Thinking about having a child, but scared that your employment, or the employment of your loved one, might be in jeopardy? First, congratulations on this life-changing event that is sure to be a wonderful period in your life. Second, fear not, for the US government has made sure that employees are protected when preparing for and ushering in our next generation. Two laws in particular stand out: The Pregnancy Discrimination Act protects those that are pregnant and looking for a job, or currently holding a position. The law outlines that companies with more than 15 employees must treat pregnant women…Read More

  • Published: February 18, 2014

 What Is The Importance Of Corporate Resolutions? Corporate resolutions are extremely important. As individuals we make decisions. We don’t need to answer to anyone. However, a corporation cannot speak for itself. This is where a corporate resolution comes into effect. They in essence state what is going to be done because it was approved by the owners, directors, etc. Therefore, whenever a decision needs to be made that will affect the company as a whole, it is highly encouraged to have a corporate resolution.Read More

  • Published: February 12, 2014

With tax season rolling up around the corner, it is important that you are prepared and ready to organize and file your taxes. Make sure you don’t find yourself making these common tax mistakes: 1. Not updating accountants on personal changes – Many individuals have accountants and those accountants have the individuals’ information as was given to them previously. This information includes home addresses and occupation. Tax payers should make sure their accountant has the information updated each year. 2. Differentiating between reportable income – For those who have retirement accounts or certain work functions, your gross for work may…Read More

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