The City of Stockton’s bankruptcy application was accepted today (April 1, 2013) by U.S. Bankruptcy Judge Christopher Klein, making Stockton the most populous city in the nation to enter bankruptcy protection. “It’s apparent to me the city would not...
Estate planning overlooked – Most parents plan just about every aspect of their child’s birth and upbringing even before the child is born – scheduling the birthing classes, planning the new nursery, even picking out a preschool. There is so much to...
According to data from the Small Business Administration (SBA), more than 79 percent of small businesses have no employees, meaning that a vast majority of small business owners handle all aspects of their business on their own. And when tax season rolls around, it...
The “poor man’s estate planning” sometimes refers to the practice of putting your child on the title to your deed. The idea is that when you die, the property automatically transfers to the child without having to go through the probate process. However, this “poor...
There is at least a perceived conflict between funding a child’s college education and building their retirement savings nest egg. The conflict usually arises from the lack of financial resources to do both while funding daily living expenses, so parents become stuck...
Whether you’re already a small business owner or the entrepreneurial spirit has grabbed you by the collar and you plan on starting a business this year, there are certain legal aspects to operating a startup / small business that you just can’t ignore (and we...
The State of Virginia recently proposed a law that would provide families with access to the online accounts of a deceased relative. The law is in response to what happened when a 15 year old boy committed suicide two years ago and Facebook denied the family’s...
Among the first decisions a business owner or practicing professional must make is the best business entity for their organization. This is a crucial decision when starting business because it has far-reaching legal and tax consequences. So you must have a vision for...
A growing number of supervisors are writing about their lives, friends, and jobs on a personal Web log, or blog. Blogging material is a mix of commentary, opinions, and photos. Because of concerns about trade secrets, libel, and poor taste in material, many firms are...
Handling a windfall of cash is something we all would like to experience and sounds like a no-problem situation, but a big payout from lottery winnings, an inheritance, a lawsuit settlement can create significant problems. You will be showered by investment...