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Legal July 5, 2012

Benefits of a Living Trust

Benefits of a Living Trust A living trust is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to your designated beneficiaries upon your death. Your living trust needs to include a pour-over will, durable power of attorney for financial matters and […]

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Business formation March 30, 2012

Minimizing Business Risk

Many would-be entrepreneurs are held back by fears of failure due to the risks of starting a business. But there are ways to lessen those risks — by taking a sane, step-by-step approach to getting ready to launch. Here are seven fundamental steps for planning a low-risk launch: 1. Know how you’ll fund it. There are […]

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Business formation February 2, 2009

Protecting Yourself in Business

Divide and Conquer Incorporating allows you separate yourself from your business risks, and that is critically important today.  However, there may be additional opportunity to divide higher-risk business activities from lower-risk or asset-rich activities by placing these activities in separate limited liability business entities.  By dividing your important business assets from your most significant business […]

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Legal October 6, 2008

Piercing the Corporate Veil in California

Stephen M. Bainbridge is arguably the brightest mind in the field of corporate law in California.  He is the William D. Warren Professor of Law at the UCLA School of Law, and has written extensively about all aspects corporate law.  Not to be stereotyped as a high-brow elitist intellectual, Professor Bainbridge maintains a family of […]

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Legal October 31, 2006

Family LLC vs Family Limited Partnership: Which Is Right for You?

The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of entity. However, it isn’t always the case.  An FLP is a Limited Partnership used for family purposes. Similarly, the LLC is becoming used for family purposes, which has coined the usage of […]

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