Starting a Business in the New Year?

Starting a Business in the New Year?

Are you going to be starting up a new business in the coming year? This is a big endeavor, and you’ve likely been planning the launch of your company for a while now. However, as prepared as you might believe yourself to be, you might be forgetting one of the major pieces of the puzzle. If you don’t have an attorney working on your behalf, you might find that you are facing more risk than you should be.

Why Work with an Attorney?

Risk is a constant part of business, and when you choose to work with attorneys who are experienced in the field, they can minimize those potential issues and protect your business assets. Consider some of the many ways that working with a lawyer will help.

From the state, working with an attorney can help ease some of the confusion that comes when starting a business. They can help you understand the various forms of business, from sole proprietorships to partnerships, LLCs, and corporations, and let you know which is best for your business. They can help you get it set up, so you can start doing business.

Attorneys will ensure that your business operates according to federal, state, and local laws. It can often be difficult for new business owners to fully understand all of the various legal requirements involved when it comes to employees, property, etc.

The attorney can write up and review independent contractor agreements, as well as employment contracts. This will ensure that you are doing everything according to the law. They can also create non-compete agreements for your employees, create executive compensation agreements, partnership agreements, and more.

The attorney can review all contracts that come your way and can create contracts that you might need for suppliers, contractors, and more. They will review documents and deals to ensure they are in your best interests.

Find a Quality Attorney

As you can see, choosing to use an attorney for your business rather than going at it on your own makes sense. You can focus on your business rather than all of the legal minutia.

When you are choosing an attorney for your business, think about the type of business you are operating and how an attorney might be helpful. Take the time to speak with an attorney about your business to get a better sense of the various ways they can help make aspects of your business easier to manage.

Step Up Your Real Estate Investment Game with an Attorney

Step Up Your Real Estate Investment Game with an Attorney

Are you a real estate investor, or do you want to get into the field? It has the potential to be a wonderful, lucrative business. However, it’s not something that you want to do on your own. If you want to make the process easier and truly step up your game, consider working with an attorney that knows and understands this business. They can help in a host of ways, whether you have been investing for years or you are new to the field. Let’s look at how they can assist.

Drafting and Reading Contracts

Attorneys know and understand the complexity of contracts of all sorts. They can take care of drafting various contracts that you may need, and they can read contracts that are sent to you, letting you know if there are any potential issues. Along the same lines, the attorney can help with the drafting of leases, ensuring that they are legal and binding. This ensures that you don’t make any mistakes that could end up costing you later. The attorney will review all of the sales and loans documents to make certain they are correct, as well.

If you hate trying to parse all of the paperwork that comes along with real estate investing, working with an attorney will help to make the process easier from start to finish. This means less hassle for you, and it could mean better investments and higher profits.

Negotiations

Attorneys tend to be excellent when it comes to negotiation. With certain types of negotiation that occur with real estate investments, such as handling inspection requests and modifications to the contract, an attorney will be valuable. They will save time and can often ensure you have a better outcome than you would if you were on your own.

Attend Closing

The attorney can attend closing with their clients, or even on behalf of their clients. This can be beneficial if you find that you aren’t able to get to closing for one reason or another.

These are just some of the ways that working with one of these professionals can help. When you choose to work with a real estate attorney, it gives you peace of mind. They can help you navigate through the challenging legal process of buying and selling properties, reducing your risks, and helping to ensure that your investments are properly protected. Take the time to get in touch with a real estate attorney to talk about your investment business today.

Why a Will Should Be First Up in the New Year

Why a Will Should Be First Up in the New Year

With the New Year upon us, many people are making and trying to stick to their New Year’s resolutions. Something that should be on your resolution list—and everyone’s for that matter—is to make a will. However, many people continue to put off drafting a will, not wanting to believe they’ll ever need one. However, death comes for us all eventually. It’s far better for our loved ones if we prepare now.

The first thing you should do in the coming year is sit down with an attorney to set up a will. Let’s look at some of the most important reasons to get create a will.

It’s Better for Your Loved Ones

Your family and friends will be grieving when you pass away. They need time to grieve and to understand their loss rather than worrying about what will happen with your estate. You want to take as many variables and questions off the table as possible. Having a proper will drawn up will reduce the amount of stress on your family, and it can reduce the risk of family squabbles and altercations.

You Get to Determine Who Gets Assets and Property

Even if you haven’t put it in writing, there is a good chance that you already know where you want your assets and property to go. You know where you want it to go when you die. If you die without a will, though, you don’t get to make these choices. It ends up being in the hands of the court, which could make decisions you don’t agree with. The wrong people could end up with your property.

Ensure Your Children Will Be Cared For

If you have minor children, you want them to have the proper care in the event that you pass away. Typically, the surviving parent will have custody of the kids, but if both parents die, what happens? With a will, you can assign a guardian, who will be responsible for taking care of the children’s needs. If you don’t choose a guardian, the court will choose one, which means you might have someone raising your kids that you wouldn’t have picked.

These are just some of the top reasons that creating a will needs to be done sooner rather than later. The New Year is the perfect time to take care of planning your estate, so be sure to get in touch with an attorney who is well-versed in wills and trusts. The sooner you act, the sooner you will have peace of mind.

Understanding the Succession Plan for Your Will

Understanding the Succession Plan for Your Will

Do you know how to leave your belongings in a way that ensures they will not be distributed the way you don’t want them distributed? The first place to start is with your will. There are many different ways people use wills, and not all of them accomplish what an owner might like for their property after death.

It’s less likely that you’ll be concerned about this because you’re young and healthy, but it could become an issue if something were to happen unexpectedly. What would happen if one day you weren’t able to make decisions anymore? Will everyone know exactly what to do regarding your possessions and assets?

Make Your Wishes Known In Your Will

Leaving a will is the only way to ensure your wishes are followed after death. In other words, who you want to handle your property after you pass away is something you can control when you prepare a will.

Although the process of preparing a valid will isn’t simple, it’s worth doing if you have enough assets to warrant one, according to any law offices in Illinois. If not, there are still steps you could take toward protecting your wishes for your property.

The Basics of Wills

When most people think about wills, they think about their homes or automobiles. However, this type of testament also includes other items like jewelry and personal belongings. Once included in a will, these things go directly to the beneficiaries named in the document.

Everything that was left out would be distributed through either intestate succession or through the state. If you have a will, there is no way anyone else will receive your belongings except in situations where a beneficiary dies before you do.

It is possible to name a contingent beneficiary, but this would only come into play if the person you wanted to receive your property before was not able to do so. The courts too have a say in all of this because they determine who receives what part of the estate.

Divorce and Wills

If you were legally married when preparing your will, the terms within it must be followed by all parties involved. If anyone wants out of the agreement after it’s been written, such as an ex-spouse or former boyfriend or girlfriend, there may be legal ramifications for them breaking their word.

This is why it’s critical that everyone agrees about how things should go over when one party dies. Because there can be disagreements among family members, it’s time to face all of this when preparing a will.

Call Bell Shah Law to Learn More About the Succession of Your Will

The importance of wills cannot be overstated because they are the only way to ensure that your wishes are followed after death is final. If you do not plan on writing one, make sure you at least discuss these issues with anyone close to you. It may seem like something you don’t need right now, but there is no better time than the present to make these plans for later. For more information on your will and how to set it upright, contact Bell Shah Law.

Set Your Business Apart By Showing Your Education and Licenses

Set Your Business Apart By Showing Your Education and Licenses

There are always ways to set yourself apart from the competition. One way is by showing your education and licensing on your website and business cards. This instantly shows visitors that you have put in the time to get where you are. Not having this visible can leave people wondering if you’ve really gone through all of the work to obtain a degree or valid license. Putting it out there also lets everyone know exactly what they’d be getting when doing business with you, so nobody has any surprises later.

Education

For those in an academic setting, a good place to start would be on your homepage. Just a simple line under your name clearly states that you have received a bachelor’s degree from __ accredited university ___, as well as information about classes you’ve taken and what you studied. You can also add a link to your LinkedIn page next to this information.

Extra information can be included in the about section of your site, such as which graduating class you were part of or any accolades you received during school like “Student of the Year.” This is another place where LinkedIn makes an appearance, showing off how many connections you have and what organizations you belong to.

Licenses

If you’re looking for something more substantial than a simple line on your homepage, it may be best to include business licenses prominently on an about page. Listing them here has two benefits: it shows potential clients and employers that you take your profession seriously, and gives everyone complete transparency in your services.

It’s also possible to include licenses in the contact section of your site, but that can get a bit crowded when you have multiple licenses or certifications listed there. Sometimes it’s better to keep this information separate so it doesn’t get lost with other content on the page.

Another way to show education and licensing is by printing them on business cards. This leaves no question about what qualifications you hold, which sets you apart from others who don’t make this apparent. It shows clients and employers that you are willing to go above and beyond for their benefit, not just yours. Having this text visible will help your brand stand out in search results, especially for keywords like “certified massage therapist” or “licensed esthetician.”

The final text you’ll want to include on your business card is a call to action. Having a link to your site or listing a phone number will make it simple for customers and clients to find a way to contact you, wherever they are currently looking for services from you. This gives you the best chance of converting them into customers because it’s easier than giving them directions to where you’re currently set up or waiting for their inquiry by email or phone. Looking to find out more about any business licenses you may need? Then reach out to us here at Bell Shah Law today!

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