Taking care of your family when you pass away is a primary concern of most adults. When you own a business, you have to ensure that the business will also be taken care of. This is especially true if you want the company to provide for your family members. Your estate plan needs to address both of these areas of your life.
The start of the home building process is meeting with the builder to get an outline of what is going to happen. You will have to sign a contract. Buried within this contract is usually a timeline for the project. There will also be information about what you can do if the project isn't complying with the term of the contract.
Commercial real estate transactions are often very costly matters. Both sides of the matter have to ensure they are doing everything in accordance with the contract that is signed by them. When there are disputes or disagreements, finding a resolution becomes a priority.
Have you considered your new company's insurance needs? That may sound like an advertisement for an insurance company, but new business owners here in Arizona and elsewhere need to consider this question before opening their doors. You probably took the time to carefully consider issues such as the right entity structure and the right location for your business in order to give it the best possible chance at success. Why wouldn't you think about what types of insurance your business would need to succeed as well?
As a busy adult, you probably don't relish the thought of adding anything else to your schedule. There is one thing that you need to think about adding to it today: estate planning. It might seem as though you have plenty of time to get this done; however, you just never know when something will happen that will require parts of it to be put into effect.
Forming your business is a big step. It is imperative that you have everything in order before you open the doors on the first day. For some individuals, this is a big undertaking. We know that you might not have all the answers you need about what options might become available to you, including the legal protections and benefits that you are seeking. We are here to help you evaluate the options so you can act.