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November 2019 Archives

Watch out for CAMs in your commercial lease

If you are a new small business owner looking for a commercial space to rent, you may not be entirely familiar with the commercial leasing process. You may know that you shouldn't sign the first lease a property owner hands you, but you may not be clear on what happens next.

Did your business partner steal from your company?

You start to notice a few small financial issues at your business. Maybe the books do not quite balance out. Maybe the amount of money pulled from your accounts for a payment to a vendor is a bit higher than the actual bill was for. Maybe there are withdrawals that you knew nothing about, and there does not seem to be any reason for them.

Transfer of assets through an irrevocable trust

One of the primary things that some people want to establish with their estate plan is protection of the assets from creditors. Establishing an irrevocable trust is one way that you can do this. You should carefully consider the terms of the trust because once you establish it, you can't change it if it is an irrevocable trust.

Know the scope of a construction project

There are many factors that go into a construction project, but a reputable contractor should be able to help you walk through the ones that might impact yours. When you hire a contractor, you should have a contract that governs the project. This should be a very specific document that outlines the specifics of the project. It should also discuss what happens if any part of the project isn't completed as specified.

Know how to interpret the terms of a commercial lease

Commercial leases need to be as detailed as possible to protect both parties. There are several things that should be included in these documents, and they must all be worded properly to avoid the possibility of problems in the future. No matter which side of the lease you are on, you must ensure that your interests are protected.

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