POST CATEGORY : Legal

What Does it Mean When an LLC Owns a House?

Owning property as an individual—or even a group of individuals—has its own advantages. But in certain cases, buying a house under an LLC company becomes more financially viable. Moreover, many property owners choose this method due to certain benefits that only an LLC formation or establishment of a corporation can provide.

LLC property ownership

photo credit: Pexels

If you choose business incorporation as a new method of real estate management, there are plenty of incorporation companies and LLC formation services that offer support for this specific issue. Some of the best LLC services in the industry have developed dedicated teams of legal professionals to help you handle the paperwork concerning real estate, business loans, and more.…

Continue reading →

Why Trademarks Are Crucial For Startups

With the rise of digital technology, there’s no doubt that trademarks are more important than ever. They’ve become so crucial that not having a trademark could damage your business.

Trademark

From brand image protection to legal security, startups have many reasons to get their brands trademarked. Getting it is more accessible now with startups like Trademark Engine, and there’s no better time than now to get your trademarks if you haven’t. If you’re wondering why you need trademarks for your start-ups, this article lists the reasons.

What Is A Trademark?

A trademark is a sign that distinguishes the goods or services of one company from those of another.…

Continue reading →

What to Do If You’re Accused of Copyright Infringement

Being accused of copyright infringement can be incredibly upsetting, infuriating, and  terrifying. It can throw your intellectual property into question as well as your character.

Legal issues

Photo by Tingey Injury Law Firm on Unsplash

If someone believed that you have wrongfully used work without permission from the copyright owner, you may face legal action. This may include fines or, in particularly serious cases, a jail sentence.

But, don’t panic just yet. In the following article, we shall discuss the steps you should take if accused of copyright infringement in order to minimise the impact.

1.   Resist The Urge to Respond Immediately

After being accused of copyright infringement and potentially receiving a demand for a hefty fine, it’s natural to want to react as quickly as possible.…

Continue reading →

1031 Exchange Properties: Understanding the Rules and Benefits for Real Estate Investors

The 1031 exchange is a section of the tax code that allows investors to defer capital gains taxes when selling investment or business property. The 1031 exchange rules are complex, and there are many things that investors need to consider before filing an exchange.

Real estate investing

In order to understand 1031 exchange rules 2021, it is important to first know the basics of what this type of exchange entails. A 1031 exchange is a tax-deferred swap of investment properties. This means that investors can trade one qualifying property for another, without paying any immediate capital gains taxes. There are a few rules and benefits that investors should be aware of before taking advantage of this opportunity.…

Continue reading →

LLC Examples: Everything you Need to Know

When it comes to business entities, there are a few different types that you can choose from. One of the most popular is the LLC. What is a limited liability company, and how does it work? What are the best LLC services to use (or should you use a lawyer)? What are the benefits and disadvantages of owning one? How do you find out who owns an LLC? We will answer all of those questions in this blog post and more! We will also discuss some of the available different types of LLCs.

LLC formation

So whether you are just starting in business or considering making a switch, this post has everything you need to know.…

Continue reading →

Should You Set Up a Limited Company?

While being a sole trader (AKA being self-employed) is probably the most well-known route when it comes to running your own business, many people are starting to look into how they can register as a limited company instead. But why are people considering making such a change? And what are the benefits of doing so?

Company formation meeting

photo credit: Zora Shimazaki / Pexels

The administrative tasks and attention to detail that come with setting up a limited company may seem extremely difficult, but with those added responsibilities come several advantages that you may not be aware of.

So, if you’re thinking of leaving the sole trader life in favour of registering as a limited company, what can you expect to get back in return?…

Continue reading →

How Your Business Interests Can Be Protected By Signing A Prenup

Are you wondering what the benefits are of signing a prenup to your business? We have gathered all the information you need to set your mind at ease.

Business prenup agreement

Asking your spouse for a prenup even a decade ago would have been a very awkward situation to handle. But recently, prenuptial agreements are more common as couples realize the benefits of a prenup.

No one would want their marriage to end in a divorce; having said that, having a prenup would be very beneficial if either or both of you own a business.

You may have started that business before you married and want to protect it in the event of a divorce by not letting it be subject to the court’s distribution.…

Continue reading →

The Best Car Accident Lawyer in Virginia Beach

You’ve been involved in a car accident and surely know that you will be heading to court and will need to get in touch with the right lawyer. Choosing the right lawyer has many factors, one of which is geographic location. if you have an accident in Virginia beach it may be wiser to select a local lawyer as opposed to a  Columbia car accident lawyer. In VA a virginia beach truck accident lawyer or car accident lawyer is the best person to speak with when in need of legal assistance in a car accident. There is no telling what you will meet on the road when you drive off in your car and while you need to make sure that you follow vehicle traffic safety rules when on the highway, you also want to make sure that your vehicle is in the best condition always.…

Continue reading →

8 Different Types of Wills Explained

Family is the closest bond in the world. You want to do everything for your loved ones while you can, and it is natural to wish the very best for them even after you pass away.

Types of will

Creating a Will is one of the noblest things you can do for the peace and prosperity of your family. Besides protecting your assets, children and spouse, the last will and testament dictate precisely how you want things handled after your death.

A Will is surrounded by legal nitty gritties. You should have an understanding of a few technicalities, at least know the types of wills, before you even think of making one.…

Continue reading →

Your Guide to Car Crash Back Injuries to Avail Better Settlement

Back injuries occur when the lower back, upper back, or the spine are injured. Back injury can lead to permanent paralysis or cause serious nerve damage. In some cases, back injuries may be as minor as a tissue rupture or small sprain. But in some cases, a spinal cord injury can be chronic. It can keep you in bed for a few months, years, or maybe even longer.

Personal injury lawyer studying cases

Many car accidents usually result in serious back injuries. Many costs are involved in treating these injuries. So you need a good back injury lawyer, who can help you understand the next steps and help hold the responsible party liable.…

Continue reading →