How to Value a Small Business for Divorce

One of the most challenging aspects of divorce is the division of assets. Depending on the marriage and the assets accumulated during this time, dividing these fairly between spouses may need to involve professionals, especially when it comes to valuing and dividing a business. With the different approaches to valuation and the aspects of a business that they focus on, the outcome of the valuation may differ substantially from method to method.

Divorcing small business owners

In this article, we will outline and explain these different approaches in valuing a business for the purposes of a divorce.

Separate or Marital Interest

According to Completecase.com, the first step in valuing a business for the purpose of divorce is to determine how the value or interest in the business should be split.…

Continue reading

Do You Need a Lawyer When Claiming for Workers’ Compensation?

When claiming for workers’ compensation benefits, one of the questions that may enter your mind is: do I need a lawyer when claiming for worker’s compensation benefits?

Hire a lawyer for making workers' compensation claims

Technically, the answer is no. You can usually do the filing for claims yourself without any lawyer’s help. However, not all are comfortable doing this by themselves.

For one, they are afraid of being given less of what they actually deserved. This is a sad reality, but some companies and even insurance companies do not give the full compensation an employee deserves, primarily for their own interests.

But let’s be clear: we don’t intend to put employers, companies and insurance companies in a bad light – it just so happens that some do rip off their employees.…

Continue reading

Protecting Your Business Against Civil Lawsuits

For any business, the risk of lawsuits is a real one. You do not have to do much wrong to end up fighting one. It is a danger that no business can afford to ignore. Losing just one lawsuit can strip your company of most, sometimes all, of its assets. However, there are things you can do to protect enough of your assets to enable you to continue to trade.

Asset protection from lawsuits

If you are wondering how can I protect my assets from a civil lawsuit all you need to do is to read on.

You need to take action now

The first thing to understand is that once a lawsuit is in progress, it is almost certainly already too late to make changes to protect your assets.…

Continue reading

What Are the 5 Types of Accidents Covered Under the Defense Base Act?

Based off of an extension of the Longshore and Harbor Worker’s Compensation Act, the Defense Base Act serves a very specific purpose. It provides compensation for medical benefits, death benefits and more to eligible employees. Unlike the LHWCA, the Defense Base Act has several restrictions on which accidents are covered, and which workers can collect payment.

Wet floor caution sign

The often-complicated nature of the paperwork leads to workers depending on the help of Defense Base Act legal teams. They provide a network of information that is needed to navigate the rough road to recovery.

5. While Driving

When driving on the job, an accident can change everything.…

Continue reading

Procedures to Follow After a Car Accident

It can be devastating to travel down the road in your own vehicle, minding your business, and suddenly get into a serious car crash. Now that you’ve been hurt by a negligent driver, we understand you want to learn about your rights under the laws of California.

Car accident

It is possible to seek financial relief from all the medical bills that keep coming in the mail. However, it’s hard to know what your personal injury claim might be worth or to know which paperwork to send to the defendant’s insurance company without first securing expert legal advice.

Navigating the Legal System

While some tort claims are small and seem relatively easy to settle with a phone call to the insurance company, other claims can drag on for years.…

Continue reading

7 Ways to Manage your Superannuation Claims

Superannuation claims are a large part of the pension and retirement industry. You need to know how to get your claim processed, who to talk to, and how long it takes to process the claim.

Superannuation claims

The seven steps below can be used at any time if you believe you are owed retirement benefits, death benefits, or a payout.

1. Contact A Lawyer

You can reach out to superannuation lawyers for help with your claim. Complaining to the company that manages the pension will not help you because the people you talk to do not have the authority to pay you. A lawyer knows how to reach out to the company, how the pensions are managed, and how to file a claim against the pension.…

Continue reading

Dividing a Business in Divorce – Things You Should Know

When divorce and separation of property occur in the same sentence, it is terrifying. Divorce itself is already tremendous stress, but the matter is aggravated when, during a termination, you still have to divide property, especially when it is your own business. Moreover, your almost-former spouse has the right to a share in the company, even if he or she did not take any part in the creation of the business.

Dealing with the implications of divorce

That is why it is essential to protect your company until it got very far.

Separate and Marital Property in a Divorce

Under the law, when a marriage is dissolving, the spouses must divide the common property.…

Continue reading

Best Tools for Attorneys in the Era of Globalization

Globalization has changed the way that attorneys practice law and conduct their business. While the nature of their professional responsibilities remains the same, how they give legal advice and obtain their clients is now an entirely different game. This is mainly due to the changed scope and pace of law practice.

Lawyer's firm operational tools

When the law sector becomes global in nature, it inherently means a quicker pace and more broad-based services that must be provided to clients. To keep up with globalization, attorneys will need to ensure that they have the proper infrastructure to handle the new demands that are placed upon them.

Continue reading

Boost Your Law Business With These Digital Tips

Though you may not be equipped to handle the business side of your law firm, it behooves you to become a competent businessman/woman. Your law firm will need the structure of a traditional business to keep things rolling in the right direction.

Digital law firm management

If you’re looking to get things organized, arm yourself with knowledge. Start now, and read through this brief overview of some digital tips for boosting your law firm’s operations.

Whip your website into shape

Your law firm needs to have a functional business website. People use the internet for almost everything in the 21st century, so you need to meet them where they spend their time.…

Continue reading

Can Your Business Recover From Criminal Accusations?

It’s very possible that your business is the center of your life. You have put your heart and soul into it, and you have put lots of money, time, and energy into it as well. Through an unfortunate set of circumstances, though, your business has been accused of criminal activity. You know that this activity never happened, but you still have to deal with the accusations in a court of law. You may be wondering if your business can recover after this type of situation.

Businesswoman facing accusation

You have to do everything possible to clear your name and the name of your brand.…

Continue reading