When you’re starting a new business, if you’d like to work with a business partner, you need to make sure that you choose the right person. The very success of your business may hinge on this relationship. Choosing the wrong person could mean that the business fails,...
Lehigh County Estate Administration Blog
3 reasons for estate disputes
Estate disputes can happen for a multitude of reasons, and parents are often worried about this possibility. They don’t want their adult children to have a falling out over their estate that lasts for the rest of their life. But how can parents prevent this from...
The main challenges of making an offer in compromise to the IRS
People make mistakes related to their taxes all the time. Some of those mistakes are errors in earnest, meaning that someone misunderstood what they had to pay or what credits they could claim. Other times, people engage in tax evasion hoping that they won't get...
Downtown decline affecting commercial real estate market
Over the past several years, downtown areas in major and lesser U.S. cities have begun to decline across the board. Office buildings once teeming with workers, retail outlets once competing mightily for customers and restaurants once eager to cater to hungry diners...
Potential reasons to sell a business
When it comes time to sell a business, it’s very important for the owner to know what steps to take. They may need to get a valuation of that business. They need to identify potential interested parties. If this is a form of succession planning – such as selling the...
6 times when you should update your estate plan
You don’t want to make an estate plan and then ignore it for years or decades. Certainly, it’s better to have a plan than to not create one at all. But drafting a plan that is then neglected can also be very problematic because that plan may become outdated. Once a...
Ways to protect your personal assets from business losses
Every business experiences financial difficulties from time to time – whether that comes in the form of sudden changes in the market or a lawsuit. Unfortunately, a lot of small business owners and entrepreneurs don’t make the necessary moves to protect their personal...
What to do if there’s been a contract breach?
When you make a contract, there’s always the possibility that the other party or parties involved will breach their legal obligations. As a result of a shipment delay, financial issue or other unexpected issues, your business could suffer from severe damages. When a...
5 estate planning elements
Estate planning is a rewarding process that helps prepare your estate in anticipation of your passing. Most people have heard of making a will, but there are also many other tasks to do. Here’s what you should consider when creating your estate plan: 1. Will Your will...
3 reasons you should incorporate your business
As you likely understand, business owners like you must make potentially critical decisions every day. Often, such decisions center on money matters like preserving profits, lowering costs and avoiding financial liability. Perhaps you operated successfully as a sole...