LOIs: When do you use Letters of Intent

Letters of Intent (or LOIs) are like getting engaged before you get married. For business transactions, LOIs reflect the major terms of the parties and the intent to enter into a full agreement after further negotiations.  But why go through the process of...

Do I Need Probate?

One of the common questions I get is “Do I need Probate when someone dies?” There is also the question “What is Probate?” When someone dies, there is a flood of emotions. In addition, there is concern regarding what needs to happen, worry about things to do, and...

Recipe for an Entity Part 3: Corporations as your Business

What does it even mean to start a business? How do I do it right? Should I be a sole proprietor, an LLC, a corporation? We’re going to talk about 4 types of entities: Sole proprietorships and General partnershipsLimited Liability Companies (or LLCs)Corporations State...

Chapter 7 or Chapter 13: How do you decide?

The United States Bankruptcy Code is divided up into various chapters. Each of these chapters deal with a different type of bankruptcy. In other blogs, we’ve discussed the difference between these two chapters. Today, we want to get more specific and talk about how...

Medicaid Application and Eligibility

Medicaid Application and Medicaid Eligibility – Medi-confusing Currently, Medicaid pays more than half of the long-term care expenses in nursing homes in the U.S. To receive such support, a person needs to understand the Medicaid Application and Medicaid Eligibility...

Bankruptcy Chapter 7: How Does It Work?

The United States Bankruptcy Code is written in various chapters. Different types of bankruptcy are dealt with in each chapter. Chapter 7 deals with a Liquidation. Essentially, any non-exempt assets are converted to cash and given to a trustee. The trustee then...

Recipe for an Entity: Part II

What does it even mean to start a business? How do I do it right? Should I be a sole proprietor, an LLC, a corporation? We’re going to talk about 4 types of entities: Sole proprietorships and General partnershipsLimited Liability Companies (or LLCs)Corporations The...

Recipe for an Entity: Part I

What does it even mean to start a business? How do I do it right? Should I be a sole proprietor, an LLC, a corporation? We’re going to talk about 4 types of entities: Sole proprietorships and General partnershipsLimited Liability Companies (or LLCs)Corporations State...