What’s the Difference between LLC v. Inc. and what is “S Corp” v. “C Corp”?
Basic Terminology to Know when Setting up a Company
I notice that many people mix up different corporate and tax terminology and are often confused by it. As I have encountered that a few times recently, I thought the newsletter was a good place to try to dispel some of the confusion.
Happy and Grateful to
still be able to serve clients!
I don’t know about you, but the last six months felt like a never-ending readjustment process at work and home. For someone who prides herself on being organized (some may say controlling), it has been a good lesson in “going with the flow”. As I navigated the law firm through the ever-evolving landscape of these times, our summer newsletter was canceled. I suspect our story is much like yours. You had your plans and then life laughed at you and you readjusted – repeatedly! I have told my kids and staff, that I think the lesson of Covid is how to keep making lemonade from lemons.
The Road to Reopening for Business in the Midst of Covid-19
There is no one size fits all for businesses as they struggle to stay open or reopen, as each business has different risk factors. How do you keep your staff and clients safe with an uncontrollable disease? We have more guidance now than we did this spring. Hopefully the resources provided below, and our example will prove helpful to other business owners.
Per Stirpes v. By Representation in Estate Planning or Probate
These legalistic terms have important consequences on who inherits from you and how much, whether under a will or a trust or even if intestate (no will or trust). There are many important decisions to make under a will or a trust, but one of them is who will inherit from you and there are legal standards that dictate that. I ask clients to say in their own words what they want to happen for their children and grandchildren and then the appropriate terminology is used in their will or trust. Below is a brief explanation and example of how those two terms divide an estate differently. Furthermore, each state is different on what it presumes should be the standard if you don’t have a will or trust or your document is unclear.
Please contact us for a free initial consultation. Experienced representation is just a phone call or email away.
Sporting AZ FC
We are pleased to announce that our law firm is a sponsor of the local semi-professional soccer club, Sporting Arizona FC. It is a leading professional development club for young adult, male soccer players. I have several nice official training jerseys at the office that I am happy to give to any of our clients, until they are all gone. Here is their link if you are interested in local sports. sportingaz.com.