Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

Understanding the General and Limited Liability Legal Benefits of an LLC and Situations Where Limited Liability Can Be Revoked

By Brian Figeroux, Esq. | Editorial Credit: Zhanna Hapanovich / shutterstock.com  To maintain the protection of limited liability, LLC members must follow certain best practices, including keeping personal and business finances separate, maintaining adequate capitalization, operating ethically and lawfully, and avoiding personal guarantees. The Limited Liability Company (LLC) is one of the most popular business […]

Estate Planning for Business Owners: Navigating Succession Challenges and Safeguarding Business Assets

Estate Planning for Business Owners: Navigating Succession Challenges and Safeguarding Business Assets

By Brian Figeroux, Esq. | Editorial Credit: Southworks/shutterstock.com  Key Points of this Analysis Succession Planning: Users emphasize the importance of having a clear succession plan to ensure the business continues smoothly after the owner’s death. Valuation and Division: Estate planning professionals discuss methods for valuing and dividing business interests, particularly when some heirs are involved […]

The Impact on an Estate in New York State When Someone Dies Without Completing an Uncontested Divorce: A Case Study of Short Marriages Without Children

The Impact on an Estate in New York State When Someone Dies Without Completing an Uncontested Divorce: A Case Study of Short Marriages Without Children

By Brian Figeroux, Esq. | Editorial Credit: Prostock-studio / shutterstock.com  Divorce proceedings can be emotionally charged and complex, even in seemingly straightforward cases like short-term marriages without children. When individuals pass away without having finalized a divorce, especially in cases where the marriage lasted less than three years, the implications on their estate can be significant. […]