Traditions Law

Five Reasons to Protect Your Retirement Accounts Now

Five Reasons to Protect Your Retirement Accounts Now Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that protection evaporates. When your spouse, child, or other loved one inherits your retirement account, creditors have the power to seize it and use the funds […]

Traditions Law

What You Need to Know About Elections and Your Business

What You Need to Know About Elections and Your Business With early voting already underway in some states and November 3 just around the corner, you may be wondering about your obligations as an employer to provide your employees the opportunity to vote. These questions are particularly important in light of the current pandemic and […]

Traditions Law Business Law

What Small Business Owners Should Know About the COVID-19 Stimulus Package

What Small Business Owners Should Know About the COVID-19 Stimulus Package As small business owners grapple with the economic realities of nationwide stay-home orders and social distancing mandates, legislatures have been updating laws and developing new programs to keep the economy afloat. The latest and most groundbreaking is the Coronavirus Aid, Relief, and Economic Security […]

Business Law

What Happens When LLC Members Disagree?

What Happens When LLC Members Disagree? Every business should have a proper legal structure and bylaws or an operating agreement that sets forth the rights and responsibilities of its owners or members. While the partnership or corporation structure is better suited to some businesses, limited liability companies (LLCs) have become one of the most popular […]

Understanding Payroll

Understanding Payroll as an Employer

Understanding Payroll as an Employer Congratulations! Your business has grown and you are ready to hire your first employee. Where do you begin? What will the employee’s schedule be and how much will the employee get paid? Will your new hire be an employee or an independent contractor—and what is the difference? Did the employee […]

The Importance of a Successor Trustee

The Importance of a Successor Trustee

The Importance of a Successor Trustee An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the […]

Business Law

Five Reasons Business Owners Need Estate Plans

Five Reasons Business Owners Need Estate Plans Business owners are notorious for engrossing themselves in the day-to-day management and functions of their businesses. As a business owner, you are likely the heart and soul of the company you lead. Your clients love you, and you have built unique relationships with your contractors and suppliers. Suppose, […]

Estate Planning

You Inherited a Retirement Account: Now What?

You Inherited a Retirement Account: Now What? For decades, common financial planning wisdom has encouraged almost all-American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims […]

Traditions Law

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