If you are considering starting your own business and you plan to grow it in the future, you should consider an LLC. An LLC will not only add credibility to your business, but it also protects your personal assets. Here are some things to know about adding an LLC to your business name:
What Is a Limited Liability Corporation?
An LLC, or limited liability corporation, is simply a layer of protection for your business.
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The recent news about the unfortunate deaths of mountain climbers on Mount Everest doesn't dissuade everyone from planning climbing excursions. Similar conditions won't exist at a local range. Regardless, all mountain climbing adventures come with risks. It is said anyone who climbs a mountain understands those risks. Such a statement isn't entirely true. Inexperienced climbers aren't fully aware of risks. Mountain climbing bookers and guides shouldn't ignore potential risks to save a sale.
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There are a number of times where it makes sense that a family files a wrongful death lawsuit against a negligent party. When one person dies because of the negligence or willful wrongdoing of an individual, the family may have the right to file a wrongful death suit, which is a personal injury case. While the deceased can't recover money for pain and suffering, the estate of the deceased person can.
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If you have children and have recently gone through a divorce, chances are you are currently trying to figure out how to handle the custody of your children. This can be a very scary topic for many parents since their children are often the center of their world. The thought of losing one's children can bring on a lot of fear, anger, and guilt all at the same time. Before you panic and make rash decisions, you may want to consult a family law attorney.
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Even though some people never go through the process of hiring an estate planning lawyer and making plans for what will happen to their assets when they die, it's not something that you should skip. Although your family might not be able to reap the benefits now, hiring an estate planning lawyer now can greatly benefit your family later for these reasons.
Help Reduce the Taxes That Have to Be Paid
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