When you first start a business, choosing its structure will be one of the biggest decisions. The kind of business you intend to operate and the way you finance the company will likely influence the structure that you initially choose. Many businesses will remain the...
Year: 2021
Can you back out of a residential transaction after an accepted offer?
You made an offer on a property, and the seller accepted. At first, you may have felt excited because the home met all of your personal criteria or was in the right school district. However, as you have gotten closer to closing, your situation has changed. Maybe your...
2 potential benefits of creating a nonprofit corporation
Many people scoff at the idea of starting a business whose ultimate goal is not profit but social good. Nonprofit corporations have bylaws that mandate that they use any revenue they generate for specific purposes. Some nonprofit organizations provide support to...
Why do buyers need title insurance on their new homes?
There are quite a few secondary expenses you have to cover when you buy a house. You have to pay for inspection and possibly an appraisal. You have to pay for the real estate professionals that oversee the transaction and the title services at closing. You will also...
Why you want a business partner who is different than you
It feels fairly natural to choose a business partner who is similar to you. And, in some senses, this is what you want. You need someone who has the same goals and vision as you and someone who shares the same values. However, in a lot of ways, it's actually much...
Why you should talk to your neighbor about boundary issues
If you're having a boundary dispute with your neighbor, it may begin when you notice that they're using your land as if they own it. Maybe they're putting up a fence and you can see that it goes onto your property, or maybe they added on to their house and now it’s...
Can you keep working at a company after you sell it?
Most business owners who decide to sell are interested in leaving the company. Maybe it’s time for you to retire, for instance, and the money from the sale is your retirement fund. Maybe you’re looking to start a new business and you’re going to start it with the...
Does an easement end when you buy the property?
You find a property that you like, but there’s a catch: It has an easement. In order to access their own property, someone who owns an adjacent lot has an easement to use the driveway. This saved them a lot of money because they didn’t have to create their own. ...
What’s a foreign qualification?
Are you thinking about expanding your business operations into another state -- or maybe several other states? These days, that’s pretty normal, but you need to understand how foreign qualifications work. Pursuing growth opportunities across state lines It’s one thing...
Can a community’s CC&Rs help you decide where to live?
You like the idea of living in a planned community, but you’ve never dealt with a homeowners association (HOA) before. You’ve heard a few horror stories, so you have no idea what to expect. Should you be worried? The HOA’s covenants, conditions and restrictions...