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5 Estate Planning Tips for Business Owners


As a business owner, your assets are likely more extensive than someone who does not own a business. Therefore, it is necessary to prepare for the future of your business…

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All About Appointing Guardianship in Estate Plans


You may find it challenging to talk about what would happen to your children if you and your spouse were to pass away. No one wants to imagine such a…

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What Is an LLC and How Does It Work?


LLC stands for Limited Liability Company – a phrase that you’ve probably heard in the business industry but might not understand how it works. If you own a small business…

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What Is the Difference Between a Revocable and Irrevocable Trust?


A trust is a key component of estate planning that is used to pass down assets to beneficiaries while avoiding probate and minimizing estate taxes. There are two kinds of…

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Can a Will Help You Skip the Probate Process?


Probate is the process of distributing assets after a person’s death. It is a legal process that can be lengthy at times and comes with legal fees. If someone does…

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What Is the Difference Between Estate Planning and Retirement Planning?


Estate planning and retirement planning are essential for ensuring financial stability for you and your loved ones late in life. While both are equally important, they are quite different from…

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Can You Qualify for Medi-Cal Benefits without Being Broke First?


Beginning on January 1, 2022, the new Medi-Cal benefits no longer have an asset rule that prohibits eligibility for older and disabled Californians who have more than $2,000 in the…

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5 Important Considerations for Anyone Buying a Business


Many entrepreneurs talk about starting their own businesses. But there is a lot of value in buying an existing business and the challenge of growing a company created by someone…

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What Is the Difference Between an S Corp and a C Corp?


Both an S Corp and a C Corp are corporations taxed under a different subsection. A C Corporation is a standard corporation. Also, an S Corporation has a special tax…

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What Is the Co-Mingling of Funds and Why Is It a Potential Problem for a Business Owner?


You are subject to limited liability protection when you register your business as a corporation. This means that if a person were to sue your business for wrongdoing, your personal…

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What Is a Medical Power of Attorney and Why Every Adult Needs One


A medical power of attorney is a legal contract that specifies who will make all of your medical decisions if you are not able to make them by yourself. This…

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What Is Intellectual Property and Why Does It Matter to a Business?


If you are a small business owner, you may worry about the money it costs to acquire, maintain and enforce intellectual property when you have limited dollars and want to…

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