TestIf you are a sole proprietorship or small business, then in the past six months, you have seen your income decline and accounts receivables and breached contracts skyrocket. Although your volume of business may be steady or even increasing, you may be struggling to collect from clients or clients may […]
Dear Ask the Attorney: What’s the difference between a divorce and annulment? My ex wants to get a divorce but I was told that I would be unable to remarry in my church if I don’t get an annulment. J.M. Our guest blogger today is James M. DeStefano, Esq. , an […]
I am the sole proprietor of a business which provides services. If I were to leave the business, the business would undoubtedly die because it is entirely dependent on me. Does this mean that my business has no goodwill? How is “goodwill” determined? By way of preface, remember from my prior Ask the […]
The dissolution of a limited liability company (LLC) can be just as complicated and messy as a divorce. However, it does not need to be. A well drafted operating agreement when you first form the LLC can help avoid confusion and costly litigation. Generally, the terms of the operating agreement […]