Many businesses close down. And you may find yourself considering it. Even though it can be emotional and challenging, it may be the best move for your business. Here are four reasons that may contribute to you closing your business: Personal reasons This is one of...
We don’t like to think about our mortality, but we will inevitably die someday. Many of us have loved ones, and we worry about what will happen to them when we are gone. Many believe a will is sufficient for their needs. However, a comprehensive estate plan can offer...
The prospect of family members fighting over estate resources is a stressful idea for many Nevada testators. They don't want the resources they earned to go to waste, and they don't want their final legacy to be a massive family dispute that pits siblings and cousins...
The personal representative of a Nevada state is the individual technically responsible for overseeing estate administration. Their position requires trust, as they manage and distribute the personal resources of someone else. They need to put their own wishes and...
Have you ever seen two businesses that are clearly unrelated but that have similar names? There are situations in which this can be completely legal and not a violation of anyone’s intellectual property rights. After all, business names often are not trademarked or...
The process of estate administration in Nevada can be relatively intense. The decedent may have named an executor in their documents, or the probate courts may need to assign a personal representative to manage the estate. That individual must then review the estate...
An executor is a person named in someone's will who -- once confirmed by the court -- oversees the distribution of their estate. There’s a lot that an executor is expected to do. If you find yourself in this position, here's where to start: Locate the deceased's last...
You must make many critical decisions when creating your estate plan. One such decision is choosing someone to carry out the wishes expressed in your documents (distribute property, pay debts, etc.). But how do you choose an executor? Start by writing down a list of...
Entering into a business partnership is like starting a professional marriage. Both parties must be aligned in vision, goals and operational ethics for their shared opportunity to have the best chances of success. Yet, even the most harmonious business relationships...
Running a company requires a lot of time, investment and effort. The last thing on your mind may be who is going to take over once you are finished. Nonetheless, you can’t run the company forever. This is where succession planning comes in. Ideally, you want the...