Legal Hokum on a Holiday Weekend
- October 17, 2019
As a lawyer, I love what I do. I’m proud of how I do it. And sometimes, I hear about members of my profession who just make me want to spit. On them. From the Annals of…
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November 2, 2014
When titans of industry pass on or resign, as Steve Jobs from Apple did recently, there’s usually a flurry of speculation about the business succession plan. Who will take over? Will they have the same creativity, moxie, or charisma? Will the change be good for the company? Did the stock price go up or down? Is that a sign of confidence or weakness? Drawing far less media attention is what happens when a solopreneur or sole owner of a company dies. What happens to the company? The copyrights or trademarks that the company owns? What happens if there’s no business succession plan or obvious purchaser of the assets? Here are the top items and documents a solopreneur should have organized before he/she passes away: 1. Life insurance. For many solopreneurs, their business is the sole or primary source of household income. Life insurance can help bridge that gap and provide funds for your family to live on for a time, until they can get on their feet and start making their own. 2. A winding-up…
Continue ReadingAs a lawyer, I love what I do. I’m proud of how I do it. And sometimes, I hear about members of my profession who just make me want to spit. On them. From the Annals of…
Read MoreReports last week indicated that Siemens, the German conglomerate, was looking to end its partnership with Fujitsu Siemens Computer. According to CNET News.com, the nine-year-old joint venture could be valued at between $3.12 billion and $4.65…
Read MoreQ.: A work order constitutes an agreement to perform a service. Indebtedness does not occur until the service is performed. So does a signed work order acknowledge an indebtedness? A.: A signed work order does…
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