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Professionals in a variety of fields may have a fiduciary duty to their clients, assuming a responsibility to put their clients’ interests ahead of their own. When one of these professionals betrays that trust, they commit a breach of fiduciary duty. Breach of fiduciary duty is a serious allegation. If you are convinced that a […]
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When a loved one is diagnosed with dementia, many decisions must be made, such as who will care for the loved one when the symptoms progress. Also of concern will be whether the loved one’s Last Will and Testament (will) and other estate planning documents are in order. If your loved one has been diagnosed […]
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Entrepreneurs embark on a journey that involves creating, selling, and sometimes buying businesses. Sometimes, purchasing an established company is a strategic move toward entrepreneurship. Other times, selling is a beneficial course of action. Both can lead to opportunities for growth and innovation, as experienced by many successful business owners. Buying a business can provide a […]
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Individuals preparing their estate plans sometimes focus on the documents that will govern what happens to the possessions they leave behind and how loved ones will be cared for after they are gone. Many estate planners establish trusts to ensure their assets will be passed on to family members or used to benefit their favorite […]
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Navigating the complex world of selling a business can be a daunting task. Understanding your business’s strengths and weaknesses, identifying your ideal buyer, and being aware of the potential costs and benefits entailed in selling your business are all pivotal points to consider. For peace of mind and in order to secure sound advice throughout […]
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In Part 1 of our series, we discussed common work-related lawsuits and what is often involved.  In Part 2 learn about how to protect your organization from employee lawsuits, and find out how an Arizona business lawyer from Harrison Law, PLLC can help businesses overcome their employment-related legal issues by calling (480) 320-2310. How Do […]
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The Equal Employment Opportunity Commission (EEOC) received 143 harassment or discrimination lawsuits in 2023, according to the Society for Human Resource Management (SHRM). As American employees become more aware of their legal rights, workplace lawsuit filings continue to rise, highlighting the importance of fair and lawful workplace practices. Read about how to protect your organization […]
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Selecting the perfect name for a business isn’t as simple as it may seem. It’s not just about creativity and branding, there’s a whole world of regulations and rules to navigate. From ensuring the name hasn’t been trademarked to complying with state-level naming rules, the process can be complex and time-consuming. Understanding these regulations is […]
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When it comes to estate planning, understanding the difference between revocable and irrevocable trusts is crucial. These two types of trusts, while similar in some respects, offer distinct advantages and disadvantages. A revocable trust, for instance, provides flexibility as it can be modified by the grantor. On the other hand, an irrevocable trust, once created, […]
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Investing in commercial real estate is a proven strategy for building wealth. With some of the highest income streams in the real estate market, commercial properties offer lucrative opportunities for investors. If you’ve been considering a shift from residential to commercial real estate, this guide is your roadmap to success. The key to successful commercial […]
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A key reason why people conduct estate planning in the first place is the desire to transfer assets to beneficiaries efficiently, but some trusts, such as dynasty trusts, are more appropriate for those wanting to establish a lasting legacy spanning multiple generations. Due to the long-term and irrevocable nature of these trusts, considering carefully before […]
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Companies increasingly opt for independent contractors instead of employees due to the financial advantages they offer, but many businesses often fail to categorize their staff correctly; for instance, according to the Economic Policy Institute (EPI), 10% to 20% of employers misclassify one or more employees either deliberately or by accident. Despite the difficulties in recognizing […]
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You might have heard that putting your house in a trust is a great way to pass your family home to your children. However, this is not blanket advice. Every situation is different. What might be good for one family might not be good for another family. There are several ways that you can transfer […]
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According to the Alliance for Financial Inclusion, 40 percent of businesses struggle to access reliable financing. The outcome of this struggle can make or break the average enterprise, and the Bipartisan Policy Center describes credit as “essential” – especially for small businesses. As companies consider their full range of financing options, they may encounter the […]
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Although most people know they should have an estate plan for loved ones to follow in the event of death or incapacity, the need for such a plan can often feel like a distant possibility until the plan is actually needed––by which time it will be too late. A Last Will and Testament is an […]
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