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q: What can a Chapter 13 bankruptcy do for a small business?
It can free up cash for current operations, make it easier to reject or reduce leases or equipment contracts that are no longer good for your business, and prevent you from losing cash or assets to creditor collections. It can also give you time to sell the business as a going concern, or sell assets so you can get caught up on taxes, unpaid salaries, and creditor bills.
q: How can a business protect itself against wage and hourly lawsuits?
Wage and hour lawsuits are the number-one area of risk exposure in many companies. However, owners can protect their California businesses from these expensive and time-consuming claims by knowing and following wage and hour laws, and by keeping detailed records.
q:Why use an attorney to incorporate?
Many websites offer “do it yourself” incorporations for businesses. You pay your money, fill out some online forms, and, viola! Your business is now a corporation. So why use a San Diego Law Firm attorney to incorporate? There are four very important reasons.
q: Is it possible to divide child-related tax benefits between divorced parents?
Tax breaks can help reduce the financial burden of raising children. Some – although not all – of these tax breaks can be divided between the parents after a divorce, which in turn can increase the net funds available to support the children.
q: When I die, who inherits my digital assets like email, Facebook, Pinterest, Twitter?
Like many people, you likely have at least some “digital assets” — electronic material and accounts that can only be accessed and used from a computer, cell phone, or tablet. These assets could be email accounts, photos on Flickr, personal information and communication accounts on sites like Facebook and Twitter, and game accounts where you have compiled points or acquired “virtual” possessions like the livestock animations on Farmville or enhanced character abilities on EverQuest. You may even own a salable blog, website, or unused domain name. So who will inherit this digital material when you die? How will they access it?
As always, if you’ve got a legal question let us know. We’d love to pick your question next and answer it on one of the many free legal blogs we offer.
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