Archive for March, 2010
Thursday, March 25th, 2010
As a small business owner you probably have a lot of questions spinning in your head, such as:
• Where do I find clients?
• How do I pay for inventory and equipment?
• How do I market my products/services?
These are all critical things to work out to ensure a successful business. However, you should consider putting these issues aside for just a moment, because you really need to make sure you’ve got a solid legal foundation in place to protect your business and your personal assets.
One of the first steps to creating this rock solid foundation is to determine how you should form your business. There are several options to consider: LLC, sole proprietorship, S-Corp…how in the world are you supposed to decide that on your own? The answer is: you shouldn’t. You should consult with a trusted advisor who can guide you through the advantages and disadvantages of all business structures as they relate to your business.
Here at the Morgan Law Group, we’ve counseled lots of Orange County business owners who have either neglected to take the time to address this issue or were poorly advised (or not advised at all!) when they made their choice to form their business. But, no worries…it’s never too late to set things straight!
In future blog posts we’ll walk through the four pillars of a successful business, starting with things to consider when forming your business. But for now, you should consider attending the Orange County Chapter of the National Association of Women Business Owner’s (NAWBO-OC) educational event on April 6th, where I will be teaching women business owners how to make sure their business is on a rock solid foundation.
Thursday, March 18th, 2010
Kudos to those of you who have taken the time to prepare your estate plan! You have given a wonderful gift to your family and you definitely deserve a pat on the back. But if you had your estate plan done at a traditional law firm, you may think that you are finished with this task for life, and mistakenly believe that it would be fine if you never laid eyes on your attorney again. As the clients of the Morgan Law Group (LINK) know, the delivery of your estate plan is just the beginning of a beautiful relationship.
You see, an estate plan is just like a car or house; it needs regular review to make sure that it stays in good working order. There are just too many things that impact your estate plan. You should consider your estate plan something that ages and something that requires care and tending. Here are just a few reasons why your plan may need to be updated:
• You’ve given birth or adopted a child.
• Someone you’ve named in your plan passes away.
• You’ve added or sold a significant asset.
• You’ve changed your mind about who you want to raise your kids.
Life keeps us so busy that even if one of these events occurs and you remember that you need to change your will or trust, very few people actually take the time to do so.
This won’t happen to the clients of the Morgan Law Group. One of the many benefits that our clients receive is that they will be reminded at least every three years that their estate plan must be reviewed. We do this review free of charge and, most importantly, we remind you when it is time. Your plan is simply just not going to get old or stale.
If you had your estate plan done at another law firm, you should contact them and ask them about their process and ask how they are ensuring that your plan will work in the way you planned when it was created. If they don’t have an answer for you, contact us to see if you are eligible for a free review of your existing plan. We’ll be happy to take a look and make sure that your family will be taken care of no matter what.
Southern California Probate Attorney / Estate Planning Lawyer / Wills & Living Trusts Law Firm
Serving: Los Angeles, Orange County, Riverside, San Bernardino, San Diego & all of Southern California
The estate planning law firm of Morgan Law Group, apc serves all cities in Orange County, including: Aliso Viejo, Anaheim, Balboa Island, Brea, Buena Park, Capistrano Beach, Corona Del Mar, Costa Mesa, Coto de Caza, Cypress, Dana Point, as well as estate planning in Foothill Ravnch, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, and estate planning and probate in Los Angeles, Mission Viejo, Newport Beach, and estate planning and probate law firm information in Orange, OC, Placentia, Rancho San Margarita, San Clemente, Santa Ana, Seal Beach, Tustin, Villa Park, Westminster, and Yorba Linda.