Under the applicable Financial Industry Regulatory Rules (“FINRA”), whenever a registered representative is terminated from a broker-dealer (“BD”), registered investment advisor (“RIA”) or other type of issuer of securities which is a member of FINRA, the firm is...
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Part 1: The Buyer’s Perspective – The Purchase and Acquisition of a Business.
Part 1 of 2 articles on buying and selling businesses; Adam Jacobs, Esq., details the process and preparation that goes into purchase and acquisition. Decision to acquire a business and Goals. There are many reasons you may decide to buy a business. Regardless of the...
Part 2: Preparing Your Business for Sale or Transfer – Legal Review and Planning
Content: Part 2 of 2 articles on buying and selling businesses; Adam Jacobs, Esq., details the issues and process of preparing for a business sale or transfer. Understanding and identifying legal issues and problems in advance and, where possible, taking corrective...
Upkeep and Maintenance of Your Limited Liability Company
You have started a new enterprise or invested in income producing property and discovered how simple it is to set up a Limited Liability Company (“LLC”). An LLC can offer significant limited liability protection by shielding you from personal liability with respect...
“Use It or Lose It”: Making the Most of Your Estate Tax Exemption
Overview In an unprecedented gesture of fiscal generosity, Congress passed the Tax Cuts and Jobs Act on November 2, 2017, and increased the federal estate and gift tax exemption from $5.49 million to $11.18 million. Subsequent inflationary adjustments have increased...
Different Forms of Ownership Affect How Assets Pass at Death
This article provides a general overview concerning how assets pass at the death of the owner. As highlighted below, an effective estate plan requires careful attention to how one’s assets are owned during lifetime and how such lifetime ownership will impact their...
Should I Select a Family Member to Serve as Trustee?
One of the most important decisions a client will be faced with during the estate planning process is whom to nominate to serve as trustee of his or her trust. The trustee will control the manner in which trust assets are used to support the beneficiaries of the trust...
Child Support Guidelines October 2021
On August 2, 2021, the Executive Office to the Trial Court published new Child Support Guidelines. The new Guidelines become effective on October 4, 2021. There are significant changes to the calculation of support as compared to the previous Guidelines published...
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