Most Recent Attorney’s Blog Posts

  • Corporate and LLC Meetings, Minutes & Resolutions
    Business owners are often advised on the importance of holding annual meetings, documenting their minutes, and exercising proper corporate formalities as a method of preventing the “piercing of the corporate veil.” However, although many people know they should be holding meetings and doing their minutes, our experience with new business owners who do not have a history of being in the “corporate” world or serving on a “board of directors” is often a feeling of confusion and cluelessness as to what meetings and minutes are and what purposes they serve. Although the general purpose of meetings, minutes and resolutions are ... read more
    Source: Mark J KohlerPublished on 2017-09-19By Mark J. Kohler
  • Corporate and LLC Meetings, Minutes & Resolutions
    Business owners are often advised on the importance of holding annual meetings, documenting their minutes, and exercising proper corporate formalities as a method of preventing the “piercing of the corporate veil.” However, although many people know they should be holding meetings and doing their minutes, our experience with new business owners who do not have a history of being in the “corporate” world or serving on a “board of directors” is often a feeling of confusion and cluelessness as to what meetings and minutes are and what purposes they serve. Although the general purpose of meetings, minutes and resolutions are ... read more
    Source: Mark J KohlerPublished on 2017-09-19By Mark J. Kohler
  • Getting Married? You’ll Need a Caterer, a Photographer, a DJ … and a Lawyer!
    The process of getting married can be one of the most wonderful, exciting … and stressful periods in a person’s life.  There’s so much to plan for and do (and so many people to impress) that it can be hard to focus on what’s really important – the fact that you are making a commitment to love, honor and cherish the person who is (hopefully) the love of your life. In the midst of deciding what flavor of cake to have and who will make the cut in terms of getting an invitation, please don’t overlook the fact that ... read more
    Source: KKOSLawyersPublished on 2017-09-12By Jarom Bergeson
  • Penalty-Free Early IRA Distributions for College Education Expenses
    Do you have tuition or other college expenses due for yourself, your spouse, or your child? Would you like to use your IRA to pay for these expenses? Would you like to avoid the 10% early withdrawal penalty for accessing your IRA funds before you are age 59 ½? This article outlines how you can avoid the 10% early withdrawal penalty when using your IRA to pay for higher education expenses. Whether you should actually take a distribution from your IRA to pay for the higher education expenses of your child is another topic. Sadly, too many parents have raided ... read more
    Source: Mat SorensenPublished on 2017-09-04By Mat Sorensen
  • Personal Privacy versus Asset Privacy- A Unique Perspective that will Surprise You
    Privacy is a big topic and it’s not just about being careful with whom you share your personal information with. There are a lot of tricks and techniques out there on the ‘blogosphere’ that we could learn and implement. However, it can also be overwhelming trying to ‘hide’ our personal information in this day and age of technology, if not outright futile. It’s difficult to determine which strategies work and are worth the effort. The important point I want to make in this short article is that we need to understand what we are trying to protect, and then be ... read more
    Source: Mark J KohlerPublished on 2017-08-29By Mark J. Kohler
  • Personal Privacy versus Asset Privacy- A Unique Perspective that will Surprise You
    Privacy is a big topic and it’s not just about being careful with whom you share your personal information with. There are a lot of tricks and techniques out there on the ‘blogosphere’ that we could learn and implement. However, it can also be overwhelming trying to ‘hide’ our personal information in this day and age of technology, if not outright futile. It’s difficult to determine which strategies work and are worth the effort. The important point I want to make in this short article is that we need to understand what we are trying to protect, and then be ... read more
    Source: Mark J KohlerPublished on 2017-08-29By Mark J. Kohler
  • Essential Tax & Legal Tips for the NEW Business Owner
    Starting a business is a process.  It is MUCH more than filing the one or two page articles/certificate of formation with the state.  At the same time, it doesn’t have to be so complicated and overwhelming that you never start.   Further, not only is starting a business a process, it’s a process that is unique to YOU.  It is not a cookie-cutter one size fits all proposition.  What your business and YOUR situation require may be completely different than anyone else you might know who is self-employed.  Having said that, here are ten tips that apply to all businesses, but ... read more
    Source: KKOSLawyersPublished on 2017-08-28By Kevin Kennedy
  • Should I Have an Umbrella Policy?
    I talk to many clients that think buying an Umbrella Insurance policy is a “no brainer”.  I don’t know if I completely agree with that belief and think it’s important business owners understand what they are paying for and actually getting. Yes…its very affordable, and so for many they think “the annual premiums are so cheap and if it gives me any additional protection or peace of mind- why not?” However, lets talk about that ‘additional protection’ you think you are getting. Excess not ‘Gap’ coverage Many people think that umbrella insurance is great coverage because it will ‘fill in ... read more
    Source: Mark J KohlerPublished on 2017-08-22By Mark J. Kohler
  • Buying a Retirement Home With Your Self-Directed IRA
    A common question among self-directed IRA investors is, “Can I buy a future retirement home with my IRA?” Yes, you can buy a future retirement home with your IRA, but you need to understand the rules and drawbacks before doing so. First, keep in mind that IRAs can only hold investments and you cannot go buy a residence or second home with your IRA for personal use. However, you can buy an investment property with a self-directed IRA (aka “SDIRA”) that you later distribute from your IRA and use personally.   The strategy essentially works in two phases. First, the ... read more
    Source: Mat SorensenPublished on 2017-08-22By Mat Sorensen
  • Til Death Do Us Part – Marriage and Asset Protection
    The question of whether a spouse can be held liable for the debts of the other spouse is often asked from married  (or to be married) couples, but the answer is not uniform and depends largely on  the laws of the state where you reside. MOST STATES – COMMON LAW TREATMENT The large majority of states that are NOT one of the nine “community property” states discussed below operate under the “common law” system, derived from Great Britain.  In these common law states, the liabilities of married couples are generally determined under the “title” theory, meaning whichever spouse is ... read more
    Source: KKOSLawyersPublished on 2017-08-15By Lee Chen
1 2 3 4