Six Types of Insurance Every Business Should Have in Place

Six Types of Insurance Every Business Should Have in Place

Before you open your business, it’s imperative to have proper insurance coverage. A single lawsuit or catastrophic event can wipe out a company before it even has a chance to get off the ground.

That said, there are many types of insurance out there, and some policies can be extraordinarily expensive, so it’s critical to know what specific risks your company faces and what types of insurance will best cover those risks.

The following insurance types are among the most-often needed for practically every business, no matter how big or small.

Estate Planning Best Practices Gleaned from Famous Celebrity Deaths

Estate Planning Best Practices Gleaned from Famous Celebrity Deaths

Discussing death can be awkward, and many people would prefer just to ignore estate planning all together. However, ignoring—or even putting off—such planning can be a huge mistake, as these celebrity stories will highlight.

The next time one of your relatives tells you they don’t want to talk about estate planning, share these famous celebrities’ stories to get the conversation started. Such cautionary tales offer first-hand evidence of just how critical it is to engage in estate planning, even if it’s uncomfortable.

Four Vital Legal Agreements All Startups Should Have in Place

Four Vital Legal Agreements All Startups Should Have in Place

When getting a business off the ground, one common mistake business owners make is not establishing a solid legal foundation to protect their company from unforeseen situations and circumstances. The most effective and efficient way to provide this legal bedrock is by putting a set of key legal agreements in place.

Gleaned from years of business experience and advice from seasoned and highly successful entrepreneurs, we’ve outlined the core four legal documents that a company’s founders should put into place as soon as your business idea evolves into a reality.

Common Estate Planning Issues You Must Navigate When Contemplating a Second (or More) Marriage

Common Estate Planning Issues You Must Navigate When Contemplating a Second (or More) Marriage

These days, second and even third marriages are fairly commonplace. And the estate planning issues that arise from multiple marriages can be highly complex and confusing.

Merging two families into one presents unique legal and financial challenges that can cause significant conflict and distress unless effective estate planning has been put into place early on. Here are a few of the most common issues that blended families should keep in mind when it comes to estate planning.

Four Intellectual Property Myths Business Owners Should Be Aware Of 

Four Intellectual Property Myths Business Owners Should Be Aware Of 

Many small business owners fail to realize just how valuable their intellectual property is. But the fact is, intellectual property (IP) makes up between 40% to 90% of the total value of some companies, according to valuation experts. Given this, it’s extremely important that these assets are well protected if you have them—and you probably do, even if you’re not aware of it.

However, IP is a somewhat murky area of law, and if you’re not educated about how things like copyrights, trademarks, and patents work, you can be at a huge disadvantage. You should always contact us as your Local, Friendly Lawyer to secure your IP assets, and to give you some idea of how complicated this legal landscape can be, here are four popular myths about IP protection for business owners.