Beware: 4 Common Reasons Insurance Companies Deny Life Insurance Claims

Everyone is encouraged to have life insurance because it is, in some cases, the last and best chance for your survivors to get some amount of money upon your death. Many employers include life insurance as a perk, and in some cases, certain individuals are required to buy it, depending upon their importance to the financial future of a business. Like all insurance, however, the final determination of whether or Read More

What is the Difference Between a Shareholder Derivative Suit vs. a Direct Claim?

Shareholders in corporations play an interesting role in governing those corporations. By virtue of owning a small portion or “share” of the company, a shareholder has some power to affect change within the corporation, including actions against the corporation. There are two main types of actions against a company: direct claims and derivative suits. What does each mean? Direct Claims If a shareholder is Read More

What Are You Liable for After Buying an Existing Business?

The contract has been signed, the money has been sent, and, most importantly, the keys and the customer list have been handed over to you. You’re in business, right? Maybe. If you buy a business, it is very possible that you are buying not only the assets but the liabilities of the business as well. Buying a business is different than buying just about any other asset. Real estate can come with some strings, but Read More

The 6 Most Important Elements of an Asset Purchase Agreement

When it comes to asset purchase agreements, the more information and details are included, the better. This is because the asset purchase agreement serves multiple purposes, including: Describing the assets to be purchased Setting forth the terms under which the goods are transferred Laying out the rights and responsibilities of both parties Here are the 6 most important elements that need to go into Read More

6 Ways to Help Prevent Financial Abuse of the Elderly

Elder abuse takes many forms, but one of the most common is financial abuse where the elderly person’s assets are drained or at least significantly depleted by fraud, theft, and similar schemes. Many times this happens because the elderly person may no longer be keeping close track of their finances, or worse, they may be taken advantage of by others such as caregivers or contractors. Financial abuse of the elderly Read More

The Advantages and Disadvantages of Franchising

Running your own business is a cornerstone of the American Dream. Those with a unique business idea and the right amount of drive and capital tend to build their own company from the ground up, while others prefer to enter the business arena by buying into a well-established franchise. Why a Franchise? The appeal of a franchise is understandable: it allows aspiring entrepreneurs to start a new business without Read More

What are Your Capital Financing Options?

Money still doesn’t grow on trees, so if you are looking to start your business venture and you do not have a ton of capital on hand (because who does these days?), here are some options and alternatives for securing the capital you need to get your business off the ground. 1) Uncle Jim. We are serious. Many times, family and friends may have, together or individually, some spare change laying around that they Read More

An Overview of Adhesion Contracts or Clauses

Although you probably did not know it at the time, chances are you have signed at least one adhesion contract in your life. Think back to the end-user licensing agreements you have to click on each time you want to download software. Or, in some cases, your mortgage loan documents, car loan documents, or insurance contracts—these are all adhesion contracts or at least contain adhesion clauses. What is an adhesion Read More

5 Common Mistakes to Avoid When Considering Buying an Existing Business

Just like any big purchase involving four or more figures, buying an existing business should be done with a great deal of research, thought, and consideration. What are the things that people most often fail to do in this situation? Here are the top 5 mistakes: Not giving diligence its due. You’ve probably heard of the term “due diligence.” In the legal world, particularly when it comes to asset acquisition, “due Read More

4 Ways Life Insurance Companies Attempt to Deny Claims and How You Can Fight Back

Having life insurance is an important and responsible way to offer protection to your loved ones should you pass away. In most cases, claims on life insurance policies go through without any trouble. There are times, however, when life insurance companies attempt to deny claims. Understanding why they do this, and how you can figure back, can help ensure you get the money that you are entitled Read More