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The Vitual Attorney Blog

LLC or S Corp.

I'm frequently approached (virtually) by entrepreneurs that have great ideas for a new business to start. They know that they need to form SOME type of business, but often they don't know much more than the terms "LLC" or "Corporation." That's by no means a knock on them, as most people don't have much reason to know the differences between various types of business entities, much less how their structure can have an effect of operations,...

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Financial Planner Brian Plain

As any estate planning attorney will attest to, financial planners are some of our strongest allies when we work to help clients ensure that their futures and families are well taken care of. But, not all advisors are alike. Some charge flat fees, like an attorney, for ongoing involvement with your financial affairs, while others don’t charge anything, but rather make a living off of commissions paid to them by the institutions with which they place policies.

Given the wide array of options out there, finding a planner that...

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The Alternative Advisor

As an estate planning attorney, I find myself working with clients to protect certain aspects of their financial life at a very high level, meaning, that while we work together to establish the framework that ensures the client and his or her family will be taken care of should something happen, I don't specifically deal with the financial vehicles involved in helping folks grow their assets during life. That's where the financial advisor comes in and why guys like Brian Plain are great to have on your team.

Brian is a...

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chain and padlock

Drafting a complete estate plan can give a person peace of mind in the assurance that he and his loved ones will be taken care of should disability or death come knocking. One of the most common questions I get as an estate planning attorney is,

“What should I do with all these documents you just drafted for me?”

It’s a valid question. Safekeeping estate planning documents to ensure that they won’t be modified, stolen, or destroyed is just as important as...

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black and white dog

According to the Humane Society of the United States, pet ownership in the United States has more than tripled from the 1970s, when approximately 67 million households had pets, to 2012, when there were 167 million households that owned pets, or in other words, in 2012, 62 percent of households had at least one pet. That number is sure to be even higher now.

Even the lifespans of companion animals with the most...

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build a business

One of the first decisions an entrepreneur must make after deciding to start a business is how the business should be structured. There are a number of options, from C Corporation to S Corporation, to various types of partnerships. But by far, the most common entity chosen by small business owners is the Limited Liability Company, or LLC. The LLC offers a number of advantages over operating a business in an individual capacity as a...

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