Becoming an entrepreneur is exciting. To own one's own successful business and be self-sufficient is the American dream. However, setting up a new business to begin operations can be stressful if a first-time business owner does not have experienced advisors. There...
Electronic wills are convenient but have some disadvantages
Some Louisiana residents may be happy to know that electronic wills may become a reality in some states. The Uniform Electronic Wills Act is serving as a model for states that are interested in adopting a form of this legislation. One of the biggest advantages that...
What remedies can be received for breach of contract?
Louisianans who have a contract with another person or entity do so expecting that the parameters of the contract will be adhered to. However, issues can arise for a variety of reasons and there could be accusations of a breach of contract. With this or any other...
Determining the right individual to assign as a trustee
A lot of work goes into determining if a trust is right for certain Louisiana residents. They usually work closely with an adviser to help them find the right trust, and they may do extensive research to be sure that the trust they have decided upon is right for their...
Are option contracts straightforward? Maybe not
Business contracts have an enormous amount of flexibility, which allows them to accommodate just about any type of business arrangement. While this can prove beneficial to the parties involved in negotiations, it can also present a number of challenges. Oftentimes,...
Estate planning complications in blended families
Blended families may face some complicated emotional and legal issues when it comes to estate planning. For example, some adult children in Louisiana might wonder what may happen if a parent decides to leave an entire estate to a stepparent and whether they would be...
Contract disputes and anticipatory breach
A breach of contract often takes Baton Rouge businesses by surprise. These businesses typically negotiate in good faith to reach agreements that further not only their interests, but also those of the other party to the contract. Yet, sometimes parties to a contract...
What is a leveraged buyout of a business?
Whether you have been thinking about selling off all, or part of your business or if an offer has come to you completely out of left field, you may be wondering about a leveraged buyout. Whether the business is fairly new and growing rapidly, older and holding steady...
Are you worried about heirs blowing through their money?
Not every parent or grandparent is in the position to leave a hefty chunk of change to their offspring. But those who are so fortunate may have concerns about how the sudden windfall may negatively impact their loved ones. That's an understandable concern. While your...
Your effort to support business relationships may reduce conflict
Business relationships can be complicated at times despite your best efforts to establish boundaries and mutual agreements from the start. Reducing the chances that conflict occurs is something that you can do when you actively support and strengthen the relationships...