Medical Power of Attorney

Medical Power of Attorney

A medical power of attorney is a legal document that gives a person the authority to make decisions regarding the health care of another. By naming an agent, to be responsible as a medical power of attorney, and making certain medical directives, you get to decide what type of health care treatments you undergo in case you are unable to express these wishes yourself...

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LLC in the US | How to Form an LLC in the USA?

LLC in the US | How to Form an LLC in the USA?

Forming an LLC in the US is one of the most common issues for many people seeking opportunities to start a business in the US. LLC, a Limited Liability Company. It is a specific business and partnership structure in the United States. In this blogpost we will discuss forming an LLC in the US, investing in America and starting a business in the USA. Let’s take a look at LLC in the US and how to form an LLC in America?..

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What is Piercing the Corporate Veil?

What is Piercing the Corporate Veil?

Piercing the corporate veil refers to a legal problem in which a court removes the separation of owners, members, shareholders, and the corporate entity and holds them liable for corporations’ debts and actions personally. ..

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COVID-19 Economic Injury Disaster Loan (EIDL) Program

COVID-19 Economic Injury Disaster Loan (EIDL) Program

The Small Business Administration (SBA) has increased the loan limits for the COVID-19 Economic Injury Disaster Loan (EIDL) program, which means you may be eligible to receive additional loan funds for up to 24 months of economic injury with a maximum loan amount of $500,000. ..

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How Can Non-USA Citizens Set Up a Business in the USA?

How Can Non-USA Citizens Set Up a Business in the USA?

Setting up a business is a hard process itself. This process can be harder in a foreign country. Then, is setting up a firm difficult in America? Especially, what should the non-USA citizens be careful about? ..

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Business Succession Planning Issues You Need to Consider

Business Succession Planning Issues You Need to Consider

For business owners, having an infallible business succession planning strategy in place is indispensable to preserve the legacy of their company. A sound succession plan ensures a favorable transfer of ownership. Besides, it ensures that the baton is passed to the successive generation with minimal disruption to the business. ..

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What are the Legal Issues that the Businesses Should Pay Attention When Building an Online Shopping Website?

What are the Legal Issues that the Businesses Should Pay Attention When Building an Online Shopping Website?

The marketplaces such as Amazon, Etsy and Ebay are main playing fields for the businesses. However, the firms also need their own websites which enable the customers can shop. The website, which is specific to a firm, plays an important role in introducing the firm to the customers. A website which is well-designed and targeting customer satisfaction can provide significant credibility for the business. ..

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Forming a Corporation | How to Start a Business in the US? | A Brief Guide

Forming a Corporation | How to Start a Business in the US? | A Brief Guide

Forming a corporation in the US is the first thing to know for those who wish to start a business and invest in the US. Since this topic is closely related to investment visas such as the E-1, E-2, EB-5 visas, we recommend taking a look at these blog posts...

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Durable General Power of Attorney

Durable General Power of Attorney

A durable power of attorney gives you the authority to choose a person who will act on your behalf for legal and business matters. This person, called an attorney-in-fact, becomes your representative and can handle a range of responsibilities for you such as buying and selling property, managing bank accounts, filing tax returns, and applying for government benefits...

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Registering Your Business, Why Is It Important?

Registering Your Business, Why Is It Important?

Registering your business can refer to register a business name, trademarks, register to pay taxes, or register for licenses or permits. Your location and business structure are two main factors how you will need to register your business. The registration processes depend on the type of your business entity and what state your business is operating in. Small businesses register with the federal government for tax-exempt status, trademark protection, and IPRs in some cases. If your business is regulated by federal institutions and regulations, you need federal licenses and permits. You do not need to complete this step if your business is a Sole Proprietorships and General Partnerships. Getting an Employer Identification Number (EIN) and hiring a Registered Agent are also parts of registering your business....

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Last Will and Testament

Last Will and Testament

A last will and testament is a legal document in which an individual, or testator (the person who leaves the will), can determine how their property and personal possessions are handled after their death. Your will includes necessary details about how assets are divided among your beneficiaries. A beneficiary can be anyone who the testator names to gain any of their possessions and property left in the will. Moreover, it can name your choice of an executor, which is the person who is put in charge of your affairs and your estate at the time of your death. ..

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Intellectual Property - How Businesses Can Protect

Intellectual Property - How Businesses Can Protect

There are over 2,500 to 2,600 lawsuits filed every year on the grounds of patent and copyright infringement. Unfortunately, Intellectual Property (IP) disagreements are more common than you thought! So, what exactly is Intellectual Property? And if a violation is so common, how can you protect it? Read on to find out all about IP laws (yes, there are more than one), which ones apply to your business, and how to go about registering your asset as IP...

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SBA Loans for Small Businesses – A Brief Guide

SBA Loans for Small Businesses – A Brief Guide

Do you know that you can meet many needs of your business using a SBA loan? You can fulfill many business funding requirements such as the need of working capital, servicing debts, purchasing inventory, machinery, fixture, or real estate with this loan. The presence of SBA guarantee in such a loan makes it a favorable choice of businesses. Here, we have compiled the most important points you should know about SBA loans...

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Business Ownership- Carry Out Transfer Successfully

Business Ownership- Carry Out Transfer Successfully

You have founded and run a business successfully for years. Now, you have come across a more interesting opportunity that deserves your attention. Or you are eying a dream retirement so that you can pursue your hobby. But that need not mean an end for your business. By transferring business ownership, your business legacy can endure even after you...

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Enforce Ability of Non-Compete Agreements and Biden's New Executive Order

Enforce Ability of Non-Compete Agreements and Biden's New Executive Order

On July 9, 2021, President Biden signed an Executive Order, which directs the Federal Trade Commission (the “FTC”), to limit non-compete agreements and other clauses and provisions, which “unfairly limit worker mobility.” Non-compete contracts are agreements between employers and employees that generally restrict where a person can work after leaving a job, and are fairly common in construction, manufacturing, and retail, media and IT sector...

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The New Era for Startups, Opportunities, and Challenges

The New Era for Startups, Opportunities, and Challenges

The new era for startups brings a lot of unpredictabilities. If many people agree that “customer and agile development is the way for startups to quickly iterate and test their hypotheses about their business model”, investors must be careful about what type of entity is the best to form for their investment, an LLC or a C corporation. a startup is an organization formed to search for a repeatable and scalable business model. ..

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New Jersey Bulk Sales Law Review

New Jersey Bulk Sales Law Review

The New Jersey Bulk Sales law intends to protect buyers from inheriting tax debt from sellers when purchasing business assets. This law was enacted to cover all outstanding taxes that a business asset may have, including final payment of sale taxes and any delinquent/deficient taxes owed by the seller...

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