Should I Incorporate My Business at the Formation Stage?

One of the biggest questions for someone starting their own business is whether they should incorporate their business at the formation stage. While a business formation can be expensive during a startup, having the Inc., behind your business name from the beginning may well protect your personal wealth and save you money and protect you in the long run, and it may well help to solidify your image and status as a reputable business, as well as help get investors and formalize your relationship with other owners. Your best bet when it comes to trying to decide when to incorporate your business is to engage a business attorney and Certified Public Accountant (CPA) to explain the different aspects and advantages... Read More

Should I Try To Cooperate With the Other Party Post Auto Accident?

Many Indiana and Kentucky drivers in the midst of an auto accident find themselves going on auto-pilot while reacting to a barrage of calls and mailings. Shock and other emotions associated with getting in a wreck can make the entire post-accident period very confusing and disorienting. If another driver was at fault, however, you need to approach the situation carefully to ensure that your rights are protected and that you don’t allow an insurance company to take advantage of you. You might think that talking to the other party is simply the right thing to do, but the reality is that you cannot predict how another person is going to react in a car accident. They may attempt to blame... Read More

Top Questions to Ask Your Potential Criminal Defense Lawyer

If you have been arrested, you need to act quickly to retain an experienced Indiana or Kentucky criminal defense attorney. The stress of the situation should not overwhelm your desire to find the right attorney for your case. That’s why it’s so important to ask these critical questions of the attorney you intend to hire. Will you be the person handling my case? In large law firms, it’s a common tactic to have the main attorney meet with you but have another attorney or a paralegal be your point of contact. If you want the peace of mind in knowing that you have an attorney you can speak to, make sure you clarify communication expectations at the outset of your... Read More

Estate Planning Tips: Is An Irrevocable Life Insurance Trust For Me?

There are many trusts out there that provide a range of benefits to individuals, but the irrevocable life insurance trust can be a helpful tool as a holding entity. Whether you’re in Kentucky or Indiana, life insurance can provide critical funds to loved ones in a time of need. Life insurance can help replace the lost individual’s salary or wages or provide for bigger needs like a mortgage or college education. Like the foundation of many other trusts, your life insurance policy is technically owned by another entity- the trust. Bear in mind that that term “irrevocable” means that you typically can’t alter the ownership of the policy after it has been handed over to the trust. Used appropriately, an... Read More

LLC Basics: Do I Need a Business Planning Attorney?

If your Indiana or Kentucky business has grown to the point where you are concerned about liability, the next step may be to file and create a limited liability company, also known as an LLC. Much like a corporation, an LLC can protect the owner from personal liability in the event of lawsuits and payment of the business debts. Putting together an LLC is not as easy as setting up a partnership or a sole proprietorship, but in comparison it’s also much easier to manage than a corporation itself. It can have the same tax attributes and benefits as a corporation, including employee benefits. In order to file an LLC, you’ll need to file Articles of Organization with the state... Read More