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INSURANCE MATTERS: Don’t Waste the Insurance You’ve Already Bought
Through the years, certain client problems seem to come across my desk now and again, and then not again for a long time. Recently, there seems to have been a spate of situations in which clients have lost coverage, or almost lost coverage, under insurance policies by not giving correct notice to their insurer (or…
Intellectual Property: How Do I Patent an Invention?
Protecting your invention through a patent is crucial for safeguarding your intellectual property and securing exclusive rights to your innovation. Understanding the patent process can help you navigate this complex legal area. What is a Patent? A patent is a legal document granted by the U.S. Patent and Trademark Office (USPTO) that gives the inventor…
Before you Sign a Contract: Is That Your Real Name?
Sign Here I’ve practiced in the area of contract law for twenty-five years, and I’ve noticed something: Many people simply do not understand how to sign contracts. This struck me as strange at first, but after years became commonplace. Allow me to explain: By signing the contract, I mean signing their name on the correct…
New IRS Rules Regarding Partnership Audits (including LLCs), Part I
This blog will be part one of three regarding the new IRS BBA Rules regarding partnership audits that went into effect on January 1, 2018. Background: For over 35 years the IRS has wrestled with effectively auditing partnerships and their partners (including LLCs and their members, once LLCs began being widely used in the 1990s)….
U.S. Citizenship and Immigration Services Issues New Edition of Form I-9
The Department of Homeland Security, through U.S. Citizenship and Immigration Services, recently issued a new edition of Form I-9 on March 8, 2013. The previous edition expired on August 31, 2012, but employers had been allowed to use the expired form while the new edition was being produced. Employers should now begin using the March…
Best Practices in International Business Contracting – Part 1
All contracts are subject to certain laws. The beauty of contracting is generally being able to choose which laws become part of the contract. An international business contract, for instance, it should generally read like a sophisticated business contract that will be performed by two domestic, English speaking parties. However, depending on the home countries…