Getting A Divorce While Working for Yourself

Being self-employed during a divorce may lead to some contentious issues. For this reason, here are a few important tips to keep in mind:

Protect Your Assets and Resources

Be sure to maintain adequate income records if you are self-employed.  A former spouse may allege that your income is greater than you are actually claiming.  This may negatively impact your financial future, because you may then be required to pay more in spousal maintenance, among other things. Continue reading “Getting A Divorce While Working for Yourself”

What is a Limited Liability Company (LLC)?

As the owner of a business, it is important to ensure that all incorporating documents and legal requirements are in order. One way to structure a business is to create a Limited Liability Company (LLC), as it is considered to be the least complex way to form a business and more flexible than other types of corporations. By definition, an LLC prevents the members of the company from being held personally liable for the debts and liabilities of the company. Essentially, this means that the personal assets of the company’s owners are kept separate from the assets of the company and the company’s owners do not have to pay the debts or liabilities of the company from their personal bank accounts.
Continue reading “What is a Limited Liability Company (LLC)?”

How DIY Documents Can Lead to an Estate Planning Mishap

With the ever-increasing use of technology, do-it-yourself (DIY) online services are becoming more common. Many people use DIY services to file their taxes, pay their bills, and apply for car insurance. Individuals choose to use DIY services because they believe it is a cheaper means to accomplish what they want to get done. However, when it comes to estate planning, the cheaper option isn’t always the best. Continue reading “How DIY Documents Can Lead to an Estate Planning Mishap”

Family Law Considerations When One Parent is a Non-Citizen

For centuries, people have looked to New York as a place of hope and opportunity for immigrants. Today, New York State still boasts a large population of both legal and undocumented immigrants. In 2014, 775,000 undocumented immigrants made up 17 percent of the immigrant population and 3.9 percent of the total population in New York, according to the American Immigration Council. With such a large population of non-citizens in New York, it is imperative that non-citizen parents, as well as U.S. citizen partners, understand their rights in family court. Continue reading “Family Law Considerations When One Parent is a Non-Citizen”