In Lefemine, the Supreme Court established a test to determine when a liquidated damages provision will be enforceable, and when it will be unenforceable as a penalty clause. ...
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Some families work very hard in a family owned business. And that family owned business becomes a very important asset in the event of a divorce. That asset needs to be valued. We use professionals that we work with to help value that business. We come up with an overall valuation and then we also have to determine what portion of that business is marital and the value of that marital portion. Things like valuing that assets - the tangible assets, the intangible assets,good will -- all go into valuing the business. ...
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How Do I Determine if A Worker Is an Employee or an Independent Contractor and What Difference Does it Make?...
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All businesses should have a working relationship with an attorney. The first step toward developing this relationship is to choose an attorney who can best service the needs of the business....
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I've seen all too often that in an effort to get businesses up and running, business owners often throw form invoices, contracts and other business documents together just to have something for customers to sign to evidence the products or services bought or delivered. No one can fault business people for wanting to get on with business. After all, no can come in until the business is up and running. What often happens, however, is that once the business is up and running the business owner forgets that the original invoices and contracts were thrown together hurriedly. Until there is a...
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Deciding how to handle a family business in a divorce can be a difficult issue. Many factors go into valuing a business and deciding how it should be equitably distributed....
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