Business Formation: What You Need To Know
If you are a business entrepreneur, it is safe to assume you know starting a business or corporation is stressful, entailing a wide array of legal matters that need to be addressed and maintained from the start. Despite all of the hard work that goes into forming a corporation or business from the bottom up, if done correctly, corporate business legal structures provide the most protection from personal liability, a greater ability to raise funds, and many other advantages. At Heritage Law, LLP, we strive to offer our clients a full range of experienced legal counsel on everything from: To …
Tax Planning Tips You Need To Know
There is nothing smarter and more beneficial than knowing how to budget and successfully plan around your taxes. That is why we have compiled some of the best tax need-to-know tips to make sure you are getting the most return on your taxes and investments. Invest In Non-Taxable Income: Did you know there are several options you have when it comes to non-taxable investments? If you have yet to invest in a Roth IRA or public/municipal bonds, you are missing out on a great opportunity to multiply your non-taxable income. Roth IRA accounts allow you to invest money into an …
Commercial Real Estate Law- 5 Things You Need To Know As An Owner
Although planning for the future financial well-being of your family may seem intimidating, it is an essential step to ensuring that your family and assets are properly cared for when you can no longer be there for them. A shocking 55% of Americans do not have a solid estate planned ahead for the future of their families, leaving them vulnerable to court-related expenses and worse. When creating your personal trust and estate, it is vital to know and understand the proper key elements of the process. Below are the top need-to-know elements when creating an estate. How To Determine What …
The ABCs of Advanced Estate Planning
Planning your estate can lead to a lot of decisions and even more emotions. Figuring out how to divide your assets, and how best to protect your beneficiaries from a tax burden are just a couple of the challenges. Fortunately, estate-planning lawyers have vast experience in determining which outcome may be best for you. While no situation is simple, the attorneys at Heritage Law, LLP want you to know that they can help navigate you through these difficult decisions, leaving you with peace of mind that your estate is properly handled. Here are some of the options available to you: …
What You Need To Know: Short-Term Rentals and Your Home
When buying an income property in today’s day and age, the concept of using it sporadically and letting it sit vacant most of the time is foreign. More than ever, people are sharing their assets to maximize their return on their investment. It is becoming common for people to open up their homes on Airbnb, VRBO, and other platforms. While vacation rentals are nothing new, they are a hot topic in the eyes of city governments. Before you sign up and hand over the keys to your home to strangers, the Real Estate attorneys at Heritage Law, LLP have some …
Joint Tenancy vs. Living Trust: How to Protect Your Property
As we get older, we must protect our assets and specifically designate them, so that our final wishes are met. When it comes to property, like a home, the two most common options are joint tenancy and a living trust. As leaders in Orange County trust and estate planning legal services, the attorneys at Heritage Law, LLP want to provide you with the best information to make an informed decision. Joint Tenancy When a couple purchases a home, typically they are co-owners. This type of ownership creates a right of survivorship, which means that when one owner dies, the other …
3 Valuable HOA Home Buying Tips You Need to Know
When buying a home, condo or townhouse, you wouldn’t want to buy next door to where dogs are always barking, couples are always fighting, or neighbors are throwing parties all night long. But even after you’ve vetted the street and community several times before making an offer, there may be other silent issues to consider about your community. In Orange County, there are many master-planned communities offering beautiful homes, wonderful aesthetics, and enjoyable amenities. Many of these communities belong to a Home Owners Association (HOA) that governs them. While they promise neighborhood upkeep, a community with an association may not …
Tips to Protect Yourself While Remodeling Your Home
Whether you’ve outgrown your home and need additional space, or you’ve decided you want to build up the value by adding square footage, you may be considering remodeling your home. The summer months are prime time for home construction as the weather is right, and taking a vacation in the middle of the work can lessen the inconvenience. But the work doesn’t always go as quickly and easily as those TV remodel shows portray. Make sure you protect your investment with these tips. Avoid The Unlicensed You wouldn’t want to hop into a taxi or Uber with someone unlicensed, even …
5 Important Questions To Ask When You Hire a Litigator
If you are facing a lawsuit or need to file one, the process can be very stressful. While many attorneys and law firms are well versed in many aspects of law, you need the best protection for yourself and your interests. Here are five areas to focus on when hiring a litigator. Are you Experienced? Your case is special to you. The outcome could determine how you live the rest of your life. Find a litigator that has specialized in cases that are similar to yours. You want to have confidence heading into a trial that your litigator is very …
How to Avoid Common Mistakes Startup Business Owners Make
Starting a business is very complex. You begin with passion and enthusiasm, but red tape and logistical hurdles can turn your dream into a nightmare. While pitfalls can foil the first-time entrepreneur, there are ways you can avoid them. The partners at Heritage Law LLC want to help you keep your business aspirations on track. Understanding the Marketplace Too many Orange County businesses jump into the fire without a solid business plan and research. No matter how good you think your product or service is, there must be a market for it. You need to ask yourself several questions to …
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