When you are buying a business, you want to make sure that you know exactly what you are getting. Not only are you paying money for the company, but you will also inherit its potential liabilities. Therefore, you must take the time to learn about the company before you complete the transaction. Once you agree to a deal, you…
When someone has lawful permanent resident status in the United States or is a citizen, some of their family members may be able to join them. In other words, certain family members living overseas can join their families in the United States. There are five different classes of family members who can apply for a family-based Green Card: Spouses…
Like consumers, business owners have two primary options when filing for bankruptcy. They can opt for a Chapter 7 bankruptcy, which is a liquidation of the business assets. Alternatively, they can choose a Chapter 11 bankruptcy, which is a restructuring that allows them time to pay their debts. In a Chapter 7 bankruptcy, it would mean the end of…
You want to start the new year off on the right foot, and one critical step is ensuring your business compliance for 2023. As a business owner, there are state and federal requirements to keep your business in good standing. We have a checklist for you, but it is always best to speak with a Washington business law attorney…
When estate planning, the issue of power of attorney can arise and is one of the crucial decisions you will make aside from where your property goes. Washington State will govern distribution if you do not have an estate plan. A Lynwood estate planning lawyer at Bountiful Law can help you through your estate plan and choose the best…
Moving to the United States is a big step for anyone, and you must use all the proper channels to start your foundation and life. The citizenship process is challenging, and you need legal guidance from a Lynwood immigration lawyer at Bountiful Law to ensure you get it right the first time. Do You Have These Requirements? The United…
If you are filing for bankruptcy, you have two different options, depending on your income level. In a Chapter 13 bankruptcy, you will be able to restructure your debt. In a Chapter 7 bankruptcy, you will be able to get a complete discharge of some of your debts. A discharge means that certain debts (for example, student loan debts…
A contract is a legally binding document that gives you both legal rights and obligations. However, you are usually bound by the exact language used in the contract. Here are some common mistakes that people make when agreeing to a business contract. One of the biggest errors is not getting everything down in writing right away. While an oral…
Estate planning lawyers will always describe the difficulties of the probate process, and it is not a marketing tool. There is a reason why you may be better off avoiding probate, and it starts with a lower stress level for your family. Most estates will need to go through probate, although there are some exceptions. Even if the estate…
When you go through a Chapter 13 bankruptcy plan, you must make payments toward your debts, albeit under a more forgiving timeframe than you had before, with debts being reduced. You are getting a restructuring as opposed to wiping the slate clean. What you are really getting is breathing room and protection that can allow you to work your…
