Business partnerships may be dissolved for any number of reasons. These can include a death, bankruptcy of the business, or simply the desire to move on. Once a vote has been taken to dissolve a partnership, the partners must adhere to the terms of the contract and state law to ensure that the appropriate steps are taken to formally end the relationship. Reviewing the Partnership Agreement Most partnership agreements identify the steps that need to be taken in order to dissolve the … [Read more...]
Archives for 2017
2017’s Legal Issues Restaurants Should Note
The new administration in Washington and new legislatures across the country may soon unleash a blizzard of legislation and rules impacting the restaurant industry. Many of these changes would come in the wake of actions taken in 2016, some of which are just starting to take effect. To that end, the following are some of the things business transaction lawyers want employers to know as the year gets rolling: (Article continues below Infographic) Marijuana Medical marijuana is … [Read more...]
Is a Reverse Mortgage Right for You?
Reverse mortgages offer options to senior homeowners who are struggling to maintain a certain lifestyle. Although they have advantages, they're not right for every homeowner. An attorney real estate can explain the legalities of a reverse mortgage and the impact on finances and home equity. The Facts About Reverse Mortgages A reverse mortgage is a federally backed FHA loan that enables senior homeowners who are 62 years old or older to convert part of their home's equity into cash. Reverse … [Read more...]