Turning Your Side Hustle into a Real Business Is Easier that You Think

It is feasible to turn a side hustle into a viable business with the right combination of planning, execution, scaling, and timing. The side hustle is a catch-all term for gigs done on the side to generate extra income in addition to regular employment or work. According to the Academy of Management, small businesses which grow from side hustles that are launched while the founder is still working a “day job” are one-third less likely to fail than their counterparts who devote 100 percent of … [Read more...]

Planning Your Estate: How to Make Sure Your Kids Can Keep the House

Parents who wish to leave their house to their kids can employ a variety of tactics to ensure their wishes are honored. Working with an estate planning attorney to create a will and a living trust, and making sure all the right wording is included in the deed is often necessary to ensure all bases are covered. Wills A will is a legal document that is set-up and signed by the testator to transfer property and money upon death. A will can be used to transfer anything the testator owns to anyone … [Read more...]

Do You Have an LLC or Corporation in Illinois? You May Not Be Protected

Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of business creditors, but the protection is not bulletproof. In some situations, personal liability for the obligations of LLCs and corporations may still exist. The Value of Limited Liability Limited liability companies and corporations shield business owners from personal liability in most situations if the business becomes liable to a third-party. Sole proprietors and … [Read more...]

Making Offers on Multiple Homes at Once

Making offers on multiple homes is a tactic used by some buyers when the real estate market is “hot,” and they are unable to secure an acceptance for their offer proceeding one property at a time. It is possible to make offers on multiple homes, but it could expose the buyer to legal and financial risks. Moreover, some local laws prohibit buyers from making offers on multiple homes at the same time. Legal Issues Some cities and counties prohibit buyers from submitting bids on multiple homes by … [Read more...]

Are You a Victim of Estate Fraud?

If an executor, beneficiary, or some other person steals estate money or assets or unlawfully sells the property of the deceased before it can be distributed to heirs, it is known as estate fraud. This crime can be committed by a beneficiary who defrauds the estate. It can also be committed by an executor who transfers assets from the estate to an entity the executor controls against the terms of the will. Depending on the acts committed, it could implicate both civil and criminal issues. Civil … [Read more...]

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